The Saskatchewan Petroleum Innovation Incentive offers transferable Crown royalty and freehold production tax credits at 25% of eligible project costs for innovations in Saskatchewan's oil and gas industry. It supports pilot and commercial scaling projects that improve recovery, environmental management, processing capacity, or byproduct commercialization. Projects can span multiple sites or phases, with a credit cap of CAD$5 million and eligible costs up to CAD$20 million. The program is flexible and can be combined with other incentives.
Open to projects with innovations at least Level 7 on the SPII Technology Readiness Level Scale, new or significantly advanced for Saskatchewan's oil and gas industry. Projects must have minimum CAD$1 million eligible costs and not be commercially operational prior to application.
