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.
Development of Site-Specific Guidelines & Remedial Action Plan (RAP)
Working closely with a developer, the City planning group, the AER, and the oil and gas licensee, 360 evaluated and remediated a contaminated site within the City of Edmonton that was slated for future residential development. Subject matter experts from 360 delineated the site extensively over 3 years and created an advanced environmental model that reduced the excavation volumes while saving our Client >$3 MM. Subsequently, the site fully meets environmental guidelines, and our client’s bottom line was protected.
