26 May 2020, Crystal Management JSC has been awarded a new exploration licence in the western Turgay Basin in central Kazakhstan. Licence 34-GIN(PV) occupies 334.63 sq km and is much smaller than the block the company used to have in this area under the previous contract 3996R (18,256 sq. km). The new licence's term is three years. The previous contract/licence expired in November 2019.  Earlier this month, Crystal Management, a company with its main business in power generation, announced a decision to sell 100% of its subsidiary Exploration Production Crystal Management which it has been owning since 2014.    Crystal Management has made at least three minor oil discoveries in the 3996R block, Bestobe, Maybulak North and Zhinishkekum South, with a total recoverable oil reserve of 4.4 MMb. It is understood that the company retains production licences for these fields.
Kazakhstan (South Turgay Sub-basin (Turgay B.))  Crystal Management JSC has been awarded a new exploration licence 34-GIN(PV) 334.63 sq km (Maybulak contract) in central Kazakhstan.