Health, Safety, and Environmental (HSE) Policy

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Health, Safety, and Environmental (HSE) Policy

Denbury Resources Inc. and its subsidiaries and affiliates (“Denbury”) are committed to the

safety of employees, contractors and the general public. We recognize that providing and

integrating a sound environmental, health and safety program into our business is key to

our success.

We strive to steadily improve our HSE performance through systematic management. Therefore, we

commit ourselve to:

Improving our HSE management system and carrying our “continual improvement” plan.

Internally promoting our HSE management policy and providing HSE management training to all

employees so as to improve their HSE management consciousness and technical skill to ensure the

execution of their respective duties are in adherence to the HSE Policy.

Providing our employees with a safe workplace, including reliable equipment and facilities and personal

protection equal to or exceeding the government’s standards.

Conducting HSE management inspection on newly built, upgraded and modified equipments.

Periodically inspect and evaluate the HSE management status of facilities and equipments in use.

Performing timely revisions to the emergency plan, establishing emergency supplies and equipment,

and periodically organizing emergency exercises to minimize injuries and pollution accidents.
Conducting risk identification, hazard analysis and safety evaluation on each phase of operations from

design to construction to operation, and integrating the results to any modification plans.

Offering HSE information to contractors and requesting them to establish HSE management system

comply with industrial standard and provide ongoing training to their employees.

Mantaining friendly relationships with government agencies, local communities and the public, and

cooperating closely with them on HSE management so as to create a positive environment in the

community where we operate.

Encouraging employees to participate in HSE management activities and scientific research.

Keeping work sites clean to create a good environment for the health and safety of our employees.

It is Denbury’s policy to:

x Comply with all pertinent environmental and safety laws, rules and regulations, not

just because it is legally required, but also because we believe it is the responsible

way to conduct our business; x Set HSE targets and goals annually to measure our performance, to

achieve

superior results and to continually improve;

x Monitor, revise and reemploy safety systems and environmental assessments on a

regular basis; x Provide education and training to our employees in order for them to have the

knowledge, skills, and understanding to perform their responsibilities and duties at

the highest level; x Routinely review and verify performance with audits, evaluations and other quality
assurance and quality control methods;

x Empower and expect employees and contractors to promptly report noncompliance or unsafe

conditions and to take immediate action to prevent injuries

or environmental accidents; x Provide relevant safety and health information to contractors and require

them to provide proper training for the safe, environmentally sound performance of their work; and

x Communicate our commitment to this policy to our subsidiaries, affiliates and

contractors and seek their support.

As a condition of employment, all employees are required to comply with all safety- and

environmental-related rules and regulations. Each employee understands that they are

individually responsible for their own safety and the safety of those around them.

Violation of this policy will be cause for disciplinary action up to and including termination

of employment.

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