Oil & Gas
R&D in Oil & Gas:
The oil and gas industry are witnessing significant advancements in methods, processes and technologies developed to manage advanced drilling techniques. Developments in both upstream and downstream drilling methods, including hydraulic fracturing, are enhancing extraction efficiency and productivity. Environmental solutions are also a critical focus, with the development of technologies to improve wastewater treatment, control emissions, and mitigate spills. Additionally, the integration of technology is transforming the sector, with AI and data analytics being implemented to monitor and optimise operations, ensuring greater efficiency and reduced environmental impact. These trends highlight the industry's commitment to innovation and sustainability.
With all R&D activities, it is important to understand when the R&D takes place. As per the DSIT guidelines, R&D starts when the team identify the scientific or technological uncertainty as per para 13 or 14.
Examples of R&D:
Creating techniques to maximise extraction from existing wells.
Developing systems for better monitoring and managing environmental risks.
Design, construction and installation of offshore steel jackets, piles, buoyancy modules, platforms and helidecks
Design and engineering of generator, compressor and process modules, and processing skids.
How We Can Help
Our experts at Westlock Partners assist manufacturing firms in identifying compliant qualifying R&D activities and maximising tax credits.
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The UK's North Sea oil and gas industry has produced over 45 billion barrels of oil equivalent since production began in the 1970s, significantly contributing to the UK's energy supply.
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The UK oil and gas sector directly supports over 280,000 jobs, with many more in associated industries, making it a vital part of the economy.
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The UK is leading in the decommissioning of offshore oil rigs, with over £20 billion expected to be spent on dismantling infrastructure in the North Sea over the next decade.