The government of Quebec confirmed the coming into force of the Petroleum Resources Act (PRA) and published the final version of the related regulations. The PRA and related regulations will govern the development of the oil and gas resources in Quebec as of 20 September.
While the PRA provides significant opportunities to balance environmental protection, human safety, and the aim of unlocking its oil and gas potential for the economic benefit of the province, the PRA regulations contain a complex and restrictive framework for oil and gas development and related activities in Quebec. It is likely that the framework will have a negative effect on a number of oil and gas development projects in the province. A majority of the most restrictive provisions were introduced in amended draft regulations published in June 2018.
Several other aspects of the PRA framework may pose significant challenges for the development of oil and gas resources in the province. Only time will tell whether the new framework will hinder or spur the development of the province's resources in a meaningful way.
Read the full story here.
Don't miss our latest HSE content, delivered to your inbox twice monthly. Sign up for the HSE Now newsletter. If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.
9 - 11 Mar 2020
- Muscat, Oman
Shaping the Future of the Energy Industry.
23 - 24 Mar 2020
- Beirut, Lebanon
Join peers and colleagues at this premier event
22 Apr 2020
- Bergen, Norway
The SPE Norway Subsurface Conference brings together the E&P industry to expand industry technical knowledge, connect with innovators and leaders and address technical challenges facing upstream oil and gas professionals.
18 - 19 Mar 2020
- Calgary, Alberta, Canada
Expand your technical knowledge and grow your network at this co-located conference
Expand your technical knowledge and grow your network at this co-located event
17 Mar 2020
- Calgary, Alberta, Canada
In this course, discover the field applications of machine learning with a focus on reservoir characterization, production analysis and prediction, and recovery enhancement.
20 Mar 2020
- Bogotá, Colombia
This course provides a fundamental understanding of process safety techniques and how applying these techniques can improve safety, equipment reliability, environmental performance and reduce overall costs.
HSE Now is a source for news and technical information affecting the health, safety, security, environment, and social responsibility discipline of the upstream oil and gas industry.
©2003-2020 Society of Petroleum Engineers, All Rights Reserved.