As technology advances rapidly, the offshore oil and gas industry is always working to innovate and develop new practices. That’s where Petroleum Research Newfoundland & Labrador (PRNL) shines. A not-for-profit organization, PRNL’s mandate is to facilitate and fund research and development on behalf of Newfoundland and Labrador’s offshore oil and gas industry, contributing to safe, responsible and reliable operations.
One of Petroleum Research Newfoundland & Labrador’s key roles is connecting large oil producers with the right people in the scientific research and business communities. By providing project management expertise, they’re able to ensure that milestones are met, research guidelines are being followed, and outcomes are delivered. In addition, PRNL handles the dissemination of funding and makes sure it’s being spent effectively. Since 2012, PRNL has managed more than $60 million in R&D investment capital. Since production began in 1997 the industry has invested over $500 million in research and development, and education and training in the province.