The Infrastructure Royalty Credit Program
Through the Infrastructure Royalty Credit Program, oil and gas companies can apply for a credit to the royalties they would otherwise pay to the Province. This credit can be as much as 50 percent of the cost of constructing roads or pipelines.
The purposes of the program are to:
- Facilitate increased oil and gas exploration and production in under-developed areas; and
- Extend the drilling season to allow for year-round activity.
Since 2004, British Columbia’s Infrastructure Royalty Credit Program has allocated over $830 million in infrastructure royalty credits to oil and gas companies, resulting in over 200 new or upgraded all-season roads and pipeline projects in British Columbia. The Infrastructure Royalty Credit Program is in direct support of British Columbia's Natural Gas Strategy.
The British Columbia Ministry of Natural Gas Development is requesting applications from companies in the oil and gas industry to participate under the 2014 Infrastructure Royalty Credit Program for submission of proposals during the following dates:
Issue Date: February 25, 2014
Closing Date: April 16, 2014
If you are submitting an application for the 2014 Infrastructure Royalty Credit Program the RFA documents and instructions can be found by clicking here.
Please visit the website regularly for any updates.
If your project has been approved in a previous iteration of the Program and been constructed, please click here to access project completion document templates required for the Royalty Deduction Submission.