Analysis of approaches and methods of managing implementation of innovative engineering technology projects in an oil producing company

The paper presents an original solution to an urgent scientific issue — the development of an innovative approach to managing the selection and implementation of innovative engineering technology projects (IETP) in the oil-producing sector, aimed at justifying the rationality of investment initiatives and increasing the likelihood of their positive outcome. A unique interpretation of the concept of “oil innovative project of engineering technologies” was introduced, taking into account the key role of engineering technologies in modernizing the activities of oil producing companies to overcome current challenges of the industry. The pros and cons of traditional Stage-Gate and TRL methodologies in IETP implementation are analyzed. A two-stage IETP assessment system was proposed, including primary and deep expertise on key parameters of organizational, production, market, and technological maturity of the project. Integrated assessment of IETP is based on the calculation of an integral indicator of project readiness.