Stepping up efforts to develop hard-to-recover oil reserves, which will secure a competitive advantage for Russia on the global hydrocarbon market, is a priority area in the development of the national economy. Given the presence of economic sanctions, achieving this task is possible through the replacement of imported technologies with domestic equipment for the exploration and extraction of hard-to-recover reserves, as well as the development of a competitive oilfield services market. A federal project to develop the Bazhenov Formation in Western Siberia is being launched to this end. To date the federal project has assembled a group of over 20 participants, including research institutes, start-ups, small and medium-sized businesses, and vertically integrated oil companies. All of this contributes to the formation of a unique ecosystem in the Russian Federation for creating innovative new businesses with high export potential. The project envisages the creation of a system of state incentives aimed at removing administrative barriers and supporting innovators. What challenges do technology companies working in the oil industry face? How large is the domestic market and what is the export potential of these technologies? What tools will be created at the federal and regional levels to attract investment towards the implementation of technology projects? Which industry participants are being considered as potential project partners and what conditions will be imposed on them? Are Russian tech projects in demand among international investors?