Life Cycle Approach

The Board's role in regulating offshore petroleum resources spans the full life-cycle of a potential project beginning with resource assessments and exploration through development, production and abandonment. The following diagram illustrates some of the Board's activities throughout this life-cycle.

RESOURCE ASSESSMENT

  • Geosciences Studies
  • Resource Assessments
  • Data Review
  • Information Dissemination
  • Geosciences Research Centre
  • Data Management Centre

EXPLORATION

  • Call for Bids process
  • Environmental assessments
  • Benefits Plan approval
  • Authorizations, e.g.:
  • Drilling program/wells
  • Geophysical and geological work
  • Compliance & Enforcement: health, safety, environment & industrial benefits
  • Reviewing significant discovery area applications
  • Rights administration
  • Environmental Effects Monitoring
  • Resource evaluation & conservation
  • Issuing licenses
  • Data collection, distribution & curation
  • Financial responsibility requirements
  • Incident repsonse
  • Emergency Management

DEVELOPMENT

  • Public review process
  • Environmental assessments
  • Benefits Plan and Development Plan approval
  • Authorizations, e.g.:
  • Drilling program/wells
  • geophysical and geological work
  • Hook-up and commissioning
  • Compliance & Enforcement: health, safety, environment & industrial benefits
  • Rights administration
  • Environmental Effects Monitoring
  • Issuing licenses: e.g. Production licenses
  • Data collection, distribution & curation
  • Financial responsibility requirements
  • Incident response
  • Emergency Management

PRODUCTION

  • Compliance & Enforcement: health, safety, environment & industrial benefits
  • Authorizations, e.g.: Production and operations
  • Resource evaluation and conservation
  • Rights administration
  • Environmental Effects Monitoring
  • Data collection, distribution & curation
  • Financial responsibility requirements
  • Incident response
  • Emergency Management

ABANDONMENT

  • Compliance & Enforcement: health, safety, environment & industrial benefits
  • Authorizations, e.g.: Production and operations
  • Resource evaluation and conservation
  • Rights administration
  • Environmental Effects Monitoring
  • Data collection, distribution & curation
  • Financial responsibility requirements
  • Incident response
  • Emergency Management