Nostrum Oil & Gas: Best Value Creation Strategy Central Asia 2017
Nostrum Oil & Gas keeps it simple: the company explores, develops, and exploits hydrocarbon resources in the Pre-Caspian Basin, west of Kazakhstan’s Mugodzhary mountain range. Operating four fields, the publically-traded company has established a stellar reputation for efficiency and for consistently attaining its corporate objectives.
Listed on the London Stock Exchange, and a constituent of the broader FTSE 250 Index, Nostrum Oil & Gas (NOG) maintains offices in London, Brussels, and St Petersburg.
It is headquartered in Amsterdam. Founded in 1997, to pursue drilling opportunities in Kazakhstan, the company started production in 2000, acquiring additional fields soon after. It debuted on the stock exchange in 2014.
NOG has become one of the largest oil and gas producers in Kazakhstan and boasts a sizeable investment programme to further improve its infrastructure. Thanks to the company’s sustained research efforts, NOG offers investors long-term value creation. The company is expected to shortly complete its drilling programme in the Chinarevskoye field which should significantly boost production to around 70,000 BOE (barrels of oil equivalent) per day – up from the 2017 target of 44,000. Recently, NOG also finished a third gas treatment facility.
The CFI.co judging panel applauds the company’s no-nonsense approach to oil and gas production. By keeping its operations streamlined, NOG has tapped into a formula for sustained growth. The judges are pleased to offer Nostrum Oil & Gas the 2017 Best Value Creation Strategy Central Asia Award.
