Achieving Success Utilizing Funding Under the SRP and DRSP

Federal funding that was committed in April 2020 under the COVID-19 Economic Response Plan, has made its way to Western Canada to pay for end of life activities on inactive and dormant locations. We know of many licensees with a backlog of inactive locations that would benefit greatly from this influx of targeted funds.

However, the process of applying for this funding has been challenging for many service companies and licensees.

Arletta has been able to help our clients navigate the application process, as well as the groundwork of prioritization and organization of their inactive or dormant well lists. This has been an opportunity for many licensees to build an Asset Retirement Obligation program from the ground up, and Arletta’s staff have the necessary expertise to assess and rank your inactive licenses for remediation or reclamation planning.

We look forward to continuing to work with licensees to build these ARO programs and take advantage of future rounds of funding!