The Ministry of Energy and Resources is seeking input from the oil and gas industry on a proposed amended Directive for the Licensee Liability Rating (LLR) Program. The proposed amended directive features changes to phase out the Present Value Salvage (PVS) factor in the LLR Program.
Highlights of the proposed amended directive are available at:
The Ministry welcomes any feedback that you may have on the proposed amended directive and asks that you submit your comments no later than June 6, 2019, to:
Attn: Candy Dominique, Liability Regulation Manager, Liability Management