Funding
Infrastructure
Ongoing
Supplemental Petroleum Tax (SPT) – Investment Tax Credit (ITC)
Ministry of Energy and Energy Industries
A tax credit against assessed Supplemental Petroleum Tax equal to 30% of qualifying capital expenditure for specified oilfield development or enhanced oil recovery investments.
Eligibility
- Qualifying capital expenditure for development of mature land or mature marine oilfields
- Qualifying acquisition of machinery and plant for enhanced oil recovery projects
Official sources
Opportunity details can change. Always confirm eligibility, deadlines, and application requirements with the official provider before applying.