Research facilitation and management for Newfoundland and Labradorís offshore industry
Maximizing the impact of R&D investments made by Newfoundland and Labrador’s offshore oil and gas industry is a multifaceted process that requires foresight, experience, stewardship and diligence. Industry needs must be effectively identified and transformed into research opportunities. And those opportunities in turn must be matched with local expertise and capability to deliver relevant and actionable research outcomes. Petroleum Research is a member-based organization that delivers value to Newfoundland and Labrador’s offshore oil and gas industry by:
Building on previous studies on the socio-economic impact from petroleum activity in Newfoundland and Labrador (ACPI 2003, PRAC 2005 and 2009, PRNL 2012, PRNL2015), the current study documents the scale and range of economic benefits accruing to Newfoundland and Labrador as a result of petroleum industry activity between 2015 and 2017.