CanadaBuys #AB-2026-03009

AER to Award Consulting Contract to Marsh for Oil & Gas Closure Risk Assessment

This opportunity involves the Alberta Energy Regulator (AER), a Canadian provincial agency, announcing its intent to award a contract for a specialized risk assessment and implementation options study in the oil and gas sector. - Government Buyer: - Alberta Energy Regulator (AER), Calgary, Alberta - OEMs and Vendors: - Marsh (named as the uniquely qualified vendor) - Products/Services Requested: - Consulting services for risk analysis of closure financial instruments - Includes review of financial security options - Evaluation of non-traditional insurance funding mechanisms (e.g., captive insurance, reciprocals, member protection funds) - Development of a secure closure funding system to reduce long-term liabilities - Unique/Notable Requirements: - Marsh is selected due to prior work and expertise in risk protection and enterprise risk management - Focus on both traditional and innovative risk protection solutions - No specific products or part numbers; this is a consulting services contract - Place of Performance: - Alberta Energy Regulator office, Calgary, Alberta

Description

The Alberta Energy Regulator (AER) intends to enter into an agreement with Marsh to conduct a risk analysis of closure financial instruments for the oil and gas sector. This study aims to align with leading practices and develop a financially secure closure funding system that reduces long-term liability risk to Albertans while maintaining a viable energy sector. The work includes reviewing traditional and non-traditional financial security options, such as captive insurance and member protection funds, to enhance the current framework limited to Cash and Letter of Credit. Marsh is considered uniquely qualified due to their expertise in risk protection and enterprise risk management services.

View original listing