Posted by Nicholas Newman


QUATRE LTD ESMS (Exit Strategy Management Solutions) products and services PROVIDES NEW FUNDING and Environmental Liabilities SOLUTION FOR ALBERTA'S OIL & GAS WELLS, OIL SANDS, extractive Industries and environmental liabilities.

London, March 3 2017:  London-based company Quatre Ltd, has produced a new solution designed to fund the decommissioning of oil and gas fields and rehabilitation of other extractive industrial locations including mines. Quatre Ltd was originally set up to meet the needs of the oil and gas industry operating in the Gulf of Mexico and the North Sea. “The flexibility of the Quatre model means that it can just as easily be applied to decommissioning of oil and gas E&P operations and other extractive industries including oil sands mining in Alberta”, says Paul Jardine, Founder & CEO, Quatre Ltd.
Alberta's oil and gas exploration and production companies along with its government are facing the huge challenge of rehabilitating 1,400 abandoned wells.  The existing financial solutions available for paying towards the rehabilitation of Alberta's abandoned and inactive oil and gas wells are failing to meet requirements.  According to the Alberta Energy Regulator, the cost of rehabilitating inactive and abandoned oil and gas wells is estimated to have reached more than $30.6 billion (as of  October 2015) against its clean-up fund of only $240 million.
As a result, both the industry and the Province's taxpayers face a potential $29 billion clean-up bill if laws and policies remain unchanged.
“Quatre's ESMS range of solutions protects the public purse and enables clients to put aside funds for future decommissioning and rehabilitation”, says Paul Jardine. Quatre's solutions are crafted to meet the specific challenges facing both industry and government in funding the cost of decommissioning and rehabilitation, while also providing useful environmental and economic benefits.
Quatre Ltd provides its clients with the following solutions:
    The setting up of a Special Purpose Trust, designed to protect the public purse from decommissioning liabilities and ensure that economic recovery is maximized.
     Post Decommissioning/Reinstatement environmental liabilities
Quatre Ltd provides services and products that support the Financial Risk Management associated with the decommissioning of oil, gas and other extractive industry assets. Quatre's services and products allow industry to:
      Maximize economic recovery
      Manage post-decommissioning liability
      Protect the public purse
Paul Jardine, an oil and gas industry veteran founded Quatre Ltd, in 2013.  Quatre's integrated team of professionals, covering Insurance Brokerage, Investment Management, Legal, Taxation, Trust Management and E&P Operations, provides for the financial requirements associated with on- and off-shore decommissioning liabilities. Quatre is an Appointed Representative of Property Insurance Initiatives, regulated by the Financial Conduct Authority.

For more Information
Nicholas Newman
27 John Snow Place, Oxford, OX38BB, UK
Tel: +44-1865-762710
Mobile: 0758 0469 514 / Skype: oxfordprospect

New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

Visit source site

albertaDecommissioningwell abandonmentCanada

More items from nicholasnewman


A report by Nicholas Newman Many of Indonesia's oil and gas fields, both on and offshore, are coming to the end of their commercially viable operational lifespan. More than 60% of Indonesia's oil and more than 30% of gas production comes from late-life-cycle resources spread across the world's la ...

Nicholas Newman

Posted 11 months agoPress > IndonesiaDecommissioningSoutheast Asia +3


The National Audit Office (NAO) report Fracking for shale gas in England [i] demonstrates that it is still uncertain who pays for the cost of shale gas decommissioning if the operator becomes bankrupt. Fortunately for the taxpayer, London based firm Quatre Ltd provides a financial solution ...

Nicholas Newman

Posted 1 year agoPress > Environmental liabilitiesshale gas decommissioningUnited Kingdom +5

Packing-up Caudrilla is not the end of the decommissioning story.

The announcement of Cuadrilla Resources' closure of its Lancashire site [i]  this month is far from the end of the decommissioning story. There remain many North Sea oil and gas rigs due for closure and decommissioning over the next decades. As part of the decommissioning effort, every drill site ...

Nicholas Newman

Posted 1 year agoPress

Quatre Managed Legacy Funds Solution

London, May 3, 2018: London-based financial services company Quatre Ltd, has launched a new solution known as the  QUATRE MANAGED LEGACY FUNDS SOLUTION . It is designed to fund the decommissioning of oil and gas fields and rehabilitation of other extractive industrial locations including mines. ...

Nicholas Newman

Posted 2 years agoPress > DecommissioningFundingOil +6

Pushing the Boundaries of Decommissioning

By Nicholas Newman Today, the energy business is changing how it operates, whether drilling for oil and gas or generating electricity from the wind. This means acting in a sustainable and environmentally-responsible manner by applying corporate social responsibility princi ...

Nicholas Newman

Posted 2 years agoOpinion > BusinessDecommissioningcorporate social responsibilty +1
All posts from nicholasnewman