Nostrum Oil & Gas Plc ABOUT OPERATIONS SUSTAINABILITY INVESTORS CAREERS MEDIA CONTACT Strategy Nostrum is focused on realising the significant value of its gas processing infrastructure. Our Purpose To work as a team with people who constantly strive to develop their business and technical skills to ensure excellence across our value chain. Our Vision We have a new vision to add value to the region through the utilisation of our state of the art infrastructure. A strategy for the future Commercialise world-class gas processing infrastructure 2020 priorities Advance ongoing discussions with third parties interested in supplying raw gas to completely fill the Group’s spare capacity KPIs Conclude commercial processing contracts such as Ural Oil & Gas LLP in 2018 Risks Ongoing negotiations with various counterparties are complex and commercially sensitive and there can be no certainty that agreement will be reached. Forecasts, objectives and prospects for 2020-2022 Execute binding commercial contracts to fill the Group’s spare gas processing capacity with third party volumes. Safety at the core of our operations 2020 priorities Ensure the safety of employees, contractors and the environment. Continue roll out of ‘Golden Rules’. Implement contractor management framework KPIs Lost time injury frequency Total recordable injury frequency Risks Legal framework for environmental protection and operational safety still being developed in Kazakhstan Impact of equipment failure Forecasts, objectives and prospects for 2020-2022 Improve contractor safety management Improve Supervisor HSE competence Reduce costs and preserve capital 2020 priorities Reduce cost base in line with new strategy to focus on processing third party volumes Reductions to be realised in all cost categories against 2019 levels (operating, G&A, CAPEX) KPIs G&A below US$20 million Operating costs below US$50 million Risks Sustained higher prices can lead to cost inflation in Kazakhstan Restructuring charges may offset effect of some cost reductions Further spend on reservoir assessment might be needed The halting of drilling will have a negative short term impact on working capital Forecasts, objectives and prospects for 2020-2022 Manage cash resources to rensure that the Company remains a going concern. Reservoir management and well productivity 2020 priorities Utilise workover rigs and other technologies to manage existing production decline in a cost-effective way. Continue studies to identify viable technologies to mitigate sub-surface risks for future drilling planning KPIs Finalised construction of potential second Low Pressure System to prolong life of ageing gas-condensate wells Maximised uptime of existing wells and production facilities Risks At low production levels, unexpected sub-surface events could severely impact the Group’s operating cash flow forecasts Forecasts, objectives and prospects for 2020-2022 Reduce decline rates in existing producing wells Identify technologies to increase well productivity and reduce sub-surface risk for future drilling programmes at Chinarevskoye Strategy Board Management Governance Governance Framework Committees History 9th Floor 20 Eastbourne Terrace London W2 6LG United Kingdom +44 20 3740 7430 Modern Slavery and Transparency Statement Privacy & Cookies Policy Disclaimer © 2021 Nostrum Oil & Gas Plc Website by BRIGHTER*IR follow us on linked in