Formerly known as Penn West Petroleum Limited, the company redefined by formally changing to Obsidian Energy Limited in 2017.Obsidian Energy is an oil and gas producer with a tremendous portfolio of quality assets. Obsidian’s Oil and gas fields are situated in Alberta, an area globally known for its large petroleum reserves. The product is extracted from Pembina Cardium, Peace River oil sands, and Alberta Viking.
The company has a higher commitment towards ensuring minimum impacts of its operations to the environment. Obsidian Energy has a program which focuses on going past environmental regulations adhering to necessary site reclamation and abandonment Obsidian Energy’s sole mission towards the environment is to carry out its activities peacefully and responsibly emphasizing to the employees to address concerns from the area with diligence.
The company has the commitment to uphold the safety of its employees and contractors. This is made possible by instilling safety principles including safety policies and procedures, compliance with those policies and procedures and many others. Towards its commitment to safety, Obsidian Energy has an emergency response plan to counter any emergency related to its operations. The emergency plan also undertakes community awareness to enlighten the community how to respond in case of an emergency. Click Here For Related Article.
In the Alberta Viking, Obsidian Energy possesses a leading and ownership of the whole Esther area. The area has a combination of light-oil and gas plus shorter cycle wells to complement activities in Cardium. The Cardium is the pioneer of the foundation with high light oil production. Waterfloods increase the production and recovery rates in the Cardium. Peace River is a joint between Obsidian and China Investment Corporation. The venture has massive production of the precious commodity.
Mr. David L. French is the president and Chief Executive Officer of Obsidian Energy. He had previously served as the president of the Bankers Petroleum Association with its operations in Europe. Mr. French had led the tasks and growth of the business during the time he had served. Also, on the list of his management team includes David Hendry who is the Chief Financial Officer and many others.