Oil Infrastructure Investment Program (OIIP)
“Saskatchewan. Agriculture, Natural Resources, and Industry”
The funder does not disclose this information
Maximum Eligible Amount
Tax Credit
Fund Type
The Oil Infrastructure Investment Program (OIIP) offers transferable royalty/freehold production tax credits for qualified projects at a rate of 20 per cent of eligible program costs.
Released on November 4, 2021
Today, the Government of Saskatchewan announced that pipelines transporting carbon dioxide (CO2), whether for carbon capture utilization and storage (CCUS) or enhanced oil recovery (EOR), are now eligible for the provincial Oil Infrastructure Investment Program (OIIP).
The OIIP was introduced by the Ministry of Energy and Resources in 2020 and offers transferable oil and gas royalty/freehold production tax credits, at a rate of 20 per cent of eligible costs, for qualified infrastructure projects that significantly increase provincial pipeline capacity. Government investment follows up-front private investment and, so far, has successfully attracted over $76 million in private investment in Saskatchewan.
The OIIP is open to new or expanded: transmission pipelines; feeder pipelines (including trunk and branch pipeline systems); pipeline terminals; enabling infrastructure investments that are directly linked and dedicated to an eligible project and is required to bring that project into service, may also be considered as eligible.
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