Guest Blog by Mike Newton Are oil and gas companies responsible for the end of life liabilities of assets they divest if the acquiring company goes bankrupt? This question has been reverberating throughout the oil
May 15th, 2018|Categories: Asset Suite|Tags: A&D, ARO, llr|Comments Off on Redwater will affect the way E&Ps estimate and manage Asset Retirement Obligations
The issue of Licensee liability in Alberta's oil and gas sector has been an evolving one for many years. The Alberta Energy Regulator (AER) introduced changes to the Licensee Liability Rating (LLR) from 2013 through
As software technology advances, so do the expectations for reporting and drilling analysis. Operators continue to develop more sophisticated ways to monitor drilling performance, through benchmarking, performance dashboards, KPIs tracking, technical-limit research, and optimization planning.