From the Archive:
Regulatory Intelligence
Does every D058 component need financial security?
Category:
Liability and Security
Research Basis
Archive Period
2015-2023
Records Reviewed
10
Primary Topics
financial security; component approvals; first-party waste; liability assessment
Current Reference
AER Directive 058; AER Manual 034; AER Directive 001
Common Question
Does every D058 component need financial security?
Archive Findings
No. Historical records indicate that if the waste facility is approved as a component on an existing Directive 056 licensed site and only accepts first-party waste from the same production system, financial security would not likely be required.
Financial security is typically not required for oilfield waste management components.
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Engineering Insight
Do not skip the liability check, but do not assume a full facility security package is required. Identify whether the proposal is a component or standalone facility and whether waste is first-party or third-party.
Current Guidance
Use Directive 058 and Manual 034 for the component/facility distinction. Use current AER liability guidance, including Directive 001, for any site-specific liability assessment requirements.
Related Regulatory Insights
Historical newsletter insights that reference the same directive, manual, rule or regulatory requirement.