A robust and growing business

Who we are

Nostrum Oil & Gas PLC is an independent multi-field oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin.

We are a simple, sustainable and successful company and, by employing these core values, we aim to become one of the leading independent oil and gas exploration and production companies in the Former Soviet Union (FSU).

We pursue our financial and operational targets in a responsible way, maintaining a track record that clearly demonstrates the successful achievement of our strategic goals.

Whilst we continue to make progress towards our financial and operational goals, we have developed a simple strategy that will allow us to successfully deliver the near-term growth we have targeted, combined with long-term, sustainable value creation.

Nostrum is listed on the London Stock Exchange, with operations in Kazakhstan as well as offices in Amsterdam, London, Brussels and St. Petersburg.

What we do

We focus on creating long-term shareholder value through the development and discovery of oil and gas reserves, as well as the production and sale of crude oil, stabilised condensate, LPG and dry gas. Our highly skilled management team has managed the investment of over US$2 billion in our licence area since 2004 delivering on a number of infrastructure projects as well as significantly expanding the reserve base over the last ten years through our own appraisal work, as well as successful M&A activity.

Our commercial products

Nostrum’s range of products includes crude oil, stabilised liquid condensate, LPG and dry gas. Currently all production comes from the Chinarevskoye licence. We have invested in developing our own infrastructure to control the transportation of our products until they reach the final off-taker. This transport serves a wide network of destinations and off-takers ensuring we always obtain the best possible prices

Average daily production rates

We have since targeted an average daily production of 45,000 boepd and our average daily production for FY 2017 was 39,199 boepd. We expect to double our production capacity to over 100,000 boepd when our third Gas Treatment Unit (GTU3) is completed. With this increased nameplate capacity we will fortify our competitive advantage in the market and deliver substantial value to our shareholders.


An update of Nostrum’s reserves report was completed by Ryder Scott in December 2016. This report includes the reserves at Chinarevskoye and the three additional licence areas acquired in 2013. An overview of the reserves is provided below.

Highlights from the 2016 Annual Report:

Based on the Ryder Scott report dated 1 January 2017, the proved and probable reserves for the Chinarevskoye field amount to 379 mmboe (2015: 383 mmboe). Proven reserves amount to 147 mmboe (2015: 147 mmboe) and probable reserves to 232 mmboe (2015: 236 mmboe). Oil and condensate amount to 144 mmbbl of proven and probable reserves (2015: 148 mmbbl), LPG to 56 mmbbl (2015: 51 mmbbl) and gas to 179 mmboe (2015: 184 mmboe). The production of 14,768,296 mmboe in 2016 was compensated by approximately 75% additional reserves, based on better well performance.

31 December 2015 1 January 2017
Chinarevskoye 3 licenses Total Chinarevskoye 3 licenses Total
Proven 147 0 147 147 0 147
Probable 236 87 323 233 87 320
2P 383 87 470 379 87 466

Market positioning

Nostrum Oil & Gas is in a unique position in the market. The Company’s front-loaded investment programme has meant it is now a leader in terms of infrastructure in the region, with the ability to process significant volumes of raw gas in its gas treatment plant. In addition, its advantageous location in north-west Kazakhstan places it closer to its final off-take destinations.