LUKBELOIL is confidently heading towards the introduction of innovative technologies for production as well as management and support processes.

In pursuance of the instruction of the Government of the Russian Federation, our company has developed and the Board of Directors has approved the updated corporate Program for Innovation Development (PID) for the 2016-2020 period (up to the year 2030). The corporate Program for Innovation Development for the 2016-2020 period (up to the year 2030) is aimed at increasing the role of innovations in achieving the corporate strategic goals, including:

  • Achievement of significant positive effects from the program’s implementation in relation to the company’s activity;
  • Increase of efficiency of main business processes, labour efficiency growth;
  • Improvement of the company’s competitiveness and position at Russian and foreign markets;
  • Maximal coverage of possibilities in innovation sphere in developing and taking management decisions in the company.

Tasks and objectives of the Program for Innovation Development

Innovation development of our company targets the efficiency improvement in developing current and potential projects in accordance with the corporate strategy and the long-term development program. The objective of the innovation development is to achieve significant improvement of priority lines of the company’s development, such as:

  • Improvement of the efficiency of technological innovative solutions aimed at improvement of the development efficiency:

o Carbonate reservoirs,
o Hard to recover reserves,
o Matured, out-of-balance fields.

  • Localization of the residual reserves in order to include them into field development and working out of its own in-house approaches of petroleum engineering;
  • Growth and inclusion into development of reserves due to innovative exploration methods;
  • Enhancement of energy efficiency and environment-friendliness of production.