/KASE, July 30, 2021/ – NOSTRUM OIL & GAS PLC (United Kingdom), whose shares are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with
the following press release dated July 30, 2021:
quote
Nostrum Oil & Gas PLC (LSE: NOG) ("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 its operational update in respect of the second quarter
and six months ended 30 June 2021.
Highlights:
Operational
- Average daily production after treatment for H1 2021 totalled 18,107 boepd
with average daily sales volumes for H1 of 16,249 boepd. The production
decline means that we do not make condensate sales each month because we have
insufficient volumes to form a cargo. Condensate inventory as at 30 June 2021
amounted to approximately 220,000 barrels.
- We remain extremely vigilant in respect of COVID-19. We continue to
implement stringent precautionary measures and we believe we have the
systems in place to monitor and manage the risks presented by the pandemic
in west Kazakhstan. To date, no production has been lost because of COVID-
19.
- A well workover and well intervention programme started in April 2021. The
programme is currently for 6 workovers and up to 20 interventions with an
expected cost of US$7.3 million.
- We continue to focus on ways to monetise spare capacity in the gas treatment
facility through processing third party volumes.
- On 23 July 2021, the Company announced that its wholly-owned subsidiary
Zhaikmunai LLP ("Zhaikmunai") had agreed with Ural Oil & Gas LLP ("Ural
OG") to extend the deadline under the Agreements for Ural OG’s first delivery
of gas and liquid gas-condensate to Zhaikmunai by approximately six months,
from 9 April 2023 to 31 October 2023. The extension was requested by Ural
OG as a result of circumstances relating to the COVID-19 pandemic.
unquote
The full press release is available on:
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_300721_1.pdf – in
Russian;
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_300721_eng_1.pdf – in
English.
[2021-07-30]