Maximizing Value Through Responsible Closure
Leveraging an extensive database of Asset Retirement costs compared to Deemed Liability values, Vertex advises clients on Asset End of Life best practices and develops custom retirement plans to help maximize value. Our data-driven approach provides clear insight into liability exposure and supports informed decision-making throughout the closure process.
Vertex’s integrated team of downhole and surface facility engineers, decommissioning specialists, environmental scientists, and community engagement professionals takes a comprehensive view of Asset Retirement Obligations. By evaluating technical, environmental, and regulatory considerations together, we provide guidance on End-of-Life sequencing to improve efficiency and reduce overall costs.
In addition to advisory services, Vertex has the capability to assume End-of-Life assets from producing entities and self-perform closure and decommissioning activities, offering clients a streamlined and fully integrated path to responsible asset retirement.
Case Studies
Reclamation of Exploration Wells
Objective
An oil and gas producer with operations in the oil sands region requested closure on over 400 oil sands exploration wells. Vertex and its Indigenous partner Acden were retained to assist in the management of the reclamation and assessment program. Vertex's role was to manage and execute all assessment and reclamation work in order to obtain regulatory closure on the sites.
