Oil & Gas

The oil and gas industry continues to perform activities related to research and development and should undoubtedly take advantage of the R&D Tax Relief.

oil and petrochemical rig at sea

Whether a company is developing a subsea system, or working to improve development processes, it may qualify for this incentive.

Examples of areas where qualifying R&D activities could exist

  • Designing and developing offshore and subsea structures;
  • Producing a design for refining oil and gas materials;
  • Constructing water treatment plants and systems to treat wastewater;
  • Creating the optimal solution for plugging and abandoning a wellhead; and
  • Developing software applications for internal or external use.

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