Energy (Oil & Gas) companies may be eligible for R&D tax credits for performing qualified research activities. For example, the following activities may be eligible for R&D tax credits:
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Performing technical research on drilling refining issues and solutions
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Developing new and/or improved electrical switching systems
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Developing new and/or improved laminated structures for use in the manufacture of photovoltaic cells
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Developing new and/or improved coiled tubing drilling technology
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Developing new and/or improved production optimization technology
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Developing new and/or improved auxiliary drilling equipment
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Developing and testing new and/or improved plug and abandonment solutions
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Developing and testing new and/or improved turnaround and shutdown services
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Developing new and/or improved containment systems
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Designing new and/or improved drills
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Designing new and/or improved test methodologies for high-capacity battery systems
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Designing new and/or improved thermal-efficient high-power transformers
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Designing new and/or improved distillation processes
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Designing new and/or improved reservoirs facilities
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Designing new and/or improved geological/geophysical interpretive methods
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Designing new and/or improved conversion and treating processes for drilling
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Designing new and/or improved generator, compressor, or process drilling modules
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Designing new and/or improved equipment skids
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Designing new and/or improved drilling jacket platforms for drilling wells in varied water depths and conditions (e.g. waves wind pressure, water streams and tides, corrosion, fatigue effect, fife cycle time)
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Designing new and/or improved helideck platforms or its ancillary features (e.g. lighting, refueling systems, friction / perimeter testing)
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Designing new and/or improved plant facility features and operations (e.g. pressurization, safety, chemical segregation, environmental / pollution control systems)
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Testing new and/or improved wastewater treatment solutions
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Testing and evaluation of fuel combustion during new or improved product / processes integration
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Testing pursuant to environmental and remediation regulatory requirements