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Natural Gas Liquids
Liquids obtained during natural gas production, including ethane, propane, butanes and condensate.
About
The Canadian Association of Petroleum Producers (CAPP) is a non-partisan, research-based industry association that advocates on behalf of our member companies, large and small, that explore for, develop, and produce oil and natural gas throughout Canada. Our associate members provide a wide range of services that support the upstream industry.
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Offshore
In Canada’s offshore, a robust regulatory regime governs all offshore activity and offshore operators are committed to developing resources responsibly.
Abandonment
The process of changing a once active well (one that will no longer produce oil or natural gas), to a state where it can be left indefinitely. All equipment that was used to produce oil and gas is removed and work is completed on the well to ensure that it will not cause harm to […]
Accelerated capital cost allowance (CCA)
CCA is essentially a yearly deduction allowed by Revenue Canada (CRA) to expense a portion of an asset. For example if you a purchase a computer you are not allowed to expense it all in one year since the computer will likely last at least 3 years or longer. A useful life is assigned to […]