LinkedIn RSS
December 2016
SuMoTuWeThFrSa
1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31
January 2017
SuMoTuWeThFrSa
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17
18
PASC Luncheon: January 18, 2017
Event Starts: January 18, 2017
Time: 11:30am - 1:00pm
Location: Calgary Petroleum Club (319 5th Avenue SW)

Update: Pad Site Sharing Agreement - Draft 2

Industry is drilling increasingly from shared well pads where wells or facilities are not held in common interests. This has created a need for an industry pad sharing agreement to manage both the shared surface rights and the related shared facilities serving the pad wells

How can the rights of the Operator and Joint Operators under the respective Joint Operating Agreements be balanced with the needs of the single padsite Operator?

In April 2016, a joint PJVA-CAPL task force released for industry comment, the first draft of a model well pad sharing agreement to strike such a balance for the typical pad site. The purpose of the agreement is to govern the construction and operation of the shared site and shared facilities, and also address the interrelationship between the pad sharing agreement and the land agreements that will continue to govern well activities. It brings clarity to, the issues of Operatorship, Ownership and conduct of padsite operations. An industry standard model will speed the process of creating shared well pad agreements, offer much greater certainty than exists today and offer parties the flexibility to customize for their own particular needs. The second draft of the model agreement was released for industry review and comment on Nov. 2, 2016.

Speakers:

Jim MacLean, Manager - Mineral Land Asset Management, Repsol Oil & Gas Canada Inc.
He has a diverse range of experience in conventional, unconventional and frontier projects, and has worked directly on a number of industry standardization and work process improvement initiatives.

He has been the principal draftsman of a number of industry documents, including: (i) the 1990 CAPL Operating Procedure and the 2007 and 2015 updates; (ii) the 1997 CAPL Farmout & Royalty Procedure and the 2015 update; and (iii) the 2000 CAPL Property Transfer Procedure and the pending 2017 update.

He is an instructor of several CAPL courses, a guest lecturer in the University of Calgary PLM program for many years and is a regular speaker at oil and gas industry meetings and conferences.

Michael Bruch, Joint Interest Representative/Team Lead, ConocoPhillips
Michael Bruch has been a Joint Interest Representative/Team Lead at ConocoPhillips since 2000. Prior to ConocoPhillips, Michael held a variety of engineering and other roles with Gulf, Crestar, Amoco, Dome and HBOG. He obtained a BSc in Electrical Engineering from the University of Calgary and is a member of APEGA and PJVA.

He has worked on several industry initiatives, including an Enform (PITS) Basic Oil & Gas Measurement Course committee, a CAPP GHG Reporting Guidelines sub-committee, and currently chairs the PJVA/CAPL task force to develop an industry model Pad Site Sharing Agreement.

Lorraine Grant, Joint Interest Representative, ConocoPhillips 
Lorraine Grant has been a Joint Interest Representative at ConocoPhillips Canada since the fall of 2011 (initially as a consultant and now as an employee). From 2006 to 2011, Lorraine was with Suncor Energy Services Inc., as Manager of Land and Joint Interest Contracts and Administration.    Prior to Suncor, Lorraine held Joint Interest and Mineral Land roles with a number of companies, including Lightning Energy, Canadian Hunter, and Amoco Canada Petroleum.   

She has worked on a number of industry committees, including Board of Directors for the CEAMS program; Board of Directors for the Alberta Association of Legal Assistants; BC e-payments Joint Vendor & Industry Committee; CAPL/PLM Mentoring Committee; CAPL/CAPLA Independent Operations Standardization Committee; CAPL Scholarship Trust Fund, CAPL Spring Ball; CAPL Annual Conference, Program Committee; and the PJVA/CAPL Pad Site Sharing Agreement.

Lorraine attended the University of Calgary and obtained a Bachelor of Arts and an Environmental Management Certificate.   She also has a Petroleum Land Management Certificate from Mount Royal College.   Lorraine is a member of PJVA, CAPL (P.Land), CAPLA and PASC.

D: Wednesday, January 18, 2017
T: 11:30 a.m. - 1:00 p.m.
L: Calgary Petroleum Club (319 5 Avenue SW)

PASC Members: $45.00 +GST
Nonmembers: $55.00 +GST
L: Calgary Petroleum Club (319 - 5th Avenue SW)
D: Wednesday, January 18, 2017
T: 11:30 a.m. - 1:00 p.m.

Lunch will be provided with a non-alcoholic beverage, and dessert.

