Bulletin – Licence Transfer Application
The AER announced that it was amending its pipeline licence transfer application process to include a written confirmation that records required by CSA Z662: Oil and Gas Pipeline Systems (“CSA Z662”) and part 4 of the Pipeline Rules have been maintained by the seller (or transferor) and have been transferred to the purchaser (or transferee) of the licence.
As a result, the following two statements will be added to the licence transfer application in the Digital Data Submission system, and must be agreed to by the transferor and transferee before the AER will process an application to transfer a pipeline licence:
(a) Transferor statement: The transferor hereby confirms that it has collected and retained all records required under the Pipeline Rules and CSA Z662. The transferor confirms that it has provided these records to the transferee by the effective date of the licence transfer; and
(b) Transferee statement: The transferee hereby confirms that it has received all records required to be collected and retained under the Pipeline Rules and CSA Z662 from the transferor. The transferee is responsible for producing these records on request by the AER. Failure to do so constitutes a noncompliance of AER requirements.
While the above statements are new, the AER reiterated that these statements did not impose any new or additional requirements, as these are already requirements under CSA Z662 and the Pipeline Rules. The confirmations are simply a tool for the AER to ensure that the records are transferred prior to the processing and approval of a licence transfer application.
