ELM Unlocks Over $200 Million in ARO Reduction for Its Client

ELM Unlocks Over $200 Million in ARO Reduction for Its Client

ELM Inc. recently conducted a very successful complete asset assessment and environmental liability review of a large multinational oil and gas company’s Canadian portfolio. Through a collaborative effort with our client, ELM delivered a full liability management assessment and ARO reduction plan leading to the following successes:

  • Immediate reduction of recognized ARO of more than $200 million
  • Optimized ARO reduction plan for future closure work
  • Identification of significant operational cost reduction opportunities
  • Supported annual stewardship for Directors regarding ARO Management and ESG requirements
  • Mitigation of future environmental risk

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Our Clients Say...

COMPETITIVE, CAPABLE, AND EXPERIENCED