Nostrum Oil & Gas

Nostrum is a company that explores, develops, and produces oil and gas in the pre-Caspian Basin. In 2004, Nostrum acquired Zhaikmunai LLP, a company that explored, produced, and sold hydrocarbons derived from Kazakhstan. The company adopted the name Nostrum Oil & Gas Plc in late 2013. In 2014, the company was admitted to the London Stock Exchange, where it also joined the FTSE 250 component. The ticker symbol of the company is NOG.

Besides oil and gas, Nostrum produces stabilized liquid condensate and dry gas. The company heavily invested in infrastructure such that it explores, produces, and transports its own products to off-takers. Nostrum has since expanded from the Chinarevskoye field it inherited from Zhaikmunai LLP to the Yuzhno-Gremyachenskoye field, Darzhinskoye field, and the Rostoshinskoye field. The extra fields have enabled the company to extract and produce 29,516 barrel oil equivalent per day (boepd). Nostrum is headquartered in London, the United Kingdom.

Latest Nostrum Oil & Gas News

UPDATE: Nostrum Production To Stay Flat For Two Years

Nostrum Oil and Gas PLC Wednesday said production will remain flat for the next two years due to the recent decline in oil prices, but said it is fully financed and protected from the low oil price after hedging a...

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