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.

Examples of Eligible R&D Activities

 

  • 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
  • Developing software applications for internal or external use