Oil Infrastructure Investment Program (OIIP)

By mmuise
Description:

The Oil Infrastructure Investment Program (OIIP) offers transferable oil and gas royalty/freehold production tax credits for qualified projects at a rate of 20% of eligible project costs.


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).

Deadline: Continuous Intake until March 31, 2025
Eligibility:

1. 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.
2. The project must 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.
3. 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.
Application Steps:

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Documentation Needed:

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Other Things to Note:

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About the author
mmuise