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:

  • Performing technical research on drilling refining issues and solutions

  • Developing new and/or improved electrical switching systems

  • Developing new and/or improved laminated structures for use in the manufacture of photovoltaic cells

  • Developing new and/or improved coiled tubing drilling technology

  • Developing new and/or improved production optimization technology

  • Developing new and/or improved auxiliary drilling equipment

  • Developing and testing new and/or improved plug and abandonment solutions

  • Developing and testing new and/or improved turnaround and shutdown services

  • Developing new and/or improved containment systems

  • Designing new and/or improved drills

  • Designing new and/or improved test methodologies for high-capacity battery systems

  • Designing new and/or improved thermal-efficient high-power transformers

  • Designing new and/or improved distillation processes

  • Designing new and/or improved reservoirs facilities 

  • Designing new and/or improved geological/geophysical interpretive methods

  • Designing new and/or improved conversion and treating processes for drilling

  • Designing new and/or improved generator, compressor, or process drilling modules

  • Designing new and/or improved equipment skids 

  • 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)

  • Designing new and/or improved helideck platforms or its ancillary features (e.g. lighting, refueling systems, friction / perimeter testing)

  • Designing new and/or improved plant facility features and operations (e.g. pressurization, safety, chemical segregation, environmental / pollution control systems)

  • Testing new and/or improved wastewater treatment solutions

  • Testing and evaluation of fuel combustion during new or improved product / processes integration 

  • Testing pursuant to environmental and remediation regulatory requirements

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