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Supplemental Petroleum Tax (SPT) – Sustainability Incentive (Mature Marine/Small Marine Fields)

Ministry of Energy and Energy Industries

A 25% discount on base Supplemental Petroleum Tax rates intended to encourage continued production from eligible mature or small marine oilfields.

Eligibility

  • Mature marine oilfields older than 25 years
  • Small marine oilfields producing less than 1,500 barrels per day

Official sources

Opportunity details can change. Always confirm eligibility, deadlines, and application requirements with the official provider before applying.

Supplemental Petroleum Tax (SPT) – Sustainability Incentive (Mature Marine/Small Marine Fields) — OpportuniTTies