USD 92.0134

-0.12

EUR 98.7187

+0.01

Brent 89.38

+0.05

Natural gas 2.285

+0.36

1679

Nostrum sells interest in Kazakhstan's Rostoshinskoye field

The company’s assets are all located in the Pre-Caspian Basin close to the Russian border and in close proximity to some of the most significant hydrocarbon resources in the Former Soviet Union

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 company didn't provide the name of the buyer nor the price received.

Nostrum acquired Rostoshinskoye in 2013 along with 2 other fields near its flagship Chinarevskoye field.
The exploration period under Nostrum's contract for Rostoshinskoye had been due to end in August 2022.
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 1st 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.

Follow us on Facebook
Advertising at neftegaz.ru

Subscribe to our newsletter

of the best materials Neftegaz.RU

* Incorrect E-Mail Address

By clicking the "Subscribe" button I accept the "Agreement on the processing of personal data"


Advertising at neftegaz.ru