Leveraging an extensive database of Asset Retirement costs vs. Deemed Liability values, the experienced team of Vertex professionals can advise our clients on Asset End-of-Life best practices and generate custom retirement plans to maximize the bottom line. Our integrated team of downhole and surface facility engineers, decommissioning experts, community engagement teams, and environmental scientists can comprehensively view Liability and Asset Retirement Obligation costs and provide insight into End-of-Life sequencing to maximize value. Additionally, Vertex has the capability to assume End-of-Life assets from producing entities and self-perform closure activities.
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.
Related Services
- Capital Project Advisory
- Government Regulations & Funding
- Liability Due Diligence & Asset Retirement Advisory
- Research & Emerging Technology
