Oil Infrastructure Investment Program (OIIP)
$40,000,000
Tax Credit
Description:
The Oil Infrastructure Investment Program (OIIP) offers transferable Crown royalty and freehold production tax credits for qualified projects at a rate of 20 per cent of eligible project costs.
OIIP is open to new or expanded oil, refined petroleum product, natural gas liquids or carbon dioxide pipeline projects, including:
• 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 are required to bring that project into • service, may also be considered as eligible.
OIIP is administered by the Ministry of Energy and Resources.
Comments on Funding:
OIIP has a project-specific awarded credit cap of CAD$40 million (i.e., a maximum of up to CAD$200 million in recognized eligible costs per project).
Continuous Intake until March 31, 2025
Eligibility:
Applicants’ project must:
1. Directly increase oil or carbon dioxide pipeline capacity in Saskatchewan – the ministry must be satisfied that the project results in an increase in pipeline capacity that is not considered to be a redundant service.
2. The eligible project must:
a) involve a minimum investment of CAD$10 million in eligible costs.
b) not become operational before the eligible project application is submitted.
3. OIIP is open to new or expanded oil, refined petroleum product, natural gas liquids, or carbon dioxide pipeline projects, including:
a) Transmission pipelines.
b) Feeder pipelines (including trunk and branch pipeline systems).
c) Pipeline terminals.
d) Enabling infrastructure investments that are directly linked and dedicated to an eligible project and are required to bring that project into service, may also be considered as eligible.
Application Steps:
Applicants must:
1. Complete and submit the OIIP Application Form. If they have questions about the application process, refer to the OIIP Program Overview and Application Instructions or contact oiip@gov.sk.ca.
2. Completed OIIP Application Forms may be submitted to the Ministry of Energy and Resources via oiip@gov.sk.ca.
Documentation Needed:
Applicants must submit:
1. a completed OIIP Application Form;
2. additional information, as requested.
Other Things to Note:
About the author
Maurice
