Effective 1 March 2016, Drillsearch Energy Limited is a wholly owned subsidiary of Beach Energy Limited. For latest information regarding the combined operations, please visit Beach’s web site at www.beachenergy.com.au. Please note the existing Drillsearch web site will close in due course.

Drillsearch has grown rapidly over the last few years, from a junior explorer to an oil and gas producer and explorer in the ASX200. In parallel with that growth, Drillsearch has continued to develop its approach to Corporate Sustainability and to ensure that approach is embedded throughout the organisation. The foundation of Drillsearch’s approach to Corporate Sustainability is closely aligned to the key disciplines that have been established within the company:

DLS Disciplines Circle orange
Drillsearch’s current production, and several of its major exploration projects, are operated by third parties. As a result, the Health, Safety, Environment and Community (HSEC) frameworks applied in the operation of those assets are determined by Drillsearch’s joint venture partners. Drillsearch takes an active role in its joint venture activities, including ensuring that the operators apply appropriate HSEC policies and procedures.

Drillsearch is committed to delivering long-term, sustainable growth for its shareholders. In order to achieve this, we must ensure we operate safely and responsibly, engage and motivate our people, and play an active role in our community.

Corporate Sustainability at Drillsearch is grouped under four key areas:

  1. Health and safety
  2. The environment
  3. Our people
  4. The community

 

HEALTH AND SAFETY

Drillsearch puts health and safety first in everything that the company does. The company is committed to providing a safe environment for its people and communities, and aims to continually improve in all areas of health and safety.

Drillsearch continued to improve its safety performance in FY2015, with the TRIFR falling by 31.7% to 6.64 from 9.72 in FY2014.

Description FY2014 FY2015 Reduction Outcome
TRIFR 9.72 6.64 31.7%
Total Recordable Incidents 5 3 2
Recordable Incidents Employees = 1
Contractors = 4
Employees = 0
Contractors = 3

TRIFR ComparisonWhile safety performance improved significantly in FY2015, there remains further opportunity to improve again in the current year. Drillsearch will continue to seek further reductions in TRIFR through applying the HSEC initiatives undertaken in FY2015. A material focus for our health and safety team in FY2016 will be contractor management and health and safety awareness in our corporate affairs.

 

ENVIRONMENT

Minimising the impact of our activities on the environment is a priority at Drillsearch, and we have a robust system of procedures and management systems in place in order to ensure that we minimise our environmental impact.

Drillsearch’s Environmental Management System (EMS) has been developed and is maintained in alignment with the AS/NZS ISO 14001 standard. Under our EMS, Drillsearch seeks to identify environmental risks at the earliest stage, to enable project teams to incorporate strategies to manage potential risks in the project planning phase.

Release of UNDERGROUND WATER IMPACT REPORT

In accordance with the requirements of section 381 and section 382 of the Water Act 2000 (Water Act), Drillsearch Energy Limited has developed an Underground Water Impact Report (UWIR) for its gas exploration activities within ATP 940P located within the Cooper-Eromanga Basin of Central Queensland.

You have the opportunity to review and comment on this UWIR.

You can download the ATP 940 Underground Water Impact Report or phone ARCADIS on (07) 3337 0017 to arrange for a hard copy to be posted to you.

 

PEOPLE

Drillsearch’s people are at the heart of the company’s success, and the company strives to ensure that its people are engaged, motivated and aligned with its strategy.

Drillsearch aims to be an employer of choice in its sector by maintaining a strong culture and values and providing opportunities for training and development.

Diversity

Workplace Diversity is about developing strategies that recognise and accommodate differences in background, cultural perspectives and family responsibilities retaining the principle of equal employment opportunity (EEO).

The principle of workforce diversity underpins all aspects of human resources management, such as workforce planning, recruitment and selection, performance management, learning and development, leadership development and workplace health and safety.

A workforce that truly reflects the diversity of the society in which it is based creates the greatest opportunity for a broad spectrum of ideas, practices and innovations being utilized to enhance the value of that organisation. It creates a workforce that will bring different ways of seeing a problem and if managed correctly brings the potential for people from different backgrounds to engage in thoughtful debate leading to ground breaking solutions with independent points of view and more willingness to voice different types of opinions.

When an authentic, inclusive culture is created, a diverse workforce is capable of producing a range of original and engaging ideas that is impossible among homogenous employee populations.

Job seekers are drawn to companies with diverse workforces as it is evident these companies do not practice employment discrimination. Potential employees want to know that employers treat their staff fairly regardless of race, ethnicity or gender. Overall working for a diverse workplace, having the opportunity to learn from other employees creates an enjoyable working environment where employees want to come to work.

At Drillsearch, we recognise the importance of such a diverse workforce and are committed to maintaining an empowered and inclusive workplace. Differences such as age, gender, ethnicity, sexual orientation, religion, and family status all form part of our growing pool of talent. Such differences encourage a dynamic and supportive environment and influence the way we do business.

Drillsearch is committed to achieving a fully diverse workforce consistent with a strong message to employees and future employment candidates that Drillsearch is accepting of all and, therefore, is an employer of choice.

 

COMMUNITY

Good community relations are an essential part of Drillsearch’s business and licence to operate, even in a sparsely populated area such as the Cooper Basin. As a result, Drillsearch builds strong relationships with the people in the areas in which the company operates, including with the local landowners, townspeople and Indigenous Communities.

Every year, Drillsearch participates in a number of key events and community initiatives that are designed to improve quality of life for people living and working in the Cooper Basin. In addition, Drillsearch organises and facilitates a number of fund-raising and sponsored events that enable employees to participate in the broader community.

Cultural heritage and indigenous participation

Drillsearch’s relationships with key indigenous stakeholders are critical to the company’s licence to operate. As a matter of course, the company regularly interacts with a number of Native Title claimant groups including the Wangkumara and Mithaka people in Southwest Queensland and the Yandruwandha Yawarrawarka people in South Australia.

Drillsearch’s ongoing operational footprint provides the company with opportunities to participate in the development and delivery of training and employment initiatives for indigenous groups. While field clearance and survey work is closely aligned to new exploration activity, longer term opportunities to enhance pre-employment skills and work readiness will form the basis for more consistent engagement across the year.