Business
Operational Update for Q4 and FY2025
Nostrum Oil & Gas PLC reported an operational update for the year ended December 31, 2025, showing a 23.2% increase in average processed volumes to 24,431 boepd and a 12.9% rise in average daily titled production to 16,867 boepd, driven by third-party feedstock and well workovers. Despite these operational gains, estimated FY 2025 revenue was approximately US$118 million, down from US$137.1 million in FY 2024, primarily due to natural production decline at the Chinarevskoye field and lower Brent crude oil prices. The company's unrestricted cash balance stood at over US$143 million as of December 31, 2025, with a net reduction of approximately US$7 million during the year. Nostrum anticipates 2026 average daily production for the Chinarevskoye field to be between 5,000 and 6,000 boepd. Disclaimer*
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, 30 January 2026\n \n \nOperational Update for the fourth quarter and year ended 31 December 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 year ended 31 December 2025 (\"FY 2025\") and provides production guidance for 2026. This update is being issued in advance of the release of Nostrum's audited consolidated accounts for the same period. The financial information disclosed in this announcement is unaudited and remains subject to the completion of Nostrum's year-end external audit.\n \nViktor Gladun, Chief Executive Officer of Nostrum Oil & Gas, commented:\n \n\"Nostrum remains dedicated to driving strategic growth through strong leadership while upholding the highest standards of health and safety.\n \n2025 was a year of continued operational and strategic progress, achieved despite lower oil prices and natural decline at the mature Chinarevskoye Field. The business demonstrated resilience through reliable operations, disciplined capital management, and a 23.2% increase in average processed volumes, driven by the ramp‑up of third-party feedstock and stable plant performance. Together with the successful drilling and workover programme at Chinarevskoye, this resulted in higher titled production and sales volumes year-on-year. New well 116_1 was brought onstream at the end of November 2025 following the successful completion activities and is delivering production levels consistent with management's expectations.\n \nDuring the year, we advanced planning for the Stepnoy Leopard development options while ensuring alignment with project objectives and regulatory requirements.\n \nLooking ahead, Nostrum remains focused on maximising asset value, deepening strategic partnerships, restructuring debt maturing in June 2026, maintaining financial discipline, and delivering enduring...