Penalties from oil and gas reporting errors

Facility operators, royalty taxpayers, and oil purchasers may be subject to penalties and interest if they do not meet their reporting requirements.

Learn more about the Petrinex reporting errors that can lead to penalties. Correcting an error before the deadline can prevent penalties.

There is no maximum penalty amount for recurring penalties.

Types of penalties

Late reporting penalties

A $500 monthly penalty:

• Applies to those that do not file complete information by the due date, in the required format
• May be applied every month until the data that created the error message is completed or corrected

Penalties for information discrepancies

A $100 penalty applies to each discrepancy in information submitted that is not corrected by the due date. These penalties may be issued in one of the following ways:

• One time only for the production month the reporting error occurred
• On a recurring basis every month after the penalty is first invoiced until the reporting error for the production month is corrected

Other penalties

Gas sale invoices and purchase errors reported through the Ministry of Energy, Mines and Low Carbon Innovation are subject to a penalty of $500 per month, per instance.

Penalties may also apply if you do not comply with audit requests for information.

Note: Penalties for reporting errors in production months prior to the introduction of Petrinex have different penalty rules. Learn about penalties on production months before October 2018.

Penalty billing

Penalty assessments are billed on or about the 23rd day of the calendar month, two months following production, and are due on the last day of the month the invoice is issued.

Your PDF invoice will be delivered to eTaxBC. You can also find your PDF invoices and CSV invoices in the Ministry Invoice & Statements section of the Petrinex website. Learn more about how to read your invoice.

Compound interest is calculated on unpaid penalties from their due date.