• R&D Tax Credit
    • R&D Tax Credit
    • What We Offer
    • Our Process
  • Industries We Service
    • Software & IT
    • Pharma & Medical Devices
    • Food & Beverage
    • Engineering & Manufacturing
    • Additional Industries
  • Success Stories
  • R&D Calculator
  • Our Team
  • Recent News
  • +353 1 653 0199
  • +353 86 319 4747
  • info@braithwaite.ie
Free Consultation
  • R&D Tax Credit
    • R&D Tax Credit
    • What We Offer
    • Our Process
  • Industries We Service
    • Software & IT
    • Pharma & Medical Devices
    • Food & Beverage
    • Engineering & Manufacturing
    • Additional Industries
  • Success Stories
  • R&D Calculator
  • Our Team
  • Recent News
Twitter
Linkedin
  • +353 1 653 0199
  • +353 86 319 4747
  • info@braithwaite.ie
Free Consultation
  • R&D Tax Credit
    • R&D Tax Credit
    • What We Offer
    • Our Process
  • Industries We Service
    • Software & IT
    • Pharma & Medical Devices
    • Food & Beverage
    • Engineering & Manufacturing
    • Additional Industries
  • Success Stories
  • R&D Calculator
  • Our Team
  • Recent News
Twitter
Linkedin

R&D Tax Credit | Oil & Gas

Oil & Gas

There is a continued challenge within the oil and gas sector to find and produce energy to meet global energy demands, whilst facing the challenges of easy oil decline and difficult to explore resources in areas of limited accessibility. The top three drivers of research are improving operational efficiency, improving safety and reducing costs. These must also take into consideration tighter environmental and safety standards.

Some key areas of research include subsurface imaging; hydrocarbon production and reusing produced water; carbon capture and sequestration; well injection; water management; implications of nanotechnology; subsea production and development of remote technology for deepwater facilities. R&D claims have been made for activities undertaken during the exploration, appraisal, development (including front end engineering design (FEED)), and production phases of a project.

Examples of Eligible R&D activities:

  • Developing technologies to optimise wellbore position;
  • Advancing extraction techniques e.g. fracturing technology;
  • Extending the operation of mature oil fields and aging reservoirs through development of new technology;
  • Developing new or improved detection method to identify and / or prevent cracking or corrosion o oil pipelines;
  • Extending processing techniques e.g. for lighter oils;
  • Developing new technologies to increase production yield and throughput of midstream and downstream processing plants;
  • Undertaking and interpreting geotechnical studies on a prospective site in challenging environmental location to enable design, development and construction of a new plant;
  • Developing tools for modelling and simulation of different fields in varying conditions over life;
  • Developing technology for autonomous underwater vehicles (AUVs) coupled with better imaging technologies to allow information on what’s going on near the seafloor to be seen by operators at the surface;
  • Developing software to improve interpretation and performance of reservoirs at exploratory and development stages.

Expenditures can include wages, third-party contractor cost (contractor performing R&D in EEA), materials, machinery, equipment, and overheads.

Get Innovation Funding Today

Engage our experts to optimise your R&D claim process, manage the compliance burden and reduce uncertainty
Contact Us

BRAITHWAITE

R&D Tax Credit
What We Offer
Our Process
Industries We Services
Success Stories
R&D Calculator
Our Team 
Recent News
Contact Us

IRELAND

28-32 Upper Pembroke Street
Dublin 2, D02 EK84
Office: +353 1 653 0199
Email: info@braithwaite.ie

UNITED KINGDOM

Innovation House
39 Mark Road, Hemel Hempstead
Herts, HP2 7DN
Office: +44 (0) 203 633 6819

GLOBAL HEADQUARTERS

906-2235 Sheppard Ave E
Toronto, ON M2J 5B5
Office: 1-416-499-2861
Email: info@braithwaite.ca
Fax: 1-416-499-8543
eFax: 1-437-889-0955

Twitter
Linkedin
© Braithwaite Technology Consultants Inc 2021. All rights reserved.

Privacy Policy | Data Protection Policy

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.