At the presentation held on January 30 this year, specific tasks were identified to increase the company’s operational efficiency, ensure its financial stability, expand geological exploration, and increase hydrocarbon reserves.
Today, information on the progress of implementing these tasks was presented to the Head of State.
First, measures to optimize costs were reported. In particular, the company’s central office organizational structure is being reviewed and optimized. Work has begun to revise prices for production services, goods, and materials, as well as contracted work, and efforts are underway to streamline the credit portfolio. Non-core assets are being removed from management.
It was noted that systematic work has been established to reduce accounts receivable.
Issues related to expanding geological exploration and increasing hydrocarbon reserves were also addressed. In particular, plans for 2026-2027 include intensifying exploration work at new sites across several regions, expanding the scope of 3D seismic surveys, and completing well construction. It was also reported that two new gas-condensate fields were discovered in January and February of this year.
As part of the company’s strategic development, it is planned to accelerate the forensic audit, improve procurement procedures, implement ESG principles, and prepare reports in accordance with international standards.
The President instructed responsible officials to ensure the implementation of the planned tasks and measures based on precise calculations, strict discipline, and personal responsibility.
