Saskatchewan Rolling Out New Orphan Liability Program

摘要

Oil and natural gas companies operating in Saskatchewan will now be subject to new levies aimed at heading off potential future liabilities to the province from suspended wells and facilities. "The biggest concern was that if we didn't act now we would have had so much liability in the province in the form of orphan wells that we could not pay for it," Todd Han, director of the Petroleum Development branch of the Saskatchewan Energy and Resources department, told a recent meeting of industry representatives.