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Alberta Online Encyclopedia
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OtherThere are other elements to exploration for hydrocarbons that concern regulations and licenses. To gain approval for any explorations, trained and committed members of the team have to work every angle. Obtaining a government license for access to the land or acquiring surface rights is the next step. Surface access agreements must be made to conduct seismic surveys, well sites, access roads, and pipelines. Provincial and federal governments own the mineral rights under most of the land in the sedimentary basin. Also required is an environmental assessment for all offshore explorations to determine what, if any, impact the exploration will have. If the rights are held by a non-government group or individual (freeholders), the agents have to negotiate an agreement. The company submits a bid to the holders of the land, in the hopes that they are the highest bidder. Whether or not it is a freeholder or government, the owner of the mineral right has to receive royalties, which refers to a share of any future production revenue. In many cases open forums will be held to consult people living in the area, environmental groups, Aboriginal communities, and other interest groups. The National Energy Board also has to give consent for many projects. The board holds public forums for the company to present to a broad public audience.

 

 

 

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