11/10/2003 - The Internet-based Petroleum Registry of Alberta marks a successful first year of operations this month. The Registry went live, on time and under budget, in October 2002. The Registry is the result of an unprecedented public and private sector strategic initiative between the Alberta Ministry of Energy (the Department of Energy and the Energy and Utilities Board), the Canadian Association of Petroleum Producers, and the Small Explorers and Producers Association of Canada.
The Registry meets stakeholder expectations by providing a stable environment that brings a new level of e-business based efficiency to the up-steam oil & gas industry and the Ministry of Energy. Immediate benefits of this system include providing stakeholders with a single, authoritative source of secure, valid, standardized, shareable, and timely petroleum-related information.
"The leading-edge information management that stems from Alberta's petroleum registry is another example of the Alberta Advantage at work," said Energy Minister Murray Smith. "The Registry allows the oil and gas industry to be more competitive in the global marketplace, enhances decision-making capabilities government and industry, and leads to greater efficiencies for both."
Implementation of the Registry ended dual reporting by industry to the Department of Energy for royalty calculation and to the Energy and Utilities Board for regulatory information. The Registry minimizes incorrect reporting, and simplifies industry-to-industry, government-to-industry and government-to-government information sharing and reporting.
"Our industry is excited about the savings and reduction in overlap and duplication that is a result of the Registry," said Pierre Alvarez, President of Canadian Association of Petroleum Producers. "It is a great example of how industry and government co-operation can lead to benefits for both."
The success of the Registry will continue into the future as all three Registry stakeholders have given the green light to fund and develop new Registry functionality and numerous jurisdictions and organizations have expressed a keen interest in becoming part of the Registry. To learn more about the Petroleum Registry, visit its web site at: www.petroleumregistry.gov.ab.ca
The Ministry of Energy commenced development of the Petroleum Registry of Alberta in the spring of 1999 to implement the information management recommendations of the Royalty and Related Information Review task force.
As part of its recommendations, the task force proposed streamlining the capture of upstream production and processing data. It also recommended developing a registry containing key oil and gas information accessible and shareable by the ministry and industry.
The Registry provides a single source of production and processing data for industry partners, the Department of Energy and the Alberta Energy and Utilities Board. This information is accessible to authorized stakeholders and their information systems.
The current scope of the Registry project includes:
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