Oil & Gas Header Image

OFS & Energy

Home > OFS & Energy

R&D Tax Credits for the Oil Field and Energy Sectors

With increasing regulations and additional emphasis on reducing emissions through use of renewable energy sources, companies within the oilfield equipment and services or energy sectors understand the importance of improving processes and equipment to offer the best services possible for their customers. However, fewer companies in this industry properly leverage tax credits available for research & development expenditures. Ayming USA is here to offer expert R&D tax consultation for these companies. 

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

Does your business operate in the OFS & Energy sector?

Ayming USA’s 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.

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 companies develop solutions for producers, they take on technical issues with uncertain solutions. 

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…

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.