AB: Alberta Tightens Eligibility Requirements for Oil and Gas Licences
The Alberta Energy Regulator (AER) has significantly tightened the eligibility requirements for individuals and companies to hold oil and gas licences and approvals. Under a re-issued Directive 067: Eligibility Requirements for Acquiring and Holding Energy Licences and Approvals, the AER will now give greater scrutiny to potential and existing licensees of oil and gas wells, pipelines and facilities to determine if they pose an unreasonable risk of failing to meet the requirements and obligations as a licensee or approval holder. The new rules are designed to prevent people who have led companies in the past that have had significant non-compliance issues from operating again in Alberta’s oil and gas industry.
Existing licensees and approval holders must apply for an eligibility determination by January 31, 2018. If they fail to apply or are deemed to have no or limited eligibility, their existing licences and approvals may be revoked.