Nostrum sells interest in Kazakhstan's Rostoshinskoye field

Nur-Sultan, August 25 - Neftegaz.RU. Nostrum Oil & Gas has given up rights to the Rostoshinskoye field in Kazakhstan, the company announced today, noting it considered this a more lower cost option than keeping the permit for another year.
The field's contingent resources were assessed at 31.3 millionbarrels of oil equivalent at the end of last year.

In October 2020, Nostrum sold its rights for the Darinskoye and Yuzhno-Gremyachenskoye fields in the pre-Caspian basin.

Nostrum has endured a difficult few years, amid production setbacks, the delayed completion of a gas treatment unit and low oil prices.
Its revenues were almost unchanged year on year in the 1^st half at $92.3 million, as a slide in production to 18,107 barrels of oil equivalent/day from 23,528 boe/d more than offset the gain from higher oil prices.

Nostrum has invested over $1 billion into its infrastructure in North-western Kazakhstan.