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Ministry of Energy Mines and Responsible for Core Review

Net Profit Royalty Program

 

As mandated by the BC Energy Plan, the Net Profit Royalty Program intends to stimulate development of natural gas and oil resources by sharing the capital risk of successful developments and recognizing the long-lead times associated with these developments. The program is governed under the Net Profit Royalty Regulation, which came into effect in May, 2008.

 

The program is distinct from existing targeted royalty programs.  It will promote the development of resources which are unlikely to be otherwise developed by focusing on resources that are remote from existing infrastructure or are technically complex. Check this page regularly for updates.

 

NEW:    Net Profit Royalty Program Request for Applications (RFA# 01-2009)

 

             Issue Date:    January 7, 2009

             Close Date:    February 27, 2009

 

The Net Profit Royalty Program (NPRP) intends to stimulate development of high risk and high cost natural gas and oil resources in British Columbia that are not economic under other royalty programs.  The Ministry of Energy, Mines and Petroleum Resources (Ministry) is issuing the Request for Applications (RFA) from interested parties regarding projects that may be eligible for the NPRP.  The Ministry’s first RFA is requesting only projects which are Enhanced Oil/Gas Recovery or Shale Gas in the Horn River Basin.  Please refer to the RFA for further details of eligible applications.

 

Please visit this website regularly for any updates.

 

 

RFA APPENDICES

 

APPENDIX A – Worksheets and Additional Information:

If you are prompted for a password, please select "cancel" and you will be able to access the file.

APPENDIX B – Regulations and Orders:

ADDITIONAL INFORMATION:

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September, 2008

Net Profit Royalty Program Request for Information (RFI# 01-2008) ( 69KB)

Issue Date:   September 25, 2008
Close Date:   October 31, 2008

The British Columbia Ministry of Energy, Mines and Petroleum Resources is requesting information from interested parties regarding projects that may be eligible for the Net Profit Royalty Program (NPRP).  The NPRP intends to stimulate development of high risk and high cost natural gas and oil resources in British Columbia that are not economic under other royalty programs.  Note, this is not a formal Request for Applications.

 

RFI LINKS

RFI APPENDICES