Our Profile
Funding and facilitating collaborative R&D to support the safe and environmentally-sound development of Atlantic Canada's petroleum resources.
Petroleum Research Atlantic Canada (PRAC) is a not-for-profit, member-based organizaton formed by industry, government and academia. Governed by a nine-member Board of Directors (the majority from industry), PRAC's members include upstream producers and explorers, universities and colleges involved in petroleum research, and federal and provincial government departments and agencies.
Our Services
PRAC issues Calls for Proposals in focused areas as directed by our Research Advisory Committee, and provides research funding to successful applicants. We also provide Transfer-to-Usability (TTU) grants to help bridge the gap between applied research and commercialization, and facilitate multi-partner Joint Industry Projects (JIPs) to address specific member needs.
Since 1999, PRAC has awarded over $4.5M in direct funding to projects with a total value exceeding $25M. Additionally, PRAC undertakes a broad range of communications activities to assist with research identification, planning and dissemination of research project results.
Our Objectives
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To raise awareness of petroleum-related R&D activities in Atlantic Canada
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To build capacity and scale in oil and gas R&D, thereby adding significant value to Atlantic Canada
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To promote the activities and contributions of our Membership
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To act as a catalyst in establishing research priorities, leveraging opportunities and providing ongoing support to current research programs
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To provide a neutral forum for discussion that helps identify research opportunities for Atlantic Canada
To read more about PRAC's history, click here.
