On Thursday November 14th, 360’s Ryan Smith will be discussing some of the best practices in asset retirement obligations to a wide group of industry professionals. The event is hosted by XI Technologies and will look to present the unique approaches to ARO from the perspective of lenders, producers, legal teams, insurance and asset retirement specialists.
Facility Expansion Program
The Facility Expansion Program for a major oil producer included several key projects aimed at enhancing the capacity and efficiency of existing facilities. The program involved the expansion of multi-well batteries (MWB) and sour gas processing plants (SGPP), including the addition of new surface equipment and power generation capabilities. Key services included the amendment of several D056 licenses to expand MWB size and add surface equipment; and to expand one MWB to a SGPP. 360 also supported with associated EPEA and AUC applications and approvals. Additionally, the program covered a superpad expansion with added power generation and compression to a D056 license, completion of the associated EPEA application for a power plant approval with MWB > 16 kg/hr NOx, and the AUC application, all of which were approved.
