Managing Alberta’s Aging Energy Infrastructure

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Presentation transcript:

Managing Alberta’s Aging Energy Infrastructure Kirk Bailey, EVP, Operations Alberta Energy Regulator Alberta ARO & Liability Executive Forum 2016 Dec 1

Alberta’s oil and gas well count inventory (Source: Alberta Energy Regulator).

Considerations Financial Liability 3

Considerations Environmental Protection 4

Considerations Future Potential 5

Reactivation of Wells < 0.2% of wells are reactivated after 10 years of inactivity Reactivated wells # of Wells Years Inactive 6

Considerations Competing Land Use 7

Current Initiatives 10

Inactive Well Compliance Program 11