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Nostrum - Stepnoy Leopard Oil Fields Development

Project Name: Stepnoy Leopard Fields Development

Project Description:The Stepnoy Leopard Fields, officially known as the Kamensko-Teplovsko-Tokarevskoe area, comprise eight hydrocarbon fields in the West Kazakhstan Region. Discovered during the Soviet era, these fields have remained undeveloped due to a lack of infrastructure. Nostrum Oil & Gas PLC, through its 80% subsidiary Positiv Invest LLP, plans to develop these fields by drilling four wells in the initial phase, targeting recoverable resources between 30 million and 50 million barrels of oil equivalent (mmboe).The extracted raw sour gas and liquids will be transported via a 120-kilometer multiphase trunkline to Nostrum's Chinarevskoye processing facilities.

Current Status:Final Investment Decision (FID) approved; initial field development phase underway.

Start Date: September 2023 (Appraisal Program Commenced)

End Date: First production targeted for the end of 2026

Investment Volume (in thousands USD): 100,000

Location:Approximately 60-120 km west of the Chinarevskoye field, within 10 km of the oil and condensate loading terminal at Beles, West Kazakhstan Region, Kazakhstan.

Investor / Customer: Nostrum Oil & Gas PLC

Company Details (Parent Company – Nostrum Oil & Gas PLC):

  • Address: 20 Eastbourne Terrace, London W2 6LG, United Kingdom

  • Phone: +44 20 3740 7430

  • Email: ir@nog.co.uk

  • Website: www.nog.co.uk

Local Contacts:

Zhaikmunai LLP – Operating Company

  • Address: 43/1 Karev Street, 090000 Uralsk, Republic of Kazakhstan

  • Phone: +7 7112 933 900

  • Fax: +7 7112 933 901

Key People and Contact Details:

Other Important Details:

  • Reserves: The Stepnoy Leopard Fields have estimated proved plus probable (2P) gross reserves of 138 mmboe, with approximately 25% being liquids.

  • Acquisition: Nostrum Oil & Gas PLC completed the acquisition of an 80% interest in Positiv Invest LLP, which holds the subsoil use rights to the Stepnoy Leopard Fields, in July 2023 for $20 million.

  • Infrastructure: The development includes constructing a 120-km multiphase trunkline to transport extracted resources to existing processing facilities.

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