Award
Alberta Purchasing #554-NPP
554-NPP Risk Assessment and Implementation Options – Study
Recipient
Marsh Canada Limited
Award Amount
$150,000.00
Ceiling
$150,000.00
Awarded
April 27, 2026
Identifier
554-NPP
The Alberta Energy Regulator (AER) awarded Marsh Canada Limited a service agreement for completing a risk analysis of closure financial instruments for the oil and gas sector, with a total contract value of $150,000. The contract aims to evaluate and improve the security options related to financial security for oil and gas sector closure funding, including traditional and non-traditional risk protection methods. The work builds on a prior review conducted by Marsh and seeks to develop a more secure, asset-attached closure funding system that reduces long-term liabilities while supporting sector viability. The contract includes an initial one-year term with an option for a second year, and is managed directly by the AER.
Description
Service Agreement 554-NPP for completing a risk analysis of closure financial instruments for the oil and gas sector that aligns with leading practices.