On August 7, 2020, the Government of Alberta launched Period 4
of the Site Rehabilitation Program (SRP) and released further
details about the SRP, including information about the submission
process for abandonment work and Phase 1 Environment Site
Assessments (ESA), Indigenous company criteria, and further
guidance for interim invoice reporting.
As noted in our prior
blog post,
following update, and
discussions of Periods 2 and
3 of the Program, the SRP administers grant funding to eligible
oil field service contractors completing reclamation and
abandonment work in the province.
Summary of Period 4
Similar to Period 3, Period 4 will allocate $100 million in
funding and will remain open until March 31, 2021, or until
licensee funding has been completely allocated. Contractors may
complete reclamation and abandonment work up until December 31,
2022.
