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R&D in Oil

Industry Spotlight

How might a oil company benefit from R&D tax relief?

In this dynamic industry, oil companies constantly strive to enhance their operations, improve efficiency and address environmental challenges. One significant avenue for achieving these goals is through Research and Development (R&D) tax relief. By investing in R&D, oil companies can unlock valuable benefits that fuel their quest for innovation, sustainability and operational excellence.

Some examples of projects and activities that could qualify for research and development tax relief include:

Investing in R&D to improve refining and processing technologies, optimising the efficiency of oil refining operations, and reducing energy consumption and emissions.

Investing in research and development of renewable energy sources, such as biofuels, solar energy, and wind power, to diversify their energy portfolio and reduce reliance on fossil fuels.

Researching and implementing innovative techniques to maximise oil recovery from existing reservoirs, such as enhanced oil recoveries methods like waterflooding, carbon dioxide injection and chemical treatments.

Conducting research to reduce the environmental impact of oil extraction and refining processes, such as developing cleaner and more efficient technologies for emissions control and waste management.

Developing new methods and technologies for locating and extracting oil reserves efficiently, including advanced seismic imaging, drilling techniques and reservoir modelling.

Developing advanced safety protocols, technologies, and equipment to minimize the risk of accidents, oil spills, and other hazards associated with oil exploration, production, and transportation.

Doing anything innovative or industry advancing?

Get in touch today to book your FREE discovery call.

Has your company engaged in this type of activity in the past?

If you believe your oil company could benefit from R&D tax relief, please do not hesitate to contact us today.

Our team of experts is here to help you navigate the complexities of research and development tax relief and ensure that you receive the maximum benefit for your innovative work.

Get in touch today to book a FREE discovery call.

R&D Tax Relief

From initial discovery call and information gathering through to claim preparation, supporting documentation and submission. We're your expert partner in R&D tax relief submissions.


For larger companies we can support claim preparations under the RDEC (Research & Development Expenditure Credit) scheme, ensuring robust, defensible and maximised claims .

HMRC Enquiry Support

We'll liaise with HMRC on your behalf, ensuring no unnecessary delays on receiving your claim and no unfair reductions. This service is provided as standard for our clients.

R&D Claim Review

If you're making an R&D tax relief claim, our team can help ensure you're compliant with the latest legislation and identify any potential claim uplift. Speak to our team for more information.

Partner Program

If you work with innovative businesses and you're interested in partnering with us to ensure your clients are maximising their R&D tax relief, speak to our partner program lead.

Accountancy Services

Through BC&A Chartered Accountants, we offer a range of accountancy services including company formations, business planning, taxation and compliance services and more.