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