We have experience working with companies in the Oil & Gas industry, identifying suitable innovation funding and incentive solutions for their businesses.
There continues to be a challenge within the oil and gas sector to discover and extract energy in order to meet global energy demands. This challenge is further compounded by the decline in easily accessible oil reserves and the complexities associated with exploring resources in areas of limited accessibility. The primary driving forces behind research in this sector are centered around enhancing operational efficiency, ensuring safety improvements, and minimizing costs. These objectives must also account for the increasingly stringent environmental and safety standards in place.
Several pivotal areas of research have emerged, encompassing subsurface imaging, hydrocarbon production, the reuse of produced water, carbon capture and sequestration, well injection techniques, water management strategies, the implications of nanotechnology, subsea production methods, and the development of remote technologies tailored for deepwater facilities. Research and development claims have been substantiated for activities conducted during various project phases, spanning exploration, appraisal, development (including front-end engineering design (FEED), and production.
Expenditures may include wages, costs of third-party contractors (performing R&D in the EEA), materials, machinery, equipment, and overheads.
We possess the knowledge of what to include in your claims, the methods to use during the claiming process, and notably, the numerous traps to steer clear of. With our guidance, your company can confidently pursue robust, successful, and compliant R&D tax relief endeavours tailored to the Oil & Gas Industry.
Contact us today for further information: [email protected].
Dogpatch Labs,
The CHQ Building,
Custom House Quay,
Dublin 1, D01 Y6H7
Ireland
Office: +353 1 964 5325
Email: [email protected]