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Policy statement / Code of Conduct 2025

Vision
WFR has acquired an excellent position in the market of Well Testing and related activities in recent years. An excellent position with regard to a qualitative and safe execution of our services for the customers. A position that also has opportunities for further growth. And that is the vision of WFR, growth in activities, market, customers and competence.

Mission
In order to grow, it is important to maintain the current qualitative and safe execution and to increase our competences and activities. For this reason, WFR has developed an extensive competence development program and we are also investing in a continuous expansion of our Equipment.

Quality
In order to continue the quality that we deliver in the future, we must continue to meet the expectations of our customers. This is only possible with the right competences, the right resources and the right processes. WFR is focused on keeping the equipment in good condition and continuously improving the processes and competences, so that we are able to continue to provide the best service to the customer.

Healthy and safe working
WFR achieves good results in healthy and safe working. We will continue to support awareness of the necessity of this with instruction and advice for improvement.

Environment
We expect all stakeholders to treat the environment in such a way that we can all live in a clean environment that we can pass on to our children in a better condition than is currently the case.

Climate
Climate change affects us all. Despite the fact that WFR is in a sector that has a negative impact on the climate, but which has been necessary for society up to now, WFR nevertheless aims to protect the climate as much as possible by carrying out its own activities with as little CO2 emissions as possible.

Competencies
Quality, safe working, environmental awareness, all stem from competence. Competence is developed within WFR through a competence management system that will be further intensified in 2025.

Alcohol, drugs and weapons
We expect all employees to be aware of the dangers of alcohol and drug use and to be completely free of alcohol and drugs during WFR Oilfield Services activities and not to possess (concealed) weapons within the work location.

Complying with laws
We require all stakeholders to comply with formal laws and not to engage in theft, fraud and other criminal activities.

Acting ethically
We require all stakeholders to act ethically and morally and not to engage in bribery, unauthorized side activities, gossip and slander, undermining management, or spreading hatred against individuals and groups and spreading undermining conspiracy theories or objectionable insights that conflict with the prevailing moral values of the other employees on the work floor. Accepting gifts, entertainment, gifts from business stakeholders is also prohibited.

Social behaviour
We expect all employees to not only think about their own well-being, but also about the well-being of others and therefore to apply the usual standards of cleanliness and kindness towards their colleagues and not to engage in intimidation, bullying, discrimination and racism.

Child labour and forced labour
It should be clear that no employee directly or indirectly facilitates or maintains in any form child labour or forced labour

Confidentiality obligation
Employees are obliged to keep all confidential company information that could harm WFR or its customers or strengthen competitors within WFR and not to distribute it outside WFR, even after termination of employment.

Intellectual property
All documents, drawings, project plans, formats, manuals, etc., that were created during WFR time or belong to customer property, are the property of or made available to WFR and may therefore not be used for third parties and no copyright can be claimed on them.

Data protection
All personal, customer and financial data must be shared and stored with care by the processors, taking into account the guidelines set out in the HSEQ manual.

Dealing with social media
The image of WFR is important to all of us and therefore employees are expressly requested not to communicate any negative opinions about WFR via social media or other media channels. Not even directly to customers at customer locations. This is to prevent damage to WFR and all those involved. Every employee has the opportunity to address the management and board with any feelings of frustration, disappointment or discomfort that may exist. The only contact person for the media is the General Manager or an official designated by him.

Secondary activities
In order to protect the interests of WFR and its employees, all secondary activities that could harm these interests must be communicated to management. Harmful secondary activities can be (but are not limited to): competing activities, reputation-damaging activities, activities that prevent productive and safe working within WFR.

WFR property
WFR property is capital and is a burden on healthy financial management. Every employee is expected to handle work equipment, laptops, means of transport and the like with care.

Compliance
Compliance with this code of conduct is of great importance for the continuity of our organization and for ensuring safety and job satisfaction. Violation of this code of conduct will therefore not be tolerated and will have serious consequences for the offender.

Schoonebeek, 16-08-2024

Jorg ter Beek, General Manager