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From Obligation to Completion
Our personnel have over 30 years of experience retiring oilfield assets.
From wellsites to sour gas plants. We help companies understand their liability profile and make strategic decisions on the optimal set of inactive assets to retire.
Our deep understanding of the liability models used in Alberta, B.C. and Saskatchewan enables us to review a company’s liability portfolio holistically and identify the optimal set of inactive assets to retire to maximize return on investment.
Veracity Energy Services Offers a full suite of asset retirement services to manage and retire your inactive assets seamlessly and cost efficiently:
• Asset Retirement Obligation (ARO) evaluation and strategic management
• Well downhole abandonment and cut/cap
• Facility Decommissioning and surface equipment removal
• Pipeline Abandonment
• Remediation – removal of impacted soil, using the optimal technology. Pathway elimination and risk-based cleanup criteria derivation to ensure removal of only the material necessary
• Strategic Liability Management
• Area-based closure programs/ campaigns
• Abandonment programming
• Gas migration and surface casing vent flow testing and repair
• Regulatory submissions
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