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

Examples of Qualifying 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; and

Developing software applications for internal or external use.

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