Aerial View Of An Oil & Gas Refinery ABGi USA branded background colors

Oil & Gas

 

Oil & Gas and the Research & Development Tax Credit

 

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

 

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

Natural Gas Pipe Across a Field
View of an Oil Platform in the Sea

Examples of Eligible R&D Activities

 

  • Designing and development of offshore structures and facilities, including modular and process piping designs.
  • Design and development of subsea structures, support systems and pipeline layouts.
  • Design and development of drilling systems including mud pump delivery and tank storage systems.
  • Design and development of oil refining and processing systems.
  • Development and evaluation of alternative solutions for wellhead plugging and abandonment.
  • Design, development and construction of secondary containment and spill prevention systems.
  • Development and evaluationn of alternative means and methods for construction or rehabilitation of existing structures.