How long will my application take to be approved?

How can I get quicker approval?

How long before I can capture the value locked behind an AER approval? Will it take a month or a year?

When you apply, you need your application approved -- duh. What's the use of a refused application? Why pay for such a travesty?

But did you know that some months up to 50% of applications are refused by the regulator? Knowing what made the regulator refuse their applications will help you make sure your's is approved.

You need it approved, and you need it approved quickly so you can unlock more value:

• drill wells,
• dispose water,
• maintain pressure,
• install pipelines,
• build facilities,
• handle oilfield waste.

The longer you wait on approval, the less cash flow you have in the fiscal year.

Fourteen months for approval

One operator has now been waiting 14 months for his waste facility application to be approved. That's much longer approval than most applications. On average they have recently been approved in 1.2 months.

Do you want to see what's taking his application so long? Get his application through our self-serve portal.

How long will it take?

You ask questions like:

How long will my application take to be approved?

How long before I can capture the value locked behind an AER approval?

Will it take a month or a year?

Is regulatory approval on the critical path of my project?

AppIntel is the only source of approval statistics. In AppIntel you can see how approval times are changing.

Would it be helpful to know that ER Schemes are taking 2 months longer for approval than they were last year?

For every month you wait on a critical path approval, you lose 1% of your projects NPV depending on your discount rate. If your project takes 48 months to approve (like one recent operator) you have lost 48% of your NAV.

How can I get quicker approval?

You ask:

What makes the AER approve applications quicker?

What makes the AER approve applications slower?

Reading recent slow applications helps you learn what makes slower approvals. But how do you find slow applications? In AppIntel, it takes only two clicks to find the slow ones in your application type.

How do I make sure the AER does not refuse my application?

You ask: What makes the AER refuse applications? How has this changed since my last application?

Imagine the shock when almost half of the well drilling licence applications were refused last August. Will this affect well licence applications in the future? Yes it will. This shows that NALA is becoming a real force to deal with. It will soon affect your well licence approvals.

And oil companies have lost over $345 million in closed applications. How much has your company lost?

Only AppIntel allows you to see which applications are held up. Only AppIntel helps you read the correspondence between the regulator and operators of slow and refused applications.

No, your application service provider doesn't know how long it will take.

Unless your service provider is Proven Reserves. None of the others have AppIntel. When these guess how long your application will take, it's just a guess. And we've heard guesses that are way out to lunch.

If a service provider knew knew how long applications will take, they would have the top quartile approval times. But here's the application services with worst approval time performance -- is your favorite service provider among them?

Worst ten services for application approval times in 2016

• NL Fisher Supervision and Engineering Ltd.
• Schlumberger Canada Limited
• Keystone Field Engineering Inc.
• Gemini Engineering Limited
• Otc Consulting Inc.
• Benoit Regulatory
• Vzfox Canada Ltd.
• Aqua Terra Water Management Inc.
• The Barlon Engineering Group Ltd.
• Wellsite Environmental Inc.

Worst five services for application refusals in 2016

• Benoit Regulatory
• Vzfox Canada Ltd.
• 840586 Alberta Ltd.
• The Barlon Engineering Group Ltd.
• CCI INC.

Tags: AER application, Closure, Facilities

Granger Low  8 Dec 2016

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