Oil and Gas – Facilities
The AER released a new edition of Manual 023 Licensee Life-Cycle Management that includes clarifications based on feedback received as part of the ongoing implementation of the Government of Alberta’s Liability Management Framework. The clarifications involve the following:
- general administrative and editing clarifications;
- addition of definitions for active, inactive and marginal liability;
- removal of references to closure spend forecasts and implementation of changes to support the end of the supplemental closure spend quota, announced in Bulletin 2023-35: Mandatory Closure Spend Quotas for 2024;
- clarification of the security refund request process for liability programs identified in Directive 088: Licensee Life-Cycle Management; and
- incorporation of the following changes to the licensee capability assessment introduced on November 28, 2023:
- update to the closure spend parameter in the closure factor to use actual reported spend rather than estimated spend for all licensees;
- update to the orphan fund levy compliance parameter in the administration factor to include late and payment plan data;
- update to the administration levy compliance parameter in the administration factor to include late and payment plan data; and
- various bug fixes regarding data anomalies.
