Russian mineral oil group LUKOIL has been making investments in Austrian research facilities such as the Department of Petroleum Engineering at the University of Leoben (Montanuniversität Leoben), ABA — Invest in Austria reports.
The Department of Petroleum Engineering has now received a new ultrasonic measuring device, and the Chair of Petroleum Geology has also been supported in acquiring a device for the scanning electron microscopy laboratory. The cooperation between LUKOIL and Montanuniversität Leoben has existed since 2017. The focus is on fellowships as well as investments in new laboratory equipment and technologies for oil and gas production.
Robert Gulla, Managing Director of LUKOIL Holding GmbH, comments on the aims of the partnership.
“On the basis of this cooperation, we succeed in linking science and research with the demands of everyday business practices in our successful international group. We consider the promotion of young talents, investments in highly specific education and the equipment required for this as a major contribution to our corporate success. Accordingly, LUKOIL is an internationally operating company which directly invests in the positive future of young domestic talents in the sector.”
LUKOIL is one of the largest publicly listed oil and gas companies in the world, employing a workforce in excess of 100K people in more than 100 countries across the globe.