The oil company «Oil Resource» and LABADVANCE, a developer of microfluidic technologies, have signed a comprehensive agreement on joint research and development activities until 2030.

One of the key areas of the agreement will be the study and development of methods for increasing oil recovery (MIOR) using microfluidic research.

The purpose of the research is to increase the oil, gas and condensate recovery factors, prepare pilot tests and develop specific MIOR technologies for the company's facilities.

LABADVANCE is a company founded at Skoltech, a Russian developer of microfluidic technologies for laboratory research in the oil and gas industry, medicine and scientific research.

«Oil Resource» is a modern high-tech oil company, a member of Kirillitsa Group of Companies. The company specializes in the wholesale supply of oil and petroleum products, and is also developing an oilfield service area for the development of hard-to-recover hydrocarbon reserves.