Operators are required to meet certain regulatory requirements before the Board can approve offshore petroleum related activities. The regulatory framework which governs offshore petroleum operations consists of the Accord Acts, its regulations, and Board guidelines and policies. The Board is also a Federal Authority under the Canadian Environmental Assessment Act (CEAA) and follows the environmental assessment process outlined in the CEAA. The Board's regulatory regime is based upon federal legislative models and regulations developed in consultation with other petroleum regulators in Canada and abroad. The regime is also very similar to that which exists in the Newfoundland and Labrador offshore area.
