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Nostrum Oil & Gas PLC reveals its production data in Kazakhstan

Kazakhstan Materials 27 January 2023 17:27 (UTC +04:00)
Nostrum Oil & Gas PLC reveals its production data in Kazakhstan
Emin Sevdimaliyev
Emin Sevdimaliyev
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BAKU, Azerbaijan, January 27. Nostrum Oil & Gas PLC revealed that the average daily oil production after processing in Kazakhstan amounted to 13,200 barrels per day in 2022, Trend reports, citing the press service of the company.

This constitutes a decrease of 22.5 percent, compared to 17,032 barrels per day produced in 2021.

Average daily sales volumes decreased from 15,330 barrels per day in 2021 to 12,524 barrels per day in 2022.

The company projects 2022 revenues to exceed $199 million, taking into account the average price of Brent oil at $99. In comparison, the 2021 figures reached $195.3 million, with the average price of oil at $71.

The volume of the emissions in the atmosphere reached 4,178 tons, which is less than the legal limit of 6,413 tons.

Nostrum Oil & Gas PLC is a UK-based oil and gas exploration and production company operating in Kazakhstan. The Company's main producing asset is the Chinarevskoye field, which is developed by Zhaikmunai LLP, a wholly-owned subsidiary of Nostrum Oil & Gas. Zhaikmunai LLP owns 100% of the subsoil use rights in this field.

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