PTAC | CRIN Vision for the Future of Wellsite Asset Retirement: Decommissioning through Closure Event

The Canadian upstream oil and gas sector is poised to address billions of dollars’ worth of asset
retirement. In Alberta alone, nearly half of the wells drilled have reached the end of their productive lives, thus requiring decommissioning and regulatory closure of the wellsites. Petroleum Technology Alliance Canada (PTAC) and the Clean Resource Innovation Network (CRIN) invite you to attend this virtual event with the goal of sharing successes, learnings and a collective vision for advancing efficient and sustainable practices to most effectively address the full scope of wellsite asset retirement. Presenters and a panel discussion will provide a regulatory perspective or case studies for asset retirement, and innovation to transform our landscape and diversify Alberta’s economy.

During this session, speakers and panelists will discuss:

• A shared vision for holistic asset retirement whereby modernization of asset retirement are front and centre, supported by science, engineering and technological innovation.
• Energizing the decommissioning and liability closure community with shared outcomes from model practices.
• Streamlining research and innovation approaches amongst industry, service providers, technology developers to accelerate site closure and facilitate timely economic diversification.