Russia and the region are endowed with one of the world’s most diverse and rich reserves of natural resources. Baring Vostok funds have actively invested in energy and forestry companies starting from the early privatisation projects of the 1990s, and later with the establishment of Burren Energy, an international oil company with assets in the Caspian region, in Africa, India and the Middle East. Since 1994, The funds have invested in a total of 18 projects related to natural resources, with total investments approximately $450 million .
Nostrum Oil & Gas

Nostrum Oil & Gas

Oil and gas company developing the Chinarevskoye field in Kazakhstan
Location:
Uralsk, Kazakhstan
Year of initial investment:
2008
Shareholding:
Minority stake

Nostrum Oil & Gas (formerly Zhaikmunai) is a multi-field E&P enterprise currently operating in north-west Kazakhstan. Its main producing asset is the Chinarevskoye field located in the northern part of the oil-rich pre-Caspian basin. Other assets currently include the Rostoshinskoye field, the Darjinskoye field, and the Yuzhno-Gremyachenskoye field, which are all located in the vicinity of the Chinarevskoye field and its Gas Treatment Facility (GTF).

Nostrum Oil & Gas focuses on creating long-term shareholder value through the exploration and development of oil and gas reserves as well as the production and sale of crude oil, stabilised condensate, LPG and dry gas. The Company is committed to a long-term strategy of developing its hydrocarbon fields efficiently, as part of its environmentally friendly and socially responsible approach.

The company showed strong operating results in 2013, increasing average daily production by 25% to 46,178 barrels of oil equivalent per day (boepd). The Company had revenues of $895 million (21% up y-o-y).

BVPEF IV (as an anchor investor) invested into the company when the company needed capital to complete GTF construction in 2009. This investment enabled the Company to complete the construction and bring gas-condensate production from zero to the current level of more than 3.5mln cub meters/day of dry gas, 400t/day of LPG and 1600t/day of stabilized condensate. Oil production remains at more than 800t/day level.

Currently, the company is designing the third train of the GTF and construction is expected to commence in 2015. This will more than double the Company’s production capacity bringing to almost 100,000 boepd once fully operational.

Other projects

News

31 January 2017

Nostrum Oil & Gas: Operational Update for the Fourth Quarter and the Twelve Months ending 31 December 2016.

Nostrum Oil & Gas PLC, an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin, today announces its operational update for the twelve months period