Acquisition Summary

Invoicing Timeline

As of calendar date January 31, 2025:

February 1, 2025 and forward service/activity date tickets/invoices (regardless of invoice date) to be directed to Ovintiv for payment.

January 31, 2025 and prior service/activity date tickets/invoices (regardless of invoice date) to be directed to Paramount for payment until calendar date May 31, 2025. After this date, invoices with service/activity dates between October 1, 2024 and January 31, 2025 to be directed to Ovintiv for payment. 

NOTE: For these assets both Paramount and Ovintiv will dispute invoices submitted to them which do not follow the outlined service/activity date Invoicing timeline.

Invoicing – Ovintiv

Ovintiv is using the Enverus Openlnvoice system.

• If you are currently using OpenInvoice and are submitting invoices to Ovintiv (for other properties) then you can start invoicing Ovintiv as per the ‘Invoicing Timeline’ for the acquired assets.
• If you are currently using OpenInvoice but do not have access to submit invoices to Ovintiv or are not an OpenInvoice user, you will need to be enabled or onboarded into OpenInvoice by contacting ap-openinvoice.support@ovintiv.com.

Please review Ovintiv’s OpenInvoice Billing requirements using this link: Ovintiv Supplier Requirements Guide.

Invoices submitted to Ovintiv for payment must include backup which references the buyer and buyer address as:

Ovintiv Canada ULC
500 Centre Steet SE
PO Box 2850
Calgary, AB, Canada T2P 2S5
T 403 645 2000

Payments

If you currently have Electronic Payment Instructions set up with Paramount, you will need to provide your banking information directly to Ovintiv to continue this service. Please complete this form and email to D365.ABVendorBanking@ovintiv.com with the required documentation ASAP.

Direct deposit forms will be processed as quickly as possible, but you may receive payments by cheque temporarily until these updates are complete.

Remittance Details can be provided to you. If you are being paid via electronic payment (EDI/Autowire) a valid email address is required. Please provide this email address to D365.ABVendorBanking@ovintiv.com. If you are being paid by cheque, remittance information will be included in the cheque detail.

Payment Timelines

You will notice different messages posted to the Invoice Journal section of your invoices in Openlnvoice as they are being processed and paid.

• When the invoice is approved for payment by Ovintiv, you will see a status of “Approved” in the journal.
• A status of “Payment Posted” will appear once the invoice has been exported into Ovintiv’s financial system. Please note this does not mean the invoice has been paid, and it may stay in this status for a few days if it has not yet aged to payment terms.
• A status of “Paid” will appear once the invoice has met terms and payment has been issued. Please note that our system calculates due dates based on the day the invoice was first submitted in Openlnvoice and the payment terms on your Ovintiv MSA or Vendor account. For example, with Net28 payment terms, an invoice submitted in Openlnvoice on August 9th would be due for payment on September 6th. If your invoices are submitted with an early payment term selected in Openlnvoice and the invoice is approved before the early-pay deadline, the due date will match the early-pay due date on the electronic invoice.

Service Agreements

To the extent that your company has an Ovintiv Master Service and Supply Agreement, please be advised that upon close it will supersede existing Master Agreements with Paramount Resources Ltd. for any services provided to Ovintiv on the now Ovintiv-owned Karr, Wapiti and Zama area assets, and will become the governing agreement for all ongoing and future services regarding same. A formal notification requiring acknowledgement will be provided to your company through ISNetworld. If your company will be providing ongoing services and does not have a Master Service and Supply Agreement with Ovintiv, the Ovintiv Supply Management Contracts team will reach out to you at its earliest convenience.

More information is available here: Prospective Suppliers – Ovintiv

If you currently have a fully executed Master Service and Supply Agreement with Ovintiv and are connected and compliant in ISNetworld, no further action is necessary.

PriceBooks

Our sourcing team will be evaluating any active PriceBooks and will reach out to you with further instructions. In the interim, if you have any PriceBook related inquiries, please email PriceBook.Support@ovintiv.com.

Field Ticketing

Depending on the area/type of work you may be required to use OpenTicket for ticket submissions. An Ovintiv contact person will notify you if you need to be onboarded to Ovintiv’s field ticketing system over the coming months.

Safety Requirements for Field Service Providers

If your company will be providing ongoing services to Ovintiv, and performs any of the following activities, you will be required to establish a connection to Ovintiv through ISNetworld to comply Ovintiv’s EH&S requirements.

• Your company is performing services onsite in the field.
• Your company hires subcontractors or third parties to perform work onsite in the field.
• Your company trucks/transports to field locations and/or loads or unloads deliverables.
• Your company is an air charter carrier performing field-based services (e.g., aerial photography).
• Your company installs tagged equipment (e.g., pumps, compressors, vessels).
• Your company installs bulk materials (e.g., pipe supply and install, concrete supply and placement).
• Your company is an Ovintiv-designated Vendor Managed Contractor (VMC).

Once you have been contacted by Ovintiv’s Supply Management Contracts team, you will be connected to Ovintiv’s Canada’s site. During this phase, you will have access to Ovintiv’s ISN scorecard, orientation, and other safety requirements and expectations. This is your opportunity to get a head start in fulfilling the necessary requirements. Ovintiv will populate your agreement data upon it being fully executed.

There will be a 90-day transition period to allow you time to fulfill the pre-qualification requirements. It is expected that by the end of the 90 days, you will have completed the scorecard requirements. Ovintiv requires service providers to maintain a “PASS” grade to be cleared for work. Ovintiv’s ISN grading criteria is available to you through your ISN account for you to monitor your progress and grade.

Once you have fulfilled the pre-qualification requirements, you will be connected to Ovintiv in ISN for the duration of your work tenure with Ovintiv.

ISNetworld Scorecard and Safety Expectations

1. A possible change in insurance requirements. Requirements will be available to you once a representative of your company acknowledges receipt and understanding of Ovintiv’s Service Provider Expectations Manual (SPEM) – available through your ISN Account or online at ovintiv.com/supply-chain-management/current-supplier/. It is the company’s responsibility to ensure that every worker conducting work on an Ovintiv location is familiar with the requirements of their organization and that those requirements meet or exceed our own set forth in SPEM.
2. Core safety program requirements: There are fifteen (15) required “core” safety programs that every service provider working for Ovintiv must have, regardless of the type of work. These expectations, along with other work-type specific expectations, are communicated through Ovintiv’s SPEM. (via your ISN Account).
3. Orientations and Training
   • The Energy Safety Canada Common Safety Orientation (CSO) is required to be completed by any individual working on Ovintiv locations prior to the start of work. This can be found online at energysafetycanada.com.
   • Ground Disturbance/Electrical Safety Orientation – these may be assigned to your company employees (through ISN) depending on responses in the questionnaire.
   • Additional training requirements are listed in SPEM.
4. Total Recordable Frequency Rating (safety statistical data) will need to be uploaded into ISN for the previous 3 years of service.
5. Drug and Alcohol Program requirements: Service providers are required to be enrolled and maintain compliance with a drug and alcohol program that meets or exceeds Ovintiv’s This can be accomplished by review requirement online at ovintiv.com/supply-chain-management/current-supplier/.

Listed below is contact information should you have any questions throughout this process.

• Accounts Payables/Open Invoice Support: ap-openinvoice.support@ovintiv.com
• Vendor Banking/Remittance email address: D365.ABVendorBanking@ovintiv.com
• Pricebook information: PriceBook.Support@ovintiv.com
• Insurance and Master Agreement Questions: contracts@ovintiv.com
• Scorecard, Orientation and Safety: spm@ovintiv.com
• ISN Technical Support: 800-976-1303