Anti-Modern Slavery Statement

Introduction

This Modern Slavery and Human Trafficking Statement relates to ongoing actions and activities of Stag Geological Services Limited (Stag). The statement sets down the commitment by Stag to preventing slavery and human trafficking in our business activities and the steps we have put in place with the aim of ensuring that there is no slavery or human trafficking in our own business and supply chains. We all have a duty to be alert to risks, however small. Staff are expected to report their concerns and management to act upon them.

Organisational structure and supply chains

This statement covers the business activities of Stag, which are as follows:

 

Provision of Wellsite and Operations geoscientists and Drilling Engineering consultants to Oil & Gas operators worldwide.

 

The Company currently operates in the following countries: UK, Norway, Denmark, Netherlands, Norway, Qatar, Bahrain, UAE, Australia, Nigeria, Chad, Cameroon, Gabon, Congo, Guyana, Suriname plus others as operations dictate.

 

All personnel assigned are degree qualified independent contractor consultants and due diligence is carried out by Stag to verify qualifications and experience. These personnel are supplied to Oil & Gas operators through signed contracts.

Stag Activity Risk

Given fact that the business of Stag is to provide qualified and experienced personnel, who are well known to Stag, to clients who are equally well known via established contracts, the risk of slavery and human trafficking is thought to be extremely low. Responsibility for the Company’s anti-slavery initiatives is as follows:

 

  • Policies: Ralph Steen (Operations Director) is responsible for creating and reviewing policies. The process by which policies are developed is in line with UK Governmental regulations and the terms of each individual client contract.

 

  • Risk assessments: David Becker (Operations and Support Manager) is responsible for risk assessments in respect of human rights and modern slavery by a process of monitoring governmental and client contract requirements.

 

  • Due diligence: All Stag management personnel are responsible for due diligence in relation to known or suspected instances of modern slavery and human trafficking.

Policies

The Company is committed to ensuring that there is no modern slavery or human trafficking in our business or our supply chains. This Statement affirms its intention to act ethically in our business relationships. The following policies set down our approach to the identification of modern slavery risks and steps to be taken to prevent slavery and human trafficking in our operations:

Due Diligence Processes for Slavery and Human Trafficking

The Company undertakes due diligence when considering taking on new suppliers, and regularly reviews its existing suppliers. The Company’s due diligence process includes building long-standing relationships with suppliers and making clear our expectations of business partners and evaluating the modern slavery and human trafficking risks of each new supplier and invoking sanctions against suppliers that fail to improve their performance in line with an agreed action plan, including the termination of the business relationship.

Performance indicators

The Company requires all relevant staff to have completed awareness training on modern slavery by (for example) https://www.gov.uk/government/publications/modern-slavery-training-resource-page/modern-slavery-training-resource-page and to report any suspicions of modern slavery or human trafficking.

 

As of this draft the number of reports are: Zero (0)

 

This Modern Slavery and Human Trafficking Statement will be regularly reviewed and updated as necessary. Stag Directors Robert Fagg and Ralph Steen endorse this policy statement and are fully committed to its implementation.