AER Industry Information Sessions- Integrated Decision Approach
On February 1, 2017, the AER opened several information sessions to introduce their new single-window approach with respect to well/facility licences, access roads, etc. All of the sessions are presently filled up, but be sure to check this link to see when additional sessions are made available.
LMR and IWCP Programs- There Are More Options Than Abandoning Wells!
As discussed in previously newsletters, the deadline for retiring 20% of your wells in the IWCP is March 31, 2017. An updated IWCP compliance report will be made available on April 1, 2017 by the AER.
The IWCP and LMR programs should not be considered mutually exclusive. There are a number of administrative changes that can be made to reduce your company's deemed liabilities before this deadline. Do you have "paper" batteries? Should a tubing declaration be made? Can wells be re-classified and used as observation wells? These are just a few things that can be done to reduce your company's deemed liabilities.
A reduction of your company's deemed liabilities can reduce your share of the orphan well association levy, potentially reduce or remove LMR security deposits and could remove wells from the IWCP list.
If you would like to discuss your options and understand how Benoit can help, please contact us or visit the
LMR page on our website.
Bulletin 2017-04 - First 2017/18 Orphan Fund Levy
On February 6, 2017, the AER released Bulletin 2017-04, which prescribed an orphan fund levy in the amount of $15 million. For details on the levy calculation and payment terms, please click
here.
BCOGC: Industry Bulletin 2017-02
The OGC has launched a web-based groundwater retrieval tool called the Groundwater Review Assistant. For more information on this tool, please click
here.
BCOGC: Industry Bulletin 2017-03
The OGC has advised operators that changes in and about a stream will be required in Post construction Plan submissions, effective February 24, 2017. For more information on this change please click
here.
Directive 071: Emergency Preparedness and Response Requirements for the Petroleum Industry
Effective February 2, 2017, ERPs are to be submitted electronically, through the AER’s Digital Data Submission (DDS) system, rather than by hard copy.
No changes to the technical requirements have been made in the update version of D071. Please see Bulletin 2017-03 for more details.
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I know LinkedIn isn't for everybody, but I though I should mention that we do post weekly regulatory updates via LinkedIn. Generally, most of the updates are within our monthly newsletter, but in that it is another source of communication that we provide, I thought I should mention it.
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