Business
Operational Update for Q2 and H1 2025
Operational Update for Q2 and H1 2025.
About this update from Nostrum Oil & Gas Plc
[{"type":"text","content":"\n\n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION\n \nFOR IMMEDIATE RELEASE\n \n \nLondon, 31 July 2025\n \n \nOperational Update for the second quarter and six months ended 30 June 2025\n \nNostrum Oil & Gas PLC (LSE: NOG) (\"Nostrum\", or the \"Company\" and together with its subsidiaries, the \"Group\"), an independent mixed-asset energy company with world-class gas processing facilities and export hub in north-west Kazakhstan, today announces its operational update for the second quarter and six months ended 30 June 2025 (\"H1 2025\").\n \n \nViktor Gladun, Chief Executive Officer of Nostrum Oil & Gas, commented:\n \n\"I am pleased to step in to CEO position and look forward to lead Nostrum, and would like to emphasise that health and safety remains our top priority.\n \nDuring H1 2025, Nostrum delivered strong revenue performance, despite weaker product prices and the continuing decline of production from the mature Chinarevskoye field. This was achieved through continuing the ramp-up in third-party volumes processed at our facilities with maximum uptime, as well as active well workover and intervention works to maintain production levels.\n \nWe will continue to carefully assess our options of developing and monetising our Stepnoy Leopard assets, and endeavor that the most optimal well workover and drilling campaign is executed at the Chinarvskoye field, while ensuring compliance with license requirements. These efforts together with tight cost displine and prudent capital allocation are all aimed at generating long-term value for our shareholders, stakeholders and the benefit of Kazakhstan.\"\n \n \nH1 2025 Highlights:\n \nOperational\n· Production and sales\n \no A 39% increase in average daily titled production volumes (i.e. final products processed and owned by Nostrum) to 16,974 boepd in H1 2025 (H1 2024: 12,220 boepd). A 65% increase in total processed volumes (including third party condensate tolling volumes) to 24,619 boepd in H1 2025 (H1 2024: 14,919 boepd). Whilst production from the maturing Chinarveskoye field continues to decline, Nostrum's t...