Prak Corp understands the challenges facing the Oil and Gas industry and offers solutions to help companies address them. The industry is still recovering from weak prices, asset alignments, and productivity inefficiencies, and continues to face fundamental challenges such as competition from non-fossil fuel resources, overhung regulations, sustainable cost efficiency in over- and under-supplied markets, capital discipline, and asset maintenance.
MISSION-DRIVEN
Prak Corp is a renowned name in the niche area of business benefits-led outsourcing programs with the ability to offer committed year-on-year productivity on not just IT SLAs and KPIs but also on the key indicators that drive Oil & Gas companies.We understand the unique Oil & Gas value chain and provide solutions spanning complex engineering.
In the upstream and customer-responsive business solutions in the retail and marketing segments. With Prak Corp’s solutions, O&G companies can optimize their processes and systems, improve productivity, and reduce costs, while also meeting regulatory requirements and maintaining financial viability.
In times of volatility, the Oilfield Services (OFS) sector faces the challenge of optimizing costs by increasing asset utilization. Asset tracking and increasing utilization are critical during peak times as managers strive to capture as much demand as possible. During downtimes, coping with excess capacity and underutilized resources can be the difference between mere survival and success.
Prak Corp has extensive experience working with upstream and OFS companies to overcome these challenges and establish a strong foundation for long-term success under any market condition.
Our solutions help midstream companies overcome the challenges of managing and maintaining their assets such as pipelines, transport vessels, gas plants, and compression stations. Our expertise in accounting, reporting, and compliance requirements helps midstream companies to track any divergences and remain compliant.
We also help midstream companies to integrate trading operations into their accounting and supply systems, improving their operational efficiency and decision-making capabilities. With our digital transformation, IoT, and analytics capabilities, we help midstream companies optimize their operations, reduce costs, and increase their profitability. Trust Prak Corp to provide you with the solutions you need for your midstream operations.
Our domain expertise in the downstream sector includes process engineering, plant automation, and enterprise applications. Our solutions can help streamline operations, optimize asset utilization, and reduce costs while improving safety and regulatory compliance. Our digital transformation capabilities, such as IoT, automation, and analytics, can help refineries gain real-time visibility into operations, enabling proactive maintenance and reduced downtime. We also provide solutions for secondary distribution operations, including logistics management and customer relationship management, enabling refineries to efficiently deliver their products to their customers. With our comprehensive suite of solutions and services, Prak Corp is a reliable partner for downstream O&G companies seeking to enhance their operations and profitability.
Prak Corp is proficient in implementing workflows that pertain to wireline and drilling services. These workflows involve numerous elements, such as signal processing, embedded systems.
Our solutions for the Digital Oil Field (DOF) help to minimize the ecological impact of your hydrocarbon operations. Through our advanced monitoring, analysis, and control tools, we enable proactive management of field events.
Our managed services for Upstream Data Management involve implementing quality frameworks, data security techniques, and metrics for continuous incremental improvement, thereby transforming the way upstream data is managed.
We utilize state-of-the-art technologies such as radio-frequency identification (RFID) and geographic information system (GIS) tracking solutions to streamline warehouse, fleet, and inventory management.
Our Energy Trading and Risk Management (ETRM) solutions leverage our extensive knowledge of petroleum refining, modes of energy transport, logistics and contract management, hedging instruments, and inventory management. By aligning systems, processes, and data, we enable energy traders to make informed trading decisions .
Our suite of Integrated Asset Management solutions is designed to help oilfield services companies and hydrocarbon distributors achieve maximum return on their assets. Our approach involves process harmonization to enhance operational efficiency, optimize asset utilization and reduce maintenance costs.
We collaborate with upstream enterprises to enhance production optimization by integrating customized toolkits with third-party modeling applications. We create 'seed models,' troubleshoot third-party asset modeling software, and develop applications to track and report asset performance.
Our company provides Integrated Refinery Information System (IRIS) solutions that leverage service-oriented architecture (SOA) to enable refineries to become more data-focused. By delivering contextual and role-specific information.
We offer production surveillance solutions that help you optimize production by providing trend analysis, forecasting, and production planning tools. Our proactive asset management approach enhances operational efficiency and reduces production downtime, while our collaborative work environment improves decision-making. We have a risk-minimizing methodology in place to ensure smooth implementation of our production surveillance solutions.
Our Engineering Services assist you in ideating, designing, and engineering cutting-edge digital products to create a seamless and exceptional customer experience.
