Streamlined End of Life Solutions
Oil and gas producing fields and their associated facilities share a common reality – they have finite life spans. As the WCSB and other basins around the world mature, innovative thinking is required to ensure the industry grows and ages in a manner that is both responsible and sustainable.
Public pressure is mounting and full lifecycle management is becoming a top priority for all stakeholders. Regulations will evolve to improve the public's protection from liability associated with wells, pipelines and facilities that ultimately require retirement. With over 65,000 inactive wells and associated pipelines and facilities in Alberta alone, only a small fraction are annually abandoned and reclaimed – a clear indication that industry needs a better strategy to keep up.
Tervita has developed a fully integrated solution that offers safe, cost-effective, and efficient management of the entire end-of-life process. Our process restores the land to a reclaimed state, which meets or exceeds regulatory standards. Providing streamlined solutions that expedite the return of lands to public and/or alternative use is the foundation of this integrated service.
The breadth of services we offer, our commitment to safety and the process and tools we have developed to include client, regulator and public input, ensures that costs are optimized against desired outcomes, liability is understood and progressively eliminated, and the public and the environment is protected.
Tervita has the experience to design, plan and execute a holistic approach to engineered asset retirement. We have the full breadth of environmental solutions to help operators manage their entire lifecycle, from asset retirement planning to reclamation certification. Clients who value a cost-effective, risk-managed and consistent approach to end-of-life will benefit from this service.
Asset retirement services include: