Start of Ural OG tie-back and receipt of first gas

Nostrum Oil & Gas PLC

21 December 2023

 

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London, 21 December 2023

Start of Ural Oil & Gas tie-back and first gas to Chinarevskoye gas treatment facility 

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, is pleased to announce the start of the tie-back project and receipt of the first gas from Ural Oil & Gas LLP ("Ural OG") for treatment into Nostrum's Chinarevskoye gas processing facility.

Ural OG's Rozhkovskoye field production start was achieved safely with one well (U-21), with the remaining planned four wells to commence in late 2024.

Arfan Khan, Chief Executive Officer of Nostrum Oil & Gas, commented:

"We are pleased to have achieved this milestone as this is the first ever third-party feedstock received into our gas treatment facility and we look forward to working with Ural OG.

We will continue expanding the utilization of our world-class treatment facilties by demonstrating excellence in project delivery and operations, to be a preferred partner of choice for handling and processing the third party gas in Western Kazakhstan."

LEI: 2138007VWEP4MM3J8B29

Further information

For further information please visit https://www.nostrumoilandgas.com/

Further enquiries

Nostrum Oil & Gas Plc

Petro Mychalkiw

Chief Financial Officer

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Instinctif Partners - UK                                                                                        

Guy Scarborough

Vivian Lai

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About Nostrum Oil & Gas

Nostrum Oil & Gas PLC is an independent oil and gas company currently engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin. Its shares are listed on the London Stock Exchange (ticker symbol: NOG) and the Astana International Exchange (ticker symbol: NOG). The principal producing asset of Nostrum Oil & Gas PLC is the Chinarevskoye field that is being operated by a wholly-owned subsidiary of Nostrum Oil & Gas PLC - Zhaikmunai LLP, who is the sole holder of the subsoil use rights with respect to the development of the field.

Forward-Looking Statements

Some of the statements in this document are forward-looking. Forward-looking statements include statements regarding the intent, belief and current expectations of the Company or its officers with respect to various matters. When used in this document, the words "expects", "believes", "anticipates", "plans", "may", "will", "should" and similar expressions, and the negatives thereof, are intended to identify forward-looking statements. Such statements are not promises nor guarantees and are subject to risks and uncertainties that could cause actual outcomes to differ materially from those suggested by any such statements.

No part of this announcement constitutes, or shall be taken to constitute, an invitation or inducement to invest in the Company or any other entity, and shareholders of the Company are cautioned not to place undue reliance on the forward-looking statements. Save as required by the relevant listing rules and applicable law, the Company does not undertake to update or change any forward-looking statements to reflect events occurring after the date of this announcement.

 

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