A new Security Management Regulation has been approved to provide a performance-based and scalable approach to help companies evaluate and respond appropriately to security threats.
DATE ISSUED: Aug. 29, 2022
EFFECTIVE DATE: June 1, 2023
The BC Energy Regulator (Regulator) works to ensure energy resource activities are safely and effectively planned for and managed. To further this goal, the Regulator has approved a new Security Management Regulation which applies to all oil and gas activity permit holders regulated by the Regulator.
The regulation requires permit holders to comply with CSA Standard Z246.1 entitled “Security management for petroleum and natural gas industry systems” (Standard). The purpose of the Standard is to provide a performance-based and scalable approach to help companies evaluate and respond appropriately to security threats.
The regulation requires permit holders develop a Security Management Program to identify threats and risks on a continuing basis and manage them with appropriate mitigation and response measures. The regulation also requires permit holders to report security incidents and conduct training to ensure the program is up to date and responsive to current threats.
The Standard was developed by technical experts and has been adopted at the national level by the Canada Energy Regulator in relation to federally-regulated pipelines and oil and gas facilities.
The regulation will become effective June 1, 2023. This provides a transition period for permit holders to become familiar with the new requirements and take the necessary steps to develop a Security Management Program. The Regulator will also be providing further information and engagement opportunities in advance of the effective date, to support permit holders in meeting these new regulatory requirements.
If you have any questions regarding this Technical Update, please contact:
April Wynne-Chesniak
Director, Regulatory Strategy
BC Energy Regulator
250-980-6082