Nostrum Oil & Gas

Nostrum Oil & Gas plc is an oil and gas exploration and production company operating in Kazakhstan. The company is listed on the London Stock Exchange.

Nostrum Oil & Gas plc
TypePublic limited company
LSE: NOG
IndustryOil production
Founded1997
HeadquartersAmsterdam, Netherlands
Key people
Atul Gupta
Kai-Uwe Kessel (CEO)
Revenue$348.0 million (2016)[1]
$(64.5) million (2016)[1]
$(81.9) million (2016)[1]
Websitewww.nostrumoilandgas.com

History

The company was established as Zhaikmunai LP in 1997 to exploit opportunities in the Kazakhstan and started production in its first field in October 2000. After acquiring interests in three additional fields in August 2012, it changed its name to Nostrum Oil & Gas in December 2013.[2] It was the subject of an initial public offering in June 2014.[3] In March 2023 the company acquired 80% stake in Positive Invest LLC, which owns the rights for the Kamenskoye and Kamensko-Teplovsko-Tokarevskoye fields in the Republic of Kazakhstan. The transaction value under the agreement was $20 million.[4]

Operations

The company operates in the following fields:[2]

  • Chinarevskoye Field
  • Rostoshinskoye Field
  • Darjinskoye Field
  • Yuzhno-Gremyachenskoye Field

References
  1. "Annual Report 2016" (PDF). Nostrom Oil & Gas. Retrieved 22 April 2017.
  2. "Kazakh Zhaikmunai changes its name to Nostrum Oil & Gas". B News. 11 December 2013. Retrieved 9 September 2014.
  3. "Nostrom Oil & Gas plans premium UK listing". Reuters. 20 May 2014. Retrieved 9 September 2014.
  4. "Nostrum Oil & Gas приобрела 80% акций «Позитив Инвест»". AKM.RU (in Russian). 2023-07-18. Retrieved 2023-08-01.
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