The 2018 Infrastructure Royalty Credit Program (IRCP) is currently accepting applications from oil and gas companies interested in building or upgrading roads and pipelines.
Quick Facts.
- A company must fully fund and complete an approved infrastructure project before it can apply to recover up to 50% of the project’s costs in the form of royalty deductions.
- Each application is evaluated according to its potential to generate royalties, accelerate investment, reduce emissions, and increase access to resource areas.
- Applications will be accepted by the Ministry of Energy, Mines and Petroleum Resources until April 12.
