Oil Infrastructure Investment Program (OIIP)
The Oil Infrastructure Investment Program (OIIP) offers transferable oil and gas royalty/freehold production tax credits for qualified projects at a rate of 20 per cent of eligible project costs. OIIP recognizes all costs necessary to construct and bring an approved project into service. OIIP is open to new or expanded oil, refined petroleum product, natural gas liquids, or carbon dioxide pipeline projects.
Grant Deadline
Deadline not available
Funding Amount
$200,000,000
Type of Grant
Tax Credit
Sectors
Construction, Mining, Oil & Gas
Demographics
Incorporation
For Profit
Perks
Region Restriction
This grant is restricted to whole of Canada
Keywords
Age Restriction
This grant is age restricted from 18 to 100
Eligibility and Requirements
- Directly increases 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.
- Eligible costs – the eligible project must involve a minimum investment of CAD$10 million in eligible costs.
- Has not become operational before the eligible project application is submitted.
Grant Application website
Contact
contact oiip@gov.sk.ca