Trada Maritime Has Published Environmental & Social Review Summary in Relation to the Widuri Project
March 30, 2010 -- The technical information below is provided by Trada Maritime and has been reviewed by International Finance Corporation (IFC). The review includes Trada's compliance with IFC’s Performance Standards and management capacity to provide adequate oversight of environmental, social, health and safety aspects of its business. The review relied on documents and reports made available by Trada, IFC technical consultant’s report and interviews conducted by IFC staff during meetings with senior management team of Trada and CNOOC SES Ltd. (CNOOC) project management personnel in Jakarta, Indonesia.
This is a Category B project according to IFC’s Environmental and Social Review Procedures as it may create a limited number of specific environmental and social impacts that can be avoided or mitigated by adhering to generally recognized performance standards, guidelines, or design criteria. The Lentera Bangsa, which is being provided by Trada as a replacement of an existing vessel in operation at the SES Concession Widuri field, will continue to comply with project specifications and environmental mitigation measures mandated by CNOOC and approved by the Indonesian government. Environmental, social, health and safety issues that require ameliorative measures are included in the Environmental and Social Action Plan (ESAP) and will be addressed by the Company as agreed in IFC’s investment documents and any associated agreements.
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