About Us
Nostrum is a mixed-asset energy company.
Following the completion of the Restructuring the Company is now focusing on unlocking the full potential and value of its existing world-class gas processing infrastructure.
Our Purpose
To unlock the value of our full potential for all our stakeholders through securing our business by working as a fully integrated team across all disciplines.
Our Values
We are trustworthy and reliable, take our corporate, social and ecological responsibilities seriously, and are dedicated to the health, safety and wellbeing of our employees.
Our Vision
To profitably and materially contribute to the total marketable commercial gas supply in Kazakhstan whilst strengthening a cleaner energy mix.
Our Mixed-Asset Energy Strategy
To evaluate and invest in both upstream and midstream opportunities focusing on those where we see the most favourable risk/reward balance. This could be either by processing third party hydrocarbons in our world-class infrastructure and/or by scaling up our own production. The acquisition of the subsoil use rights to the Stepnoy Leopard fields, a second asset in our upstream portfolio, is in line with our commitment to diversify and strengthen our upstream asset base.
Our key strengths
- Right place, right time
Well located to develop regional resources. Multiple transportation routes to market and full control of liquid transportation logistics.
Nostrum’s existing 4.2 bcma dry gas processing infrastructure is a gamechanger to participate in Kazakhstan’s transition to a cleaner energy strategy and to strengthen its energy security. - A mixed-asset energy company
Offers an advantageous midstream solution to own and potential third-party sources of upstream produced raw gas fields with midstream solutions - Improved balance sheet, robust cash reserves
Following restructuring, Nostrum has a healthy balance sheet with significant cash reserves, lower annual coupon payments, which allow us to focus on future growth. - High-quality local input
A significant number of our contractors and suppliers are local Kazakhstan entities, meaning that we support the local economy. This also means that we are well positioned to maintain operations if access to Kazakhstan is restricted. - Constantly improving ESG performance
- Environment: Highly rated by recognised agencies
ESG Risk Rating is 30.1, placing Nostrum at the lower end of the “High Risk” category, and in the top 10th percentile of Oil and Gas producers. Nostrum’ scores for Climate change and Water Security modules stand at “B-“. - Social: Responsible operations
Safety is a personal and shared responsibility. Everybody working at or visiting our facilities has a right to return home safely and to perform their duties under safe working conditions. - Governance: Experienced Board of Directors and Senior Management
Team Nostrum’s BoD and Senior Management Team is seasoned, close-knit and well-integrated across critical disciplines, with proven skills in project execution and production operations.
What we do
Value we create
Kazakhstan’s Energy Sector
Nostrum is a major supplier of commercial processed gas in Western Kazakhstan for domestic and export markets. Aiming to be the preferred partner of choice for handling and processing third-party gas in Western Kazakhstan.
Workforce
We are one of the leading employers in north-western Kazakhstan, and we hold a valuable key to unlocking future development of otherwise stranded natural resources.
Investors
In February 2023, Nostrum completed the implementation of the restructuring after obtaining all required licenses and approvals. As a result, US$1.125bn of existing notes have been replaced with US250m Senior Secured and US$300m Senior Unsecured notes due in 2026. The remaining portion of existing notes were converted into the Company’s equity and the existing ordinary shareholders were diluted to 11.11%, subject to further dilution if the warrants held by existing noteholders are exercised.
Shareholders and bondholders have provided some of the financing required for drilling and the construction of the Group’s infrastructure.
Local communities
Nostrum operates alongside local communities in Kazakhstan and is committed to fostering strong community engagement while supporting sustainable long-term development in the regions surrounding our operations.
Suppliers, contractors and customers
We are dedicated to fostering long-term, sustainable partnerships with our suppliers, contractors, and customers.
Governments and regulators
Our gas process infrastructure with significant available capacity, located only about 100 km north, offers a compelling value proposition to both RoK and KPO, especially as an alternative to increasing supplies to or from Russia.
Governments and regulators establish the framework within which we conduct our business. Policy, regulatory, legislative, and personnel changes can significantly impact the Group’s operations.