From May 26 to 28, 2025, Uralsk hosted the first visiting meeting of the Board of Directors (BoD) and specialized committees. Event was organized by Ural Oil & Gas LLP.
BoD meeting was chaired by Bekzat Kalyshpekovich Abaiyldanov, Deputy Chairman of the Management Board of NC “KazMunayGas” JSC.
Over the three days, representatives of the Shareholders, management, and key departments of the Company reviewed a wide range of production, commercial, and strategic matters. Discussions covered key activities, including production operations, implementation of Phase 2 of the project, budgeting, procurement, and development of the corporate digital strategy.
Meeting summarized results for reporting period, reviewed progress under the EPC contract, and discussed updates on the well integrity management system audit and output stimulation initiatives. Key topics included cost optimization, tender launch for an integrated Feasibility Study, and preparations for well re-entry.
Key documents were also reviewed, including project Charter and Framework Document, Phase 2 Integration Roadmap, and Phase 2 (Stage 1) Detailed Design development plan. BoD agenda included commercial matters, condensate export marketing strategy, an updated Work Program, and a revised budget reflecting new decisions.
Event was held in a spirit of constructive dialogue, reflecting a high level of engagement and collaboration among all participants. Conducting the BoD meeting in Uralsk marked a significant milestone in the Company’s corporate life and highlighted the strategic importance of region for further development of the Rozhkovskoye Field Project.
