Oil and Gas Processing Investment Incentive
Saskatchewan
Government of Saskatchewan
Funding Amount
15% of eligible costs
Funding Limits
$75,000,000 per participant. However, should the credits for all participants across all eligible projects exceed $500,000,000, the credits would be reduced to ensure that the maximum is not exceeded.
Program Contact Details
ogpii@gov.sk.ca
Contact details unavailable
What is this funding for?
Tax credit for oil and gas production in Saskatchewan
Program Description
The Oil and Gas Processing Investment Incentive (OGPII) offers transferable crown royalty and freehold production tax credits for qualified greenfield or brownfield value-added projects at a rate of 15% of eligible program costs. Credits will be automatically applied against the owner’s oil, gas, and helium crown royalties and freehold production taxes in Saskatchewan or, if requested, be transferred to any other corporate entity with an IRIS BA ID in Saskatchewan. All unused credits will expire on March 31, 2040, or per the date set in the agreement. OGPII is open to value-added projects across all segments of Saskatchewan’s oil and gas sector as well as chemical fertilizer facilities.
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