The Cabinet of Ministers extended support to oil companies through the provision of utilization grants

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AK&M 01 December 2022 16:16

The Government of the Russian Federation extends subsidies for the renewal of the fleet of drilling rigs of oil companies through the provision of utilization grants. The corresponding resolution was signed by Prime Minister Mikhail Mishustin

With the help of grants, market participants can compensate for part of the costs of updating drilling rigs. We are talking about companies that are ready to buy a new domestic drilling rig and dispose of the old one. They will be provided with a grant of up to 20% of the cost of the new installation. If at least three innovative solutions are provided in the new drilling complex, the amount of compensation will be up to 25% of the cost.

The maximum grant amount for a mobile drilling rig is set at 100 million rubles, for a stationary one – 200 million, and for a drilling complex with innovative solutions – 300 million rubles. The total amount of funds for the payment of recycling grants is provided in the amount of 800 million rubles.

In 2020-2021, 6 oil and gas companies, thanks to similar support measures, received grants worth 1.2 billion rubles.