MESSAGE FROM THE PRESIDENT
On August 5th, 2020, Minister Nixon announced that government of Alberta has approved providing $2 million in TIER funds to the PTAC Alberta Upstream Petroleum Research Fund (AUPRF) program. This program will allow Alberta’s oil and gas industry to continue developing cost-effective solutions that accurately detect methane emissions and to foster best practices that will propel us towards our ultimate goal of reducing methane emissions from oil and gas by 45%, an achievement that we are confident can also save industry $600 million per year.
Some of the new PTAC projects made possible through the TIER fund will build on our existing large-scale research projects, such as PTAC’s Fugitive Emissions Management Program Effectiveness Assessment, known as FEMP EA, and the Alberta Field Methane Challenge, which are both focused on methane leak detection, quantification, and repair. These new projects will further showcase the power of cooperation and collaboration between the Government of Alberta, the Alberta Energy Regulator, and industry.
For years, conventional wisdom has told us that we must choose between being green and being profitable – but PTAC has long believed we can, and should, do both. With this infusion of TIER funding, we will be able to do even more to create a responsible, sustainable oil and gas industry in Alberta.
In this issue we have also highlighted numerous projects that are being completed by our members in the Technology and AUPRF spaces. We are proud to see the progress of each of these projects which include: Energy UTM Drone Trials by AirMarket, the Series Five engine upgrade kit by Ember Resources and Ironline Compression, a woodland caribou habitat research project by fRI Research, a Best Management document for leaving Pads on Upland sites by InnoTech Alberta, and the relaunch of the Alberta Water Tool by Foundry Spatial.
– Soheil Asgarpour, President, PTAC
More information on TIER funding: