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JUNE 2015 INVESTOR PRESENTATION – C-NLOPB

C-NLOPB · Jun 18, 2015 · 24 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. JUNE 2015 INVESTOR PRESENTATION – C-NLOPB – slide 1
    The View From The Regulator: 50 Oil and Beyond Scott Tessier, Chair and CEO June 18, 2015
  2. JUNE 2015 INVESTOR PRESENTATION – C-NLOPB – slide 2
    Safety Moment 2014/15 Local Industry Safety Performance 49 incidents involving damage or impairments to Safety or Environmentally Critical Equipment 49 helicopter occurrences 14 medevacs (mostly for non-occupational illnesses) 12…
  3. JUNE 2015 INVESTOR PRESENTATION – C-NLOPB – slide 3
    CNLOPB Videos You Tube and www.cnlopb.ca 3
  4. JUNE 2015 INVESTOR PRESENTATION – C-NLOPB – slide 4
    Legislative Improvements Governments, the two offshore boards and the National Energy Board worked together on two significant legislative initiatives: 1. Amendments to the Atlantic Accord Implementation Acts to include occupational…
  5. JUNE 2015 INVESTOR PRESENTATION – C-NLOPB – slide 5
    Occupational Health and Safety Atlantic Accord Amendments Part III.1 Occupational Health and Safety Came into force December 31, 2014, providing additional protection for the health, safety and well-being of offshore workers Create a…
  6. JUNE 2015 INVESTOR PRESENTATION – C-NLOPB – slide 6
    Energy, Safety and Security Act Federal and Provincial Equivalent (Bill 2) Focus on four main areas prevention, response, accountability and transparency The polluter pays principle has been enshrined in legislation Increased…
  7. JUNE 2015 INVESTOR PRESENTATION – C-NLOPB – slide 7
    Risks of Cost Cutting Industry is facing significant, market-driven price and cost pressures. Companies have reduced spending globally Our concern is potential for increased temptation to cut corners with respect to safety,…
  8. JUNE 2015 INVESTOR PRESENTATION – C-NLOPB – slide 8
    Asset Integrity Asset integrity is of concern for many regulatory agencies around the world Upcoming International Regulators Forum conference, October 19-20, 2015 in Washington, DC. Additional information will be available at…
  9. JUNE 2015 INVESTOR PRESENTATION – C-NLOPB – slide 9
    Improving Safety Prevention Prevention, while it is not cost free, is almost always cheaper than experiencing a catastrophe. The ability to maintain schedule without interruption, and the avoidance of crushing liabilities, are major…
  10. JUNE 2015 INVESTOR PRESENTATION – C-NLOPB – slide 10
    Information Sharing and Cooperation MOU between Norways PSA and C-NLOPB formalizes commitment to exchange information and to cooperate on matters of mutual interest Regulators across Canada and around the world are united in L -…
  11. JUNE 2015 INVESTOR PRESENTATION – C-NLOPB – slide 11
    5 Key Areas of Focus Offshore Safety Training and Competency Dropped Objects Information Sharing Asset Integrity Global Standards 11 8
  12. JUNE 2015 INVESTOR PRESENTATION – C-NLOPB – slide 12
    Dropped Objects Red line = rate per million person hours Number of dropped objects decreased in 2014, however, latest statistics show this number is on track to increase. A number of the latest incidents had a potential for…
  13. JUNE 2015 INVESTOR PRESENTATION – C-NLOPB – slide 13
    Sharing Lessons Learned Sharing Lessons Learned Helps Prevent Accidents and Improves Safety Culture 2014 C-NLOPB Safety Conference C-NLOPB Safety Forums 13
  14. JUNE 2015 INVESTOR PRESENTATION – C-NLOPB – slide 14
    Safer Offshore Helicopter Transportation Highlights of Safety Improvements Since Cougar 491 21 of 29 recommendations fully implemented A dedicated SAR service is in place with wheels up time of 15-20 minutes A First Response…
  15. JUNE 2015 INVESTOR PRESENTATION – C-NLOPB – slide 15
    Safer Drilling in Deep Water Updated Drilling and Production Guidelines Regulatory oversight of deep water drilling programs now includes: A dedicated regulatory oversight team within the C-NLOPB to oversee the Operators execution of…
  16. JUNE 2015 INVESTOR PRESENTATION – C-NLOPB – slide 16
    International Offshore Petroleum Environmental Regulators (IOPER) Collaborative group of regulators whose focus is to drive improvements to environmental performance in the global offshore petroleum and exploration industry Progress…
  17. JUNE 2015 INVESTOR PRESENTATION – C-NLOPB – slide 17
    Industrial Benefits Lower prices are no excuse to bypass the Atlantic Accords legislative requirements Local supply industry has matured considerably over the past 30 years or more To remain competitive, the local industry must meet…
  18. JUNE 2015 INVESTOR PRESENTATION – C-NLOPB – slide 18
    Benefits Agreement versus Benefits Plan Benefits Agreement A Benefits Agreement is between the Provincial Government and an Operator. It commits the Operator to undertake specific work in the province. Examples include: Graving Dock…
  19. JUNE 2015 INVESTOR PRESENTATION – C-NLOPB – slide 19
    Benefits Plan (Section 45) A Benefits Plan is a plan for the employment of Canadians and, in particular members of the labour force of the province; and for providing companies in the province and other parts of Canada with a full and…
  20. JUNE 2015 INVESTOR PRESENTATION – C-NLOPB – slide 20
    Offshore Exploration Activity 2014-15 2014 highest single season 2D seismic acquisition in 30 years. 2015 Programs 2D seismic programs EN and SEN 3D seismic programs LS and EN 4D seismic program JDA Controlled Source…
  21. JUNE 2015 INVESTOR PRESENTATION – C-NLOPB – slide 21
    Drilling and Production Activity 416 wells have been spudded since 1966, including 160 exploration wells 24 wells have been in deep water (500 metres) As of December 31, 2014, 1.52 billion barrels of oil have been produced from 4…
  22. JUNE 2015 INVESTOR PRESENTATION – C-NLOPB – slide 22
    Improved Scheduled Land Tenure System The new land tenure system has received favourable response from industry Seeing interest from several companies that do not currently have a presence in our Offshore Area Since its inception…
  23. JUNE 2015 INVESTOR PRESENTATION – C-NLOPB – slide 23
    Scheduled Land Tenure Summary 2015 - 9% under licence/CFB/sector 2017 - 20% under licence/CFB/sector For illustrative purposes 23
  24. JUNE 2015 INVESTOR PRESENTATION – C-NLOPB – slide 24
    Contact Us: Website: www.cnlopb.ca E-mail: informationcnlopb.ca Twitter: cnlopb 24 18

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