Nostrum has developed a world-class portfolio of assets in the reserve rich area of north-west Kazakhstan. The front-loaded investment programme has been the foundation upon which strong production growth has been built.
With low operating costs, we currently have an average daily production of over 31,000 boe (Q3), sustaining positive cash flow and progressing towards our operational target of doubling production capacity
488 million of 2P reserves
With 488 mboe of 2P reserves and production of more than 14 million barrels of oil equivalent per year in 2017, we provide a unique combination of significant production and reserve upside along with consistent operational cash flow.
We have four licence areas, all located in the Pre-Caspian Basin towards the north of Uralsk. Nostrum’s current producing asset is the Chinarevskoye field and the three additional licences are all located within 60-120km of the field.
In August 2018 Nostrum announced through its subsidiary Zhaikmunai LLP it entered into bindig agreements to purchase and process third party hydrocarbons delivered by Ural Oil & Gas LLP.
Strong governance and responsibility
We are committed to achieving an excellent standard of corporate governance and social responsibility and are aiming for a positive and lasting contribution to the areas in which we operate, with a focus on delivering long-term shareholder value for a sustainable future.
Experienced management team
We are confident in the ability of our experienced and dedicated management team, who have expertise in operating in Kazakhstan, to deliver on our clear strategy.