NEB and GNWT Regulator of Oil and Gas Operations sign MoU

The Government of the Northwest Territories Regulator of Oil and Gas Operations (GNWT Regulator), Minister David Ramsay, and Peter Watson, CEO and Chair of the National Energy Board (NEB), signed a Memorandum of Understanding (MoU) on 27 July 2015.

“With the GNWT Regulator and the NEB each playing a role in regulating oil and gas activities in the NWT onshore, this MoU is an important step to ensuring that those roles are coordinated and that, as much as possible, there is a predictable regulatory regime across the territory,” said Minister Ramsay.

“This memorandum of understanding symbolises our shared commitment to regulatory excellence. The National Energy Board welcomes all opportunities to collaborate with other regulators to promote the best outcomes for Canadians,” added Watson.

The MoU reflects both regulators’ roles in regulating oil and gas operations in the Northwest Territories: the GNWT Regulator in the onshore Northwest Territories, excluding the Inuvialuit Settlement Region and federal areas, and the NEB in the Inuvialuit Settlement Region, federal areas, and the offshore.

The MoU signals the intent of both regulators to work together on projects that affect each of their jurisdictions and to keep each other apprised of proposed changes in legislation and policy that could result in differing regulatory requirements across the NWT.

The MoU can be accessed via the NEB website.

Adapted from press release by Rosalie Starling

Read the article online at: https://www.worldpipelines.com/business-news/31072015/neb-and-regulator-of-oil-and-gas-operations-sign-mou-1211/