Directive 088: Licensee Life-Cycle Management
Effective date: April 9, 2024
Replaces the previous edition released on February 13, 2023
Released with Bulletin 2024-11.
Purpose of this Directive
This directive:
- introduces a holistic assessment of a licensee’s capabilities and performance across the energy development life cycle, which will be supported by the licensee capability assessment (LCA);
- introduces the Licensee Management Program, which determines how licensees will be managed throughout the energy development life cycle;
- introduces the Inventory Reduction Program, which includes closure quotas and closure nomination;
- updates application requirements related to the licence transfer process; and
- describes security collection under this directive.
It outlines how information, particularly financial, reserves, closure, and compliance information, will be used to enable the AER to assess the capabilities of licensees to meet their regulatory and liability obligations throughout the energy development life cycle; administer our liability management programs; and ensure the safe, orderly, and environmentally responsible development of energy resources in Alberta throughout their life cycle.
Attachments