The primary challenge lay in modernizing the royalty framework to achieve the government's objectives while balancing the interests of stakeholders. The review required an in-depth analysis of the current royalty system's architecture and identification of changes that would optimize government objectives without compromising investment attractiveness. Additionally, assessing the economic impact of policy options on investment economics at both individual well and regional/project levels presented a significant challenge.

The economic modeling consulting services provided valuable insights into the potential impacts of policy options on investment economics within the jurisdiction. By developing flexible and reproducible economic models, the Ministry was equipped to assess various policy, development, and price scenarios against multiple economic metrics. The results of these models informed the Ministry's assessment of potential policy options, enabling transparent decision-making and public engagement. Additionally, engagement with industry stakeholders ensured that economic metrics used in the assessment were relevant to current corporate decision-making processes, enhancing the credibility and effectiveness of the review process. Ultimately, the economic assessment contributed to the modernization of the s royalty framework, aligning it with government objectives while maintaining investment attractiveness and promoting sustainable development in the province.