Nostrum has invested US$1bn into its infrastructure in North-western Kazakhstan. The current production levels utilise under 20% of its capacity. Our focus is to try to fill the spare capacity with third party gas. Unlocking this potential is critical to our ability to grow stakeholder value.
Since its independence in 1991, Kazakhstan has established itself as one of the world’s most prolific hydrocarbon centres. During 2018, the country achieved record production with over 1.9million barrels of oil and 2.4 billion cubic feet of gas per day.
Nostrum’s assets are all located in the Pre-Caspian Basin close to the Russian border and in close proximity to some of the most significant hydrocarbon resources in the Former Soviet Union. This advantageous position means that the Company has access to multiple export markets for its products as well as labour and specialist equipment providers. In addition, Nostrum has a substantial amount of spare processing capacity in a region where there is a significant amount of stranded gas and a growing need for gas processing.