宝威体育

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Inactive Liability Reduction Program

The Inactive Liability Reduction Program (ILRP) is a new results-based program which aims to reduce inactive liabilities held by oil and gas companies. It will require oil and gas licensees to retire a percentage of their inactive liabilities each year to gradually reduce the percentage of inactive wells and facilities in the province.

The ultimate objectives of the program are to:

  • Prevent an increase in orphan wells and facilities in the province;
  • Ensure industry bears the responsibility to meet their end of life asset retirement obligations; and
  • Ensure licensees are managing their liabilities in a timely manner.

For information related to and regulations surrounding the ILRP, please refer to (FSSCR) and .

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