19 20 21
22 23 24 25 26 27 28
29 30 31
February 2017
SuMoTuWeThFrSa
1 2 3 4
5 6 7
8
PJVA/PASC/CAPPA Joint Course: Product Measurement & Allocation, February 2017
Event Starts: February 8, 2017
Time: 7:30 am Breakfast & Registration; 8:00 am - 4:00 pm Seminar
Location: PJVA Office c/o A+ - #600, 900 - 6 Avenue SW
9 10 11
12 13
14
Course: Vendor Audit
Vendor Audit 1/2 Day Course
Event Starts: February 14, 2017
Time: Registration & Breakfast @ 7:30am; Course 8:00 am to 12:00 noon
Location: Calgary Petroleum Club

Vendor Audit
Format: ½ day (4 hours)

In this course you will learn the following:

1. Overview of the vendor / compliance audit activity
2. Risks in third party relationships
3. Benefits of audit
    a. Costs savings
    b. Processes improvement
    c. Risks mitigation
    d. Relationships building
4. Audit process
    a. Identification criterion
    b. Planning considerations
    c. Execution approach
    e. Reporting and follow up
5. Key areas of focus
    a. Contract Types
    b. Contract risks and risk assessment
    c. Audit approach
6. Typical overcharges and their root cause
7. Wrap up and summary of lessons learnt

Instructors:
Salman Yasin
Salman Yasin has over 19 years of experience in the Operational, Financial, and Compliance audits of all business segments that include Upstream, Downstream and Capital Projects of Oil and Gas industry.

Currently Mr. Yasin is working for Canadian Natural Resources Ltd. as a Supervisor Vendor, Audit and responsible to identify, plan, execute, facilitate and manage vendor audits in all business areas of the company.  Previously, he worked for PriceWaterhouseCoopers, Ernst Young LLP, and Enbridge Gas Distribution Ltd. at different positions."

Shahid Qureshi
Shahid has 20 years of experience in financial reporting, business process optimization, risk management and Information Technology Governance. Shahid is a Chartered Professional Accountant (CPA), a Certified General Account (CGA), a fellow member of Association of Chartered Certified Accountants (ACCA) and a Certified Information Systems Auditor (CISA). He is also a cost and management accountant (CMA) and a member of Chartered Secretaries and Managers. He holds a Master’s degree in Economics. Shahid has extensive international experience and has worked in Canada, Asia, Middle East, Far East, Europe, United States of America, United Kingdom, Caribbean and Africa as part of the senior management team at KPMG.

Shahid is currently the Vice Chairman of CPA (Chartered Professional Accountants) Calgary Chapter. He is the Deputy Chairman for ACCA (Chartered Association of Certified Accountants) Canada Committee and a member of ACCA international Council. Shahid is also the President of ISACA (Information Systems Audit and Control Association) Calgary.

Fee:
$300 +GST Members
$350 +GST Non-members

Location: PASC Office 600, 900 6 Avenue SW, Calgary 
Includes a continental breakfast from 7:30 am - 8:00 am

15
16
PASC/PJVA Joint Luncheon - February
Update: The First Days of the Alberta Carbon Levy
Event Starts: February 16, 2017
Time: 11:30 a.m. Registration & Lunch; 12:00 p.m. Presentation
Location: Calgary Petroleum Club (319 - 5th Avenue SW)

Update: The First Days of the Alberta Carbon Levy and Mitigating with Government Incentives for Oil and Gas Producers and Midstreamers.

Cost Cutting can work hand in hand with Government Incentives that help companies access credits for innovative processes that most O&G Companies access every day.

Speakers:

David Van Den Beld
PWC Partner National SR&ED Science Leader and other government incentives

Domenico Barrufaldi
PWC Partner, Tax / National Energy Tax Leader, Specializing in M&A, Corporate Finance & Restructuring.
 
David Crawford
PWC Senior Manager, Indirect Tax Services

Mel Wilson
Partner and National Leader, Sustainable Business Solutions at PWC Canada 

Cost:
Members $45.00 +GST
Special Rate $45.00 +GST for IIA
Student Rate $20.00 +GST
Nonmembers: $55.00 +GST
 
L: Calgary Petroleum Club (319 - 5th Avenue SW)
D: Thursday, February 16, 2017
T: 11:30 a.m. - 1:00 p.m.

Lunch will be provided with a non-alcoholic beverage, and dessert.

17 18
19 20 21 22 23 24 25
26 27 28

View All Events

What's New

Energy Fundamentals Certificate

The Petroleum Accountants Society of Canada is pleased to offer the Junior Energy Certificate program to connect new and prospective entrants with the industry. Delivered through a practical yet informative combination of luncheons, courses and seminars, this 20-25 hour commitment aims to impart foundational knowledge and emerging trends to participants, while concurrently exposing them to an industry association and its associated networking opportunities with the society’s members at various career levels.

More Info

July - 2017 CAPL Property Transfer Procedure

CAPL has distributed the material associated with the first industry draft of the 2017 CAPL Property Transfer Procedure and is requesting feedback by September 21st, 2016. Please send your organization’s comments in an electronic format to Jim MacLean jmaclean@repsol.com.

April - AG-19 Accounting for Shared Pad Site Costs

PASC is inviting anyone in the industry to please send review comments on the following document to info@petroleumaccountants.com. This PASC document is a companion document to the recently released PJVA/CAPL document: Pad Site Sharing Agreement (PSSA). See a copy of the PSSA here and send any comments on this document directly to the PJVA/CAPL contact.


News Archive


Events

January 18, 2017

PASC Luncheon: January 18, 2017
Event Starts: January 18, 2017
Time: 11:30am - 1:00pm
Location: Calgary Petroleum Club (319 5th Avenue SW)

Update: Pad Site Sharing Agreement - Draft 2

Industry is drilling increasingly from shared well pads where wells or facilities are not held in common interests. This has created a need for an industry pad sharing agreement to manage both the shared surface rights and the related shared facilities serving the pad wells

How can the rights of the Operator and Joint Operators under the respective Joint Operating Agreements be balanced with the needs of the single padsite Operator?

In April 2016, a joint PJVA-CAPL task force released for industry comment, the first draft of a model well pad sharing agreement to strike such a balance for the typical pad site. The purpose of the agreement is to govern the construction and operation of the shared site and shared facilities, and also address the interrelationship between the pad sharing agreement and the land agreements that will continue to govern well activities. It brings clarity to, the issues of Operatorship, Ownership and conduct of padsite operations. An industry standard model will speed the process of creating shared well pad agreements, offer much greater certainty than exists today and offer parties the flexibility to customize for their own particular needs. The second draft of the model agreement was released for industry review and comment on Nov. 2, 2016.

Speakers:

Jim MacLean, Manager - Mineral Land Asset Management, Repsol Oil & Gas Canada Inc.
He has a diverse range of experience in conventional, unconventional and frontier projects, and has worked directly on a number of industry standardization and work process improvement initiatives.

He has been the principal draftsman of a number of industry documents, including: (i) the 1990 CAPL Operating Procedure and the 2007 and 2015 updates; (ii) the 1997 CAPL Farmout & Royalty Procedure and the 2015 update; and (iii) the 2000 CAPL Property Transfer Procedure and the pending 2017 update.

He is an instructor of several CAPL courses, a guest lecturer in the University of Calgary PLM program for many years and is a regular speaker at oil and gas industry meetings and conferences.

Michael Bruch, Joint Interest Representative/Team Lead, ConocoPhillips
Michael Bruch has been a Joint Interest Representative/Team Lead at ConocoPhillips since 2000. Prior to ConocoPhillips, Michael held a variety of engineering and other roles with Gulf, Crestar, Amoco, Dome and HBOG. He obtained a BSc in Electrical Engineering from the University of Calgary and is a member of APEGA and PJVA.

He has worked on several industry initiatives, including an Enform (PITS) Basic Oil & Gas Measurement Course committee, a CAPP GHG Reporting Guidelines sub-committee, and currently chairs the PJVA/CAPL task force to develop an industry model Pad Site Sharing Agreement.

Lorraine Grant, Joint Interest Representative, ConocoPhillips 
Lorraine Grant has been a Joint Interest Representative at ConocoPhillips Canada since the fall of 2011 (initially as a consultant and now as an employee). From 2006 to 2011, Lorraine was with Suncor Energy Services Inc., as Manager of Land and Joint Interest Contracts and Administration.    Prior to Suncor, Lorraine held Joint Interest and Mineral Land roles with a number of companies, including Lightning Energy, Canadian Hunter, and Amoco Canada Petroleum.   

She has worked on a number of industry committees, including Board of Directors for the CEAMS program; Board of Directors for the Alberta Association of Legal Assistants; BC e-payments Joint Vendor & Industry Committee; CAPL/PLM Mentoring Committee; CAPL/CAPLA Independent Operations Standardization Committee; CAPL Scholarship Trust Fund, CAPL Spring Ball; CAPL Annual Conference, Program Committee; and the PJVA/CAPL Pad Site Sharing Agreement.

Lorraine attended the University of Calgary and obtained a Bachelor of Arts and an Environmental Management Certificate.   She also has a Petroleum Land Management Certificate from Mount Royal College.   Lorraine is a member of PJVA, CAPL (P.Land), CAPLA and PASC.

D: Wednesday, January 18, 2017
T: 11:30 a.m. - 1:00 p.m.
L: Calgary Petroleum Club (319 5 Avenue SW)

PASC Members: $45.00 +GST
Nonmembers: $55.00 +GST
L: Calgary Petroleum Club (319 - 5th Avenue SW)
D: Wednesday, January 18, 2017
T: 11:30 a.m. - 1:00 p.m.

Lunch will be provided with a non-alcoholic beverage, and dessert.

February 8, 2017

PJVA/PASC/CAPPA Joint Course: Product Measurement & Allocation, February 2017
Event Starts: February 8, 2017
Time: 7:30 am Breakfast & Registration; 8:00 am - 4:00 pm Seminar
Location: PJVA Office c/o A+ - #600, 900 - 6 Avenue SW