The AER continues to enhance its Security Collection Framework, aiming to minimize provincial liability inventory. This initiative not only supports the Orphan Well Association but also ensures the protection of financially robust and capable companies.
Did you know the AER has updated the transfer security ranges in Manual 23 for 2025? These changes narrow crossover timelines, presenting new challenges for producers and midstream licensees. Adapting to the updated security ranges is crucial for improving your Licensee Capability Assessment (LCA) and staying competitive.
This course provides guidance on what triggers a Holistic Licensee Assessment and how the Security Collection Framework determines security. You will learn how to avoid common mistakes and misconceptions related to LCAs and gain a clear understanding of new regulatory requirements.
The live course is scheduled for Tuesday, January 21, 2025 from 9 a.m. to 12 p.m. MT. via ZOOM.
EXCLUSIVE OFFER: Sign up today to receive one hour of free consulting with one of the three instructors before or after the live event.
Learning Objectives
- Examine what has been updated within the AER's liability management program and stay ahead of the changes to reduce corporate risk
- Assess how holistic licensee assessments and changing security collection frameworks will impact your operations and planning
- Gain clarity on who takes on risk and cost post-license transfer and how the AER calculates financial distress and crossover timelines for security collection and refund
Our ESG Learning instructors and course developers have a wealth of experience delivering ESG solutions to the global energy industry. This course was developed by regulatory experts Mark Taylor, Alanda Allum and Rob Cruickshank. As former senior leaders at the Alberta Energy Regulator, the teaching team has over 35 years of regulatory expertise and experience within the energy industry. This team will assist stakeholders avoid common mistakes and misconceptions about the regulatory process in order to maximize the efficiency of application approvals.
Curriculum
- Historical Context for Directive 88 - How did we get here?
- Security Deposits and Licensee Capability Assessments
- Licensee Management Program
- Holistic Licensee Assessment
- Directive 88 License Transfer Process
- Inventory Reduction Program
- Updates to Directive 88 and Manual 23 - Where are we heading?
Additional Information
- All course materials will be available (for viewing only) to those who register after the date of the live event
- Prices are in US dollars
- We have affordable subscription options for individuals, teams and companies. With a subscription you get unlimited access to our full library of live and e-learning courses.
Still have questions? Connect with us at esglearning@evaluateenergy.com.
Certificate
By completing/passing this course, you will attain the certificate 2024 Regulatory Compliance Certificate