Resultados del año completo
GENERO
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15:14 03/05/24
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ESTE ANUNCIO CONTIENE INFORMACIÓN INTERIOR
Londres, 19 Abril 2024
Resultados del año completo para el año que finalizó el 31 de diciembre de 2023
Delivering our mixed-asset energy strategy
Nostrum Oil & Gas PLC (LSE: NOG) ("Panacea", o el "Empresay junto con sus subsidiarias, la "Grupo"), una empresa independiente de petróleo y gas que se dedica a la producción, desarrollo y exploración de petróleo y gas en la cuenca pre-Caspia, se complace en anunciar sus resultados financieros consolidados para todo el año para los doce meses finalizados el 31 de diciembre de 2023 ("FY 2023" ), junto con la publicación de su Informe Anual 2023.
Nostrum's management team will present the FY 2023 Results and will be available for a Q&A session with analysts and investors at 2pm UK time, 22 April 2024. If you would like to participate in this call, please register by clicking on the following link and following instructions: Convocatoria de Resultados
Arfan Khan, director ejecutivo de Nostrum Oil & Gas, comentó:
"2023 has been a transformative year for Nostrum, as it commenced execution of its mixed-asset energy strategy by implementing key catalyst projects.
We successfully completed the restructuring of our bonds, leading to a strengthened balance sheet and helping to safeguard our cash reserves. This financial stability enabled us to expand our upstream portfolio, notably through the acquisition of the Stepnoy Leopard fields and commencement of a limited-scale drilling program at the Chinarevskoye field. In our midstream business, we achieved a major milestone by starting to process third-party feedstock from Ural Oil & Gas ("Ural O&G") in our gas treatment facility.
The financial performance of the Group in 2023 was helped by the improved production performance from the gas-lift expansion and improved netbacks under new off-take agreements. However, revenues decreased year-on-year by 40% due to the continued high production declines of the mature Chinarevskoye field, in combination with lower average Brent prices of $82/bbl compared with $101/bbl for 2022. Consequently, our EBITDA was reduced to US$42 million, with an EBITDA margin of 35.2%, reflecting the impact of reduced revenues against a largely fixed operating cost base.
In 2023, we further strengthened our ESG task force. As evaluated by Sustainalytics, our ESG Risk Rating improved to 30.1 from 40.1 in 2022, transitioning Nostrum to within 0.1 point of the "Medium Risk" categoryand ranking Nostrum among the top 10% best ESG performing companies in the Oil & Gas Exploration and Production sector according to Sustainalytics ranking.
As we transition into 2024, I am enthusiastic about the future and the forthcoming commercial opportunities. Nostrum is poised to advance its strategic objectives, contributing to regional development, supporting Kazakhstan's energy transition, and enhancing value for our investors and stakeholders."
2023 Destacados
Finanzas
· Revenues of US$119.6m with average 2023 Brent prices of US$82/bbl (FY2022: revenues of US$199.7m, average Brent price of US$101/bbl). From 2023, the Company negated the adverse impact of Urals-Brent spread on oil and gas condensate exports, by using alternative delivery routes and destinations which resulted in improved netbacks in 2023 vs 2022.
· Comparable1 of US$42.1m (2022: US$115.7m) and EBITDA1 margen del 35.2% (año fiscal 2022: 57.9%).
· Unrestricted cash position at 31 December 2023 of US$161.7m (31 December 2022: US$233.6m). US$25.2m remained as restricted cash at 31 December 2023 (31 December 2022: US$31.0m), including US$16.5m held in a debt service retention account under the terms of the bond trust deeds (31 December 2022: US$22.8m in escrow account under the forbearance agreement).
· The Group continued focusing on cost optimisation to help manage liquidity, with increases necessary to support the growth projects such as Ural O&G processing and Stepnoy Leopard appraisal and project development.
Operacional
Chinarevskoye Field
· La producción diaria después del tratamiento promedió 10,091 boepd (2022: 13,200 boepd).
· Los volúmenes de ventas diarios promediaron 8,874 boepd (2022: 12,524 boepd).
· Two-well drilling programme commenced to keep the balance between investment in risk-based opportunities and maintaining our license commitments for the Chinarevskoye field.
· Successfully launched the expansion of Gas lift system, almost doubling thew total field gas lift capacity and helped to slow down the production decline from the Chinarevskoye field.
· Total Proven plus Probable ("2P") reserves of 23.2 million barrels of oil equivalent ("mmboe") and together with 8.2 mmboe of Possible reserves a total "3P" reserves of 31.4 mmboe, based on the management's estimates updated from the annual reserves audit conducted by Ryder Scott as of 31 December 2022.
Campos de leopardo Stepnoy
· Acquisition of 80% stake in Positiv Invest LLP for a cost of US$20 million, commencing the transition to a multi-asset company.
· 2-well appraisal programme close to completion.
· Final Investment Decision approved for the initial field development phase of the Stepnoy Leopard fields, budgeted at US$100 million gross and planned to be financed from the Company's own cash reserves and forecast project cashflows.
Ural Oil & Gas Processing
The tie-back project commenced with 300 th.m3 of raw gas per day from U-21 well in December 2023 and continues to ramp-up. Ural O&G plan to connect an additional four wells during H2 2024 with an estimated 1.5mn m3 of raw gas per day from these four wells.
This collaboration with Ural O&G represents a pivotal moment for us as we expand the utilisation of our world-class treatment facilities and position ourselves as a preferred partner for handling and processing third-party gas in Western Kazakhstan. Our state-of-the-art infrastructure is designed to process up to 4.2 bcm per annum or more of third-party gas, offering faster processing solutions at significantly reduced costs compared to other alternatives. The realisation of the Ural O&G tie-back project is a proof-of- concept for commercialisation of the stranded gas-fields in West Kazakhstan that would otherwise not be economic as stand-alone developments.
GTU-3 Gas Plant Re-start
The Company successfully re-started its c.$750 million state-of-the-art GTU-3 gas plant, with an additional 2.5 billion cubic metres per annum gas processing capacity and resulting in improved efficiency in the extraction of LPG by 15%-20%.
ESG
· Total Recordable Incidents Rate ("TRIR") of 0.75 for 2023 (2022:1.56).
· Lost Time Injury Rate ("LTIR") of 0.37 for 2023 (2022: zero).
· Road Traffic Incidents Rate ("RTI") rate of zero.
· One contractor fatality in a height-related incident. The Company undertook a comprehensive investigation and implemented measures to avoid such incidents in the future.
· ESG Risk Rating, from the from the international rating agency Sustainalytics, improved to 30.1 from 40.1 in 2022, transitioning Nostrum to within 0.1 point of the "Medium Risk" category and ranking Nostrum among the top 10% best ESG performing companies in the Oil & Gas Exploration and Production sector according to Sustainalytics ranking.
· Nostrum joined the National ESG-Club in 2023 which unites companies that are leaders in ESG transformation in their industries and who actively promote the principles of sustainable development in Kazakhstan.
· Nostrum obtained "B-" score for the climate change module and "B-" for water security module (according to CPD score reports).
Resultados del tercer trimestre de 2024
· The Company plans to release its unaudited and unreviewed interim condensed consolidated accounts for the three months ending 31 March 2024 on or around 31 May 2024.
The Company's results materials will be available to download on Nostrum's website.
Notas al comunicado de prensa
1 Comparable se define como ganancia antes de impuestos + gastos no recurrentes + costos financieros + pérdida/(ganancia) cambiaria + ajustes de opciones sobre acciones de los empleados + depreciación - ingresos por intereses + otros gastos/(ingresos).
LEI: 2138007VWEP4MM3J8B29
Más consultas
Nostrum Oil & Gas PLC
Petro Mychalkiw
Director Financiero
Socios de Instinctif - Reino Unido
chico scarborough
Vivian lai
+ 44 (0) 207 457 2020
Persona que notifica
Tomas Hartnett
Secretaria de Empresa
Acerca de Nostrum Petróleo y Gas
Nostrum Oil & Gas PLC is an independent oil and gas company currently engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin. Its shares are listed on the London Stock Exchange (ticker symbol: NOG). The principal producing asset of Nostrum Oil & Gas PLC is the Chinarevskoye field, which is operated by Zhaikmunai LLP, a wholly-owned subsidiary of Nostrum Oil & Gas PLC and the sole holder of the subsoil use rights with respect to the development of the field.
Declaraciones a futuro
Algunas de las declaraciones en este documento son prospectivas. Las declaraciones prospectivas incluyen declaraciones sobre la intención, la creencia y las expectativas actuales de la Compañía o sus funcionarios con respecto a diversos asuntos. Cuando se usan en este documento, las palabras "espera", "cree", "anticipa", "planea", "puede", "hará", "debería" y expresiones similares, y las negativas de las mismas, tienen por objeto identificar buscando declaraciones. Tales declaraciones no son promesas ni garantías y están sujetas a riesgos e incertidumbres que podrían causar que los resultados reales difieran materialmente de los sugeridos por dichas declaraciones.
Ninguna parte de este anuncio constituye, o se considerará que constituye, una invitación o incentivo para invertir en la Compañía o en cualquier otra entidad, y se advierte a los accionistas de la Compañía que no depositen una confianza indebida en las declaraciones prospectivas. Salvo que lo exijan las reglas de cotización pertinentes y la ley aplicable, la Compañía no se compromete a actualizar ni cambiar ninguna declaración prospectiva para reflejar eventos que ocurran después de la fecha de este anuncio.
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