• Transfer of Infrastructure and Liabilities - Assessment Criteria and Considerations Toolbox for State and Provincial Regulators (2018)

Transfer of Infrastructure and Liabilities - Assessment Criteria and Considerations Toolbox for State and Provincial Regulators (2018)

$0.00

Description

A project by the IOGCC International and Legal and Regulatory Affairs Committees led by International Committee Chair, David Hardie, Director Liability Strategy, Alberta Energy Regulator Committee Chair, Ryan Hoffman, Director, Conservation Division, Kansas Corporation Commission and Vice Chair, Eric Vendel, Senior Legal Counsel, Division of Oil and Gas Resources Management, Ohio Department of Natural Resources

Transfer of infrastructure such as wells, facilities, and pipelines,between companies is a core issue, as regulators want to ensure infrastructure and sites are in the control of companies that have the appropriate operational capability. Additionally, regulators want to ensure that the infrastructure always remains with companies that have the financial capability to address the liabilities, being the costs to decommission and reclaim, should it be necessary.In order to better understand the myriad of requirements across North America, the International Committee, and Legal and Regulatory Committees have joined efforts to conduct this survey.