/KASE, October 29, 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 October 29, 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 third quarter
and nine months ended 30 September 2021.
Highlights:
Operational
- Average daily production after treatment for 9M 2021 totalled 17,532 boepd
with average daily sales volumes of 15,838 boepd. Condensate inventory is not
included in the reported sales volumes and as at 30 September 2021 amounted
to approximately 254,000 boe, which is planned to be sold in Q4 2021.
- 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 follow-up 7 well workover programme started in September; this is a
continuation of a well intervention programme initiated in April 2021. The
entire programme is currently for 13 workovers and up to 20 interventions to
be completed by June 2022.
- 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.
- The 2021 planned shutdown that included the internal inspection of all process
vessels was completed successfully in the third quarter.
unquote
The full press release is available on KASE website:
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_291021_1.pdf – in Russian;
-
https://kase.kz/files/emitters/GB_NTRM/gb_ntrm_reliz_291021_eng_1.pdf – in
English.
[2021-10-29]