During 2019 Nostrum worked to achieve key strategic, financial and operational targets in line with our strategy.
Whilst Nostrum has successfully built infrastructure and produced over 100m boe from the Chinarevskoye field, it has incurred substantial debts of over US$1bn and is now facing declining production from its producing field. This increases the pressure on its financial position and 2020 will be a key year in addressing those challenges. The Company needs to execute its new strategy to be able to go forward.
Net loss (US$m)
Operating cash flow (US$m)
Investing cash flow (US$m)
Operating costs (US$m)
Performing responsibly is integral to our success and to the sustainability of our business. We believe that long-term value comes from seeing success as a part of a bigger picture, encompassing people and the environment. We have set ourselves specific non-financial KPIs to track our record, as we believe it to be the best way to monitor our achievements in relation to environmental, social and governance matters.
Sales volumes (boepd)
26,671 boepd -10%
1P reserves (mmboe)
2P reserves (mmboe)
Total GHG emissions (tCO2e/mmboe)
223 ktCO2e/mmboe +12.0%
Lost Time Injury Frequency (hours)
Total Recordable Injury Frequency (hours)