Alberta is well known for its oil sands, with some of the most significant oil reserves in the world. However, those interested in Canadian resource plays should also pay close attention to Alberta’s neighbour to the east, Saskatchewan, and recent legislative amendments intended to assist companies investing in Saskatchewan’s energy and resource industries and provide the best support services and business and regulatory systems available.
Changes to the Oil and Gas Conservation Act (OGCA), which governs the regulation of resource development operations in Saskatchewan, came into effect on 1 April, along with the Oil and Gas Conservation Regulations, 2012, and the Petroleum Registry and Electronic Documents Regulations.
One purpose of the amendments is to harmonize the OGCA with Alberta’s Oil and Gas Conservation Act, and to support the Saskatchewan government’s Process Renewal and Infrastructure Management Enhancements (PRIME) policy initiative, which is to be completed by 2013. PRIME supports a single-window, web-based information management system to streamline and modernize business and regulatory systems and provide 24-hour access to petroleum-related data.
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Patrick Maguire and Marie Buchinski are partners and Chuck Davies is an associate at Bennett Jones, a law firm with offices in Calgary, Toronto, Edmonton, Ottawa, Dubai, Abu Dhabi, Doha and a representative office in Beijing.
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