b'Strategic Goals 2021-2025As key components to realizing our Vision 2030, Staatsolie has set six key Strategic Goalsforthecurrentfive-yearperiod.STRATEGICGOAL1: STRATEGICGOAL5: Sustain Onshore Production Develop and Implement Alternative Energy SourcesStaatsolie will sustain our onshore hydrocarbon production level of 6MM/bbls aStaatsolie is working to optimize the yearinordertocontinuetofeedourrefinery hydro reservoir regime to increase hydro until2040.Doingsowillinvolvecontinued generation at our Afobaka Dam facility. We research and implementation of multiplealso plan to conduct studies on developing IOR/EOR initiatives and projects. and delivering alternative energy sources such as solar and natural gas.STRATEGICGOAL2:Remain a First Quartile Producer STRATEGICGOAL6:Strengthen Staatsolie to To continue as a low-cost producer,World-Class StandardsStaatsolie will achieve enhanced costWe will continue the optimization of our management implementation throughorganizational structures, developingefficiencyimprovementsandtechnologies. world-classcapabilitiesinareasincluding:Health, Safety and Environment;Human Resources; Corporate Audit; STRATEGICGOAL3: Governance, Risk and Compliance; andEstablish Shallow OffshoreourRefineryAsset.Joint VenturesOur goal is to establish at least three joint venture partnerships for exploration and discoveries in our Shallow Offshore area.STRATEGICGOAL4: Participate in Deep Offshore OpportunitiesWe plan to secure the funds necessaryto establish Staatsolies participationin the development of our deepoffshore discoveries.11'