The Cultural and Exhibition Center 'Ust-Balyk' was opened on February 10, 2010, at a historically significant site in Nefteyugansk. Previously, this was the location of the city's first street, Gagarin Street. Now, a walking area has been created here with a picturesque view of the Yugansk Ob River.

The wooden buildings and houses lined along this area reflect the historical heritage of the city and serve as a venue for museum exhibitions of the 'Ust-Balyk' Cultural and Exhibition Center. Permanent exhibitions include 'Residential House of the 1960s' and 'The City Born from Oil.'

The center regularly hosts temporary exhibitions from museum collections and traveling displays from various regions of Russia. One of the buildings houses the Society of Old-Timers of Nefteyugansk.

The old-timers actively collaborate with the Museum Complex, participating in joint events and exhibitions, as well as assisting in the replenishment of museum collections.