Oil and Gas Processing Investment Incentive (OGPII)
Tax creditSaskatchewanUp to $75,000,000
OGPII provides transferable crown royalty and freehold production tax credits at 15% of eligible program costs for qualified greenfield or brownfield value-added oil and gas processing projects, petrochemical facilities, gas commercialization projects, carbon capture and storage, and chemical fertilizer facilities in Saskatchewan. Credits are fully transferable, allowing non-producers to benefit by transferring credits to oil, gas, and crown royalty taxpayers.
What you'll need
- OGPII Application Form
- OGPII Program Overview and Application Instructions
- Project feasibility study or business plan
- Detailed project budget and cost breakdown
- Evidence of significant processing capacity increase
- Proof of minimum CAD$10 million eligible investment