Merx #AB-2026-03009

Risk Analysis Services for Oil and Gas Closure Financial Instruments – Alberta Energy Regulator

The Alberta Energy Regulator (AER) is seeking specialized risk analysis services for closure financial instruments in the oil and gas sector. - Government Buyer: - Alberta Energy Regulator (AER) - OEMs and Vendors: - Marsh (highlighted as the uniquely qualified vendor) - Products/Services Requested: - Risk analysis of closure financial instruments for the oil and gas sector - Objective: Develop an asset-attached, financially secure closure funding system to reduce long-term liability risk and support a viable energy sector - Evaluation of both traditional and non-traditional risk protection and insurance funding options - Unique or Notable Requirements: - Marsh is identified as the only vendor with the required expertise in risk protection, insurance funding, and enterprise risk management - No physical products are being procured; the requirement is for specialized consulting and analysis services - Place of Performance: - Alberta, Canada

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. The study aims to develop an asset-attached, financially secure closure funding system that reduces long-term liability risk while maintaining a viable energy sector. The current financial security framework is limited to Cash and Letter of Credit, which restricts capital and operator participation. Marsh is selected for their expertise in risk protection, insurance funding options, and enterprise risk management.

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