The AER said Sequoia owns licences for 2,300 wells, almost 200 facilities and nearly 700 pipeline segments. Last spring, the province announced it would lend $235 million to the association to speed up remediation of about 700 orphan wells over the next three years. The Orphan Well Association listed nearly 2,900 orphan wells awaiting abandonment or reclamation as of as of Feb. 28, along with 2,350 pipeline segments set for abandonment. (Reuters)The association listed nearly 2,900 orphan wells awaiting abandonment or reclamation as of as of Feb. 28, along with 2,350 pipeline segments set for abandonment. The AER also warned Sequoia's partners could be invited to bid to take over licences in which they hold an interest.

Source: CBC News March 08, 2018 18:59 UTC