Our Assets
Nostrum is strategically positioned at the crossroads of major Central Asian pipelines, forming an infrastructure hub in North-Western Kazakhstan, in a resource-rich region, with potential for future growth, led by a highly experienced management team.
Nostrum’s current producing asset is the Chinarevskoye field – a 274km square licence located to the north of Uralsk. Both national and regional pipelines run in close proximity to our hub, allowing us to transport all processed products safely and efficiently.
The Chinarevskoye field has produced more than 100 million boe since 2004. It is positioned in the pre-Caspian basin, which is the location of numerous gas discoveries, including Rozhkovskoye field (Ural Oil & Gas LLP) and our neighbouring three licences.
Exploration and production licence
Nostrum was first granted an exploration and production licence for the Chinarevskoye field in May 1997. The current production licence granted in 2008 covers 185km2, with validity to 2031 for the North-eastern Tournaisian reservoir, and until 2033 for all other oil and gas bearing reservoirs and horizons.
Production Sharing Agreement (PSA)
A grandfathered PSA exists between Nostrum and the Government of Kazakhstan, which specifies the exploration and development boundaries of the Chinarevskoye field. The PSA also addresses the respective royalties, profit share and tax liabilities payable to the government.
Outlook
The licence and PSA are currently valid until valid until 2031 (with respect to the North-eastern Tournaisian reservoir) and 2033 (for the rest of the Chinarevskoye field), and Nostrum must comply with the terms of the exploration permit, the production permit and the development plans during this period. To date, the Company has met all of its capital investment obligations under the PSA.
Infrastructure, including a 4.2 bcm processing facility
- Extensive infrastructure allows Nostrum to process raw gas deposits in North-western Kazakhstan, where there are no comparable processing facilities or capacity.
- Fully commissioned gas treatment facility with a combined nameplate processing capacity of 4.2 bcm per year
Well-established transport links to export markets
- Access to multiple transportation routes
- Full control of liquid transportation logistics with 120km liquids pipeline and automated rail loading terminal owned by Nostrum
