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ARTICLE · 01 OCTOBER 2020

Wellsite Repurposing Projects: Part 1—Benefits And Advantages

Bennett Jones LLP
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This is the first in a two-part series on wellsite repurposing projects in the Canadian oilpatch. Part one provides background and context to the emergence of repurposing projects.

CanadaEnergy and Natural Resources

This is the first in a two-part series on wellsite repurposing projects in the Canadian oilpatch. Part one provides background and context to the emergence of repurposing projects. Part two will look at challenges, uncertainties and what's next for such projects.

An Abundance of Dormant Sites

Regulatory policies, maturing basins, volatile markets and the COVID-19 pandemic are just some of the factors contributing to the increase in inactive wells in the Western Canadian Sedimentary Basin. It is estimated that there are approximately 97,000 inactive wells in Alberta and 41,000 in Saskatchewan, and these numbers are expected to rise as many participants in the oil and gas industry struggle to maintain production and operations in the current environment.

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