David Penton – Dapenco Inc. Principal and Measurement Matters Inc. Director
Would you like to avoid paying exorbitant costs for someone to handle your company’s EPAP requirements, working week after week in a back room? While cost-effective measurement accuracy is essential for reliable operating expense choices to optimize production, regulatory compliance should not cost more than the resulting value to improve measurement.
As you are no doubt aware, in 2016 these Saskatchewan regulatory requirements will come into effect:
PNG-017 Measurement Requirements for Oil and Gas Operations
PNG-028 Initiating and Operating the Enhanced Production Audit Program (EPAP)
PNG-076 Enhanced Production Audit Program (EPAP) (Existing)
R01 Reporting Requirements for Oil and Gas Operations
Although none of the new Directives promise accuracy by organizing EPAP controls, control evaluations or conclusions for annual declarations, value can be realized with the right approach.
Meetings and administration effort to document EPAP steps should not take your company’s focus off production targets.
From proven experience with annual declarations for more than 25 companies, Dapenco Inc. can prepare an annual EPAP Declaration for signing and provide a summary of findings and recommendations at a fraction of the cost and preparation time compared to other approaches.
Annual EPAP Declarations that have been submitted for Dapenco client companies have been approved by the AER in short timeframes year after year since 2011. Value is apparent as people apply a better understanding in a corporate measurement process. Additional benefits result by identifying cost savings from implementing regulatory exemptions.
I look forward to discussing how you can realize value with cost-effective compliance.
David Penton
Dapenco Inc.
david@dapenco.ca
403-869-7368