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"Enhanced Oil Recovery Royalty Regulation "

Enhanced Oil Recovery Royalty Regulation

This regulation is made under the Mines and Minerals Act to promote the additional recovery of crude oil through the injection of fluids such as hydrocarbons, carbon dioxide, nitrogen, chemicals or other approved substances. Recovery is incentivized by reducing the amount of Crown royalty due on crude oil produced using enhanced recovery methods for up to 120 months. The regulation applies only to crude oil obtained on or after January 1, 2014 and on or before December 31, 2026.
 
    Chapter/Regulation: 156/2014
    Status: Office Consolidation
    Related Act
    Ministry Responsible: Energy
    Current to 212/2016
    Item/ISBN#: 9780779794522
    Regulation-Making Authority: Order In Council
    Pages 20
    View PDFView PDF
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