Currently, research and technology play a key role in the successful response of oil and gas companies to strategic challenges and economic requirements in the energy field. Technological innovation is the most important factor in the oil and gas industry, from exploration to hydrocarbon processing. It includes the stages of research, improvement and distribution of relevant products, processes and technologies. Using new technological developments, creating and commercializing new products, applying innovative production processes, the domestic oil and gas industry is able to effectively solve problems regarding its competitiveness. The key direction underlying the implementation of all types of strategic technology-oriented activities within the framework of the implementation of the company's sustainable development strategy is the strengthening of the role of innovation in technology management, both at the enterprise level and in the engineering (service) departments of the company. Innovation plays a significant role in supporting long-term R&D activities and is making an increasing contribution to the implementation of engineering functions and activities within specific investment projects. In this regard, the effective integration of experience gained from tactical engineering functions with the definition of long-term R&D functions should contribute to the main contribution to the profit obtained both in the short and long term. Numerous innovative studies have allowed us to obtain deep and ambitious knowledge regarding the innovation process itself. However, a number of complex methodological and practical problems related to the creation of a corporate structure for managing innovative processes have not yet been resolved. The main difficulties are in a comprehensive assessment of innovative proposals and the commercialization of R&D in the face of risk and uncertainty, as part of relevant innovative projects.
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