The Enhanced Valuation Audit Program (EVAP) provides greater compliance assurance over crude oil price reporting requirements that are used to determine Saskatchewan's Crown royalty and freehold production tax (royalty/tax).
EVAP requires a Royalty Tax Payer (RTP) to submit a declaration-based self-assessment through Petrinex. EVAP applies to those RTPs that meet the criteria outlined in Section 1.7 of the upcoming Directive PNG075: Enhanced Valuation Audit Program (EVAP) or the EVAP section of the Oil and Gas Conservation Regulations.
The purpose of the declaration process is to reduce the reliance on manual audit processes to validate well-head oil prices reported to the Ministry of Energy and Resources through Petrinex.
Note: Please download the Enhanced Valuation Audit Program (EVAP) template.