Third and Final Phase of Inactive Well Program Gets $55M

The Government of Saskatchewan announced today that the Accelerated Site Closure Program (ASCP) has reached its final phase, with an additional $55 million in cash being made available to eligible companies.

As of November 30, 2021, firms had been awarded $316 million in contracts to hire Saskatchewan-based service workers for site closing activities. Regionally, financing for work packages distributed across the province's oil and gas producing regions includes the following:

• Estevan: $107 million

• Swift Current: $51 million

• Kindersley: $50 million

• Lloydminster: $108 million

For additional information, visit the Government of Saskatchewan's News and Media.

Blake Campbell

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