Alberta Energy Regulator and BC Oil and Gas Commission Form Partnership

CALGARY, ALBERTA--(Marketwired - May 15, 2014) - The Alberta Energy Regulator (AER) and the BC Oil and Gas Commission (BCOGC) have signed a memorandum of understanding to form a strategic partnership to enhance energy resource regulation in both Alberta and British Columbia.

Building on a strong relationship, the AER and BCOGC will explore opportunities to share information and best practices and support the development of Canadian technical standards. Bringing the two organizations closer together will help manage the safe and efficient development of Alberta and British Columbia's oil and gas resources for years to come.

"There is tremendous opportunity and responsibility tied to Alberta and British Columbia's oil and gas development," commented Alberta Energy Minister Diana McQueen. "It just makes sense to use the combined strength of two established regulators to help oversee it. The Alberta Government fully supports this partnership."

Highlights of the partnership include establishing a notification process and coordinated response if incidents occur near the Alberta/British Columbia border. The AER and BCOGC will also compare results from industry inspections to enhance compliance efforts and accuracy.

"Working with our provincial partners is an important part of the regulatory process," added AER CEO and President Jim Ellis. "The AER is extremely proud to work hand-in-hand with the BC Oil and Gas Commission. By learning from each other and communicating openly, we can improve procedures, address issues faster, and maximize research efforts."

About the AER:

The Alberta Energy Regulator ensures the safe, efficient, orderly, and environmentally responsible development of hydrocarbon resources over their entire life cycle. This includes allocating and conserving water resources, managing public lands, and protecting the environment while providing economic benefits for all Albertans.

About the BCOGC:

The BC Oil and Gas Commission is the provincial regulatory agency with responsibilities for regulating oil and gas activities in British Columbia, including exploration, development, pipeline transportation and reclamation. The Commission's core services include reviewing and assessing applications for industry activity, consulting with First Nations, cooperating with partner agencies, and ensuring industry complies with provincial legislation and all regulatory requirements.

For Broadcast Use:

The Alberta Energy Regulator (AER) and the BC Oil and Gas Commission (BCOGC) have signed a memorandum of understanding to form a strategic partnership to enhance energy resource regulation in both Alberta and British Columbia. Building on a strong relationship, the AER and BCOGC will explore opportunities to share information and best practices, and support the development of Canadian technical standards.