O&G Resources LLP is dedicated to creating a transparent and interactive culture and is a proud community partner. We are happy to be able to help the people in the area both socially and monetarily so they can live better lives. The Company did not participate in or support any charitable or social initiatives or gatherings in 2020. On the other hand, O&G Resources LLP offers support when required. For example, it can lend specialized equipment to rural districts in the event of severe snowfall or infrastructure accidents, and it can arrange transportation for rural children to take part in field trips to nearby historical sites.

Payment to governments

O&G Resources LLP is committed to transparency in both its business dealings and its payments to the government. Our interactions with the local community and government, as well as the manner and purpose of our interactions with various stakeholder groups, are governed by an extensive public relations and government relations procedure. Governments received payments from O&G Resources LLP totaling US$31.5 million in 2021. We will provide an update on payments made to governments in 2022 in the first half of 2023.

Liquidation fund contribution

As stipulated in the agreement, O&G Resources LLP will set aside US$12.7 million in liquidation funds to deal with the fallout from operations, including cleanup of drilled wells, environmental preservation, and deconstruction of other facilities. These projects will require approval from the government, the local community, and the company. At the end of 2021, US$7.7 million (including amounts held and sold in 2022) was held in restricted cash accounts as deposits for the liquidation fund (2020: US$7.6 million, including deposits for subsoil use agreements).