Oil & Gas Header Image

Oilfield & Energy Services

Home > Oilfield & Energy Services

The R&D Tax Credit is the biggest tax credit available to U.S. businesses, yet also one of the most underutilized.

Download R&D Tax Credits in the OFS & Energy Industry Now

Does your business operate in the OFS & Energy sector?

The innovative nature of many of the products and services offered by today’s OFS and Energy Services companies means that some form of technical investigation and analysis is nearly always necessary—a key requirement in qualifying for the R&D Credit. In addition, as OFS and Energy Services companies develop solutions for producers, they take on technical issues with uncertain solutions.

Transformation and technological development are daily challenges for companies in the OFS and Energy Services sector. However, resolving many of these technical challenges often qualifies as research and development from a tax perspective and you’re more than likely to be eligible for generous tax relief.

Which activities qualify for R&D tax credit?

If your business is involved with any of the following areas and you are not already claiming R&D tax relief, then it’s likely that you could be.

Projects that may qualify for R&D tax relief include:

  • New product development 
  • Customization of existing product lines for a client’s specific needs 
  • Flow assurance simulations 
  • And many more…

Our specialists can help you make a successful claim

Ayming USA has the expertise to review the time tracking, contractual agreements, and other industry-specific documentation to deliver accurate results.

Our industry-specific consultants have hands-on experience and knowledge of the Oil & Gas sector. We always take the time to truly understand how your company innovates so that we can expertly identify all qualifying expenditures to help you make a successful claim for R&D tax credits.

Download your free factsheet

We’ve put together a handy, streamlined summary of research and development in the OFS & Energy Services industry. Simply fill in your details to download your free factsheet and learn more about building your business with R&D tax incentives.