Liability Assessment & Management
Matrix offers a comprehensive range of environmental liability management and due diligence services for commercial and industrial applications. We customize our approach to the needs of each client to support you with assessing, managing, quantifying, or prioritizing assets and retirement obligations.
Our evaluations are underpinned by engineering and science principles and conducted by practitioners with extensive experience in environmental site assessments, risk management programs, and remediation and reclamation projects for routine to complex sites. We innovate to improve our efficiency and accuracy and draw on our expertise in statistics and multivariate analysis to provide highly reliable and defensible estimates.
Environmental liability and due diligence assessments are often conducted:
- As part of an acquisition/divestiture to support negotiation of terms for the deal.
- To satisfy assessment and reporting requirements under provincial licensee liability rating (LLR) programs and liability management frameworks (LMF).
- To track reduction of liabilities in response to ongoing remediation programs.
- To determine asset retirement obligations (AROs) in accordance with financial accounting standards.
Liability evaluations for due diligence requirements are often required within short timelines and there can be large amounts of empirical data to review to help inform the liability estimates. We take advantage of our capacity and scalability, along with in-house tools such as the Matrix Environmental Risk and Liability (MERL) model, to assign small to large teams of practitioners to the project, while ensuring a high degree of consistency and a quality output.
Environmental liability and due diligence assessments are often conducted:
- As part of an acquisition/divestiture to support negotiation of terms for the deal.
- To satisfy assessment and reporting requirements under provincial licensee liability rating (LLR) programs and liability management frameworks (LMF).
- To track reduction of liabilities in response to ongoing remediation programs.
- To determine asset retirement obligations (AROs) in accordance with financial accounting standards.
Liability evaluations for due diligence requirements are often required within short timelines and there can be large amounts of empirical data to review to help inform the liability estimates. We take advantage of our capacity and scalability, along with in-house tools such as the Matrix Environmental Risk and Liability (MERL) model, to assign small to large teams of practitioners to the project, while ensuring a high degree of consistency and a quality output.
Related Projects
Pre- and Post-Disturbance Water Well Testing and Assessment
To meet conditions of the National Energy Board approval for a pipeline expansion project, water wells within a 200 m proximity of blasting locations where required to be assessed before and after blasting activities. The purpose of the program was to complete testing and assessment of the water wells to establish baseline water quantity and quality information and to enable subsequent confirmation that the blasting activities associated with the project did not impact the wells
Well Site Reclamation Portfolio
A multinational energy company retained Matrix to provide reclamation services on a large portfolio of inactive oil and gas facilities in the Wainwright, Alberta area. The facilities have passed beyond their productive operating phase and Matrix is developing strategies to support the client with land reclamation and liability reduction by achieving regulatory closure for each site. The portfolio involves activities on 80 to 100 sites/year. Matrix has been assisting on this portfolio since 2010, including site closure activities from Phase 1 environmental site assessments to the submission of reclamation certificate applications.
Well Site Abandonment, Remediation and Reclamation Portfolio
An oil and gas producer with operations in southeast Saskatchewan and southwest Manitoba has been progressing a large-scale abandonment program of approximately 50 to 100 well sites annually. Matrix was retained to assist with the management of the abandonment and reclamation program. The goal is to reduce the producer’s environmental liability, return land to equivalent productivity, and achieve regulatory closure for the sites.