Zhaikmunai announces it has entered into binding agreements to process third party hydrocarbons delivered by Ural Oil & Gas LLP (“UOG”).

02.08.18 15:34
/KASE, August 2, 2018/ – Zhaikmunai (Uralsk), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided the KASE with press release dated August 2, 2018, which states as follows: quote Zhaikmunai LLP, a subsidiary of Nostrum Oil & Gas PLC (“Nostrum” or “the Company” and together with its subsidiaries “the Group”) an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin, today announces it has entered into binding agreements to process third party hydrocarbons delivered by Ural Oil & Gas LLP (“UOG”). UOG is a company that is owned by KazMunaiGas (“KMG”) (50%), Sinopec (27.5%) and MOL Group (“MOL”) (22.5%). According to the 2017 KMG Annual Report, the Rozhkovskoye field has 196 million boe 2P reserves booked. Research produced by Wood Mackenzie states that the company has already drilled and completed eight wells in the Rozhkovskoye field. The Rozhkovskoye field is within 20km of Nostrum’s Chinarevskoye field. unquote Full version of the press release is available on KASE website (in Russian): http://kase.kz/files/emitters/GB_NTRM/zhmn_reliz_020818_eng.pdf [2018-08-02]