SLIDE 1
Managing Alberta’s Aging Energy Infrastructure
Kirk Bailey, EVP, Operations Alberta Energy Regulator
Alberta ARO & Liability Executive Forum 2016 Dec 1
2 Alberta’s oil and gas well count inventory (Source: Alberta Energy Regulator).
Managing Albertas Aging Energy Infrastructure Kirk Bailey, EVP, - - PowerPoint PPT Presentation
Managing Albertas Aging Energy Infrastructure Kirk Bailey, EVP, - - PowerPoint PPT Presentation
Managing Albertas Aging Energy Infrastructure Kirk Bailey, EVP, Operations Alberta Energy Regulator Alberta ARO & Liability Executive Forum 2016 Dec 1 Albertas oil and gas well count inventory (Source: Alberta Energy Regulator). 2
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SLIDE 3
AER
Considerations Financial Liability
3
SLIDE 4
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Considerations Environmental Protection
4
SLIDE 5
AER
Considerations Future Potential
5
SLIDE 6
Years Inactive # of Wells
< 0.2% of wells are reactivated after 10 years of inactivity
Reactivated wells
Reactivation of Wells
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AER
Considerations Competing Land Use
7
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50 80 591 258 74 162 705 768 100 200 300 400 500 600 700 800 2012/2013 2013/14 2014/15 2015/16
OWA Well Inventory and Wells Orphaned for Abandonment
Wells orphaned Total orphan well inventory
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Current Initiatives
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Inactive Well Compliance Program
Compliant inactive wells Noncompliant inactive wells # Inactive Wells Start of the Project End Year 1 End Year 2 End Year 3 End Year 4 End Year 5 20% 20% 20% 20% 20%
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AER