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Research and Development Tax Incentives for the Oil & Gas Industry

Companies operating in the oil & gas industry may not realize that many of their activities may entitle them to generous
research and development (R&D) tax incentives. Oil & gas companies spend a considerable amount of time and effort
developing more efficient and effective ways to explore for oil and gas, produce it, transport it, and refine it; develop cleaner or more efficient fuels; and hundreds of other activities. This applies to the thousands of smaller companies that provide services and materials to the oil & gas industry, as well as the big oil companies. Many of these activities may not occur in traditional laboratories or settings usually thought of as “research.” However, these activities require time and money that may be captured as qualified research expenditures leading to significant tax benefits. If you think you have to be a large, public corporation developing new products and inventions to be conducting qualified activities as defined by the Internal Revenue Code, think again.

Let alliantgroup's oil & gas experts help you claim the credits that you deserve!

Examples of innovations eligible for R&D tax incentives include the following:

  • Offshore structure design with respect to:
    • Generator and compressor modules
    • Process modules
    • Quarters
    • Equipment skids
    • Jackets
    • Helidecks
  • Development and testing of plug and abandonment solutions
  • Development and testing of turnaround and shutdown services
  • Plant Design with respect to:
    • Pressurization
    • Safety
    • Chemical segregation
    • Environmental and pollution control systems
  • Waste water treatment solutions
  • Refining issues
  • Drill design and improvement
  • Containment systems
  • Fuel combustion testing
  • Environmental testing and remediation

alliantgroup's Energy Industry Specialization Team
In order to better serve the energy industry, alliantgroup, LP has developed an Industry Specialization Program that focuses on the qualification and quantification of R&D tax benefits for companies operating in the diverse areas that make up the energy industry, including oil & gas. alliantgroup's Energy Specialization Group employs individuals who have educational backgrounds and practical experience within the energy industry.

Case Studies
Snapshots: Oil & Gas Case Studies