Directive 011: Licensee Liability Rating (LLR) Program: Updated Industry Parameters and Liability Costs
Release Date: March 31, 2015
Effective Date: August 01, 2015
Replaces the previous edition released on April 10, 2014.
Released with AER Bulletin 2015-13.
Purpose of this Directive
This directive provides updated industry parameters and regional abandonment and reclamation costs used in calculating liability under the Licensee Liability Program, as provided for in Directive 006: Licensee Liability Rating (LLR) Program and Licence Transfer Process.