SOURCE: Nevin Fischer Energy Services

Nevin Fischer Energy Services

SOURCE: International Resource Management

International Resource Management

SOURCE: Matrix Solutions Inc.

Matrix Solutions Inc.

October 08, 2014 06:00 ET

A Partnership of Professional Resources to Bring Companies Into Compliance With Regulatory Programs

CALGARY, AB--(Marketwired - October 08, 2014) - Niven Fischer Energy Services Inc. (Niven Fischer), International Resource Management (IRM) and Matrix Solutions Inc. (Matrix) today announced their unique partnership to help oil and gas companies manage wellsite compliance and liabilities.

The partnership provides turnkey asset liability management solutions to help keep Alberta's oil and gas producers in compliance with the changes the Alberta Energy Regulator has made to two regulatory programs -- the Licensee Liability Rating (LLR) Program and the Inactive Well Compliance (IWC) Program. The last phase of LLR Program changes goes into effect May 2015 and the IWC Program goes into effect April 2015.

In speaking on behalf of the partnership, Randy Green, Managing Principal at Niven Fischer said, "Changes to the LLR Program force companies to recognize increased abandonment and reclamation costs and deal with liability obligations in a timely manner. The IWC Program forces operators to deal with wells that are not compliant with Directive 13 over five years. Our partnership can assist client companies with building a liability management plan under the new rules and executing on that plan in an efficient and cost effective manner. Our integrated project management and collaborative approach allows client companies the benefit of maintaining strict controls over budgets and operational priorities on the asset liability side, while keeping internal resources focused on adding shareholder value." 

Each of the partners brings distinct services to the program: Niven Fischer provides expertise in project management, strategy and asset optimization; IRM provides efficient downhole programming and field operations, and Matrix is expert in all aspects of environmental assessment, remediation and reclamation.

Niven Fischer Energy Services Inc., a private Canadian corporation headquartered in Calgary, Canada, is a technically focused energy consulting firm dedicated to providing value-added technical, advisory and administrative support to participants in the upstream oil and gas industry.

International Resource Management, a private Canadian corporation formed in 1994, provides engineering, supervision, and project management services to the upstream oil and gas sector.

Matrix Solutions Inc. is a Canadian and employee-owned multi-service environmental and engineering consulting company providing scientifically sound, innovative and pragmatic solutions to clients domestically and internationally. Our team of over 650 professional, technical and administrative personnel is strategically located across Canada.

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