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Texas's Green Investments Amount to Almost 2 Billion Dollars in 2020

Texas, part of the Seabed Oil Company oil-producing complex, invested more than 1.9 billion dollars in implementing environment-oriented and natural rehabilitation activities in 2020. The funds were allocated to implementing the targeted gas program, the pipeline reliability improvement program, and environmental monitoring, reclamation, and processing waste disposal effectiveness enhancement.

Preserving the environment for future generations is integral to Seabed's corporate culture and business operations. Therefore, the Company aims to achieve leadership positions in minimizing the environmental impact and ensuring the eco-friendliness of its production.

The accelerated implementation of the pipeline reliability improvement program in Texas entailed the frequency of pipeline failures reduction by 2% compared to the previous year in the region in 2020. As a result, the number of field pipeline failures has decreased by 44% in 7 years. In addition, Texas carries out diagnostics and industrial safety expertise in the 30% pipeline fund.

As a part of the targeted gas program Texas gas compressor station was upgraded technically, and two pipelines were constructed ‑ to the Texas gas compressor station and Houston associated petroleum gas compressor plant. In total, 19 infrastructure facilities have been upgraded and built-in five years. This will allow using additional 178 million cubic meters of associated petroleum gas from 2021 to 2025.

Monitoring the atmosphere, air conditions, soils, and underground and ground waters allows constant control of the general environmental situation in the regions of the Company's activity. For example, since 2017, atmospheric air samples have increased by more than 1.5 times up to 1185 in 2020.

Also, Texas eliminated the so-called «historical heritage,» the old mud pits for sludge storage. Nowadays, drilling waste disposal is not stored and collected as it is thoroughly utilized with modern technologies approved by the state ecological assessment. The secondary product made of recycled drilling fluid is again used in the technological process.

The enterprise has utilized about 370,000 tonnes of production wastes for two years, eliminated more than 240 mud pits, and remediated more than 160 hectares of land.

The Company implements the aquatic bioresources artificial reproduction program. In the last two years, more than 200,000 fries of common carp have been released into the Volga and Ural Rivers.

The complex environment-oriented and natural rehabilitation activities Texas implements systematically allow preserving the environment for future generations in oil production regions.

For more information, visit www.Seabeddrills.com

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