Oil and gas industry

We work closely with key Oil & Gas organisations

The R&D Tax Credits scheme allows businesses in the oil & gas industry to reduce their corporate tax bill or receive a tax refund based on a proportion of their R&D expenditure.The scheme can be used by any limited company that is liable for corporation tax in the UK and meets the necessary R&D criteria; it can even be used on unsuccessful projects.The work that qualifies for R&D tax relief must be part of a specific project which aims to make an advance in its field.

If you are developing a new process, a new product or service, or perhaps even improving an existing one, R&D Tax Credits provide an often vital cash injection for businesses. Since 2010, we have helped thousands of clients successfully claim more than £1 billion in R&D tax relief.

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    R&D in the oil and gas industry

    • Appreciable enhancements to the electrical control infrastructure of a launch and recovery system, with extensive system integration to the auxiliary features of an offshore support vessel;
    • Development of novel installation methodology for a first-of-kind subsea energy storage and remote power generation system;
    • Appreciable improvement to the accuracy and safety of existing underwater abrasive nozzle cutting processes,through the development of a magnetic holding mechanism for precise alignment and reduced diver intervention;
    • Appreciable improvements to the efficiency of an existing ROV inspection process, through the development of a small arm for the repositioning of the inspection probe without the need for ROV;
    • Development of a novel deployment system to allow for oil well abandonment using a construction support vessel, allowing for improved operational efficiencies as opposed to the existing standard procedures which utilised larger, more expensive mobile offshore drilling units.
    R&D in oil & gas

    What kind of projects qualify?

    Our Expertise

    Over the last year, we have helped businesses in these sectors claim back:

    200

    Oil & Gas clients

    20

    million £

    Oil & Gas clients savings

    100000

    £

    Average oil and gas Claim Size

    Our Expertise

    Over the last year, we have helped businesses in these sectors claim back:

    200

    Oil & Gas clients

    20

    million £

    Oil & Gas clients savings

    100000

    £

    Average oil and gas Claim Size

    Talk to our specialists

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