ERC calculator petroleum and gas - Module 1 transcript

Watch the video Petroleum and gas ERC calculator training – Module 1 – Purpose and changes to learn the purpose of the calculator, some key definitions, and the major changes from the latest review.

Welcome to the training for the 2022 edition of the Estimated Rehabilitation Cost Calculator for petroleum and gas. This training course will take you through all aspects of the Calculator and consists of 13 modules, including four introductory modules, and nine worked examples. While these modules do go into some detail, they are generally designed to be an overview. So if at any time you need more information or specific instructions, please consult the user guide which is also available on the Business Queensland website, below the download for the Calculator.

Join me now for Module 1. This module will cover the purpose of the Calculator, some key definitions, and the major changes from the latest review.

The Calculator was designed to provide a tool to calculate the Estimated Rehabilitation Cost as required by the Environmental Protection Act 1994. It allows a consistent yet generic approach to calculating the Estimated Rehabilitation Cost for petroleum and gas activities. It is also used by the Queensland Government to estimate the full cost to decommission, rehabilitate, and close an operation. Here are some key definitions to be aware of while using the tool. Please pause this video as required and carefully read through the definitions.

Throughout 2021 and 2022 the Calculator underwent a major revision with some key changes being made. All macros have been removed to improve functionality and stability. Headers for each sheet have been decluttered by removing the user information and user comments, which are now located in the Information sheet, and the legend which can now be found on the Contents sheet. The Table of Values has been removed and incorporated into the Main sheet. This is because the Main sheet merely replicated the values and words in the Table of Values. Several User Input Sheets have been added for the following activities: Wells, LNG Plants, Water Storage defaults and Process Facilities defaults. Many of the sheets have also been redesigned to improve consistency between the spatial data supplied with ERC calculations and the ERC quantities.

User input tables have been added to the Process Facilities input sheet and Process Facilities User Build input sheet for Liquified Petroleum Facilities, Conventional Oil Facilities, and Conventional Gas Facilities. Assumptions, Information and user notes, and Subrates sheet have been added for reference to provide greater transparency for rate defaults and Calculator assumptions. A Waste Register has been added in order to itemise the quantities that are multiplied by the Waste Levy.

The range of rates available has been expanded for several groups including wells, tracks and roads, dams, and facilities. To improve consistency with the spatial data, area-based rates have also been expanded in addition to the per length or number of/category methods. Arid has been added as a land type, in addition to pasture and native, primarily to account for facilities where the land is desert, for example some operations in South West Queensland. All rates have been reviewed, updated, and made consistent across the mining and the petroleum and gas calculators.

Again for more information or specific instructions, please consult the User Guide, which is also available on the Business Queensland website, below the download for the Calculator. See you in the next module.

Watch the video: Module 1 – Purpose and changes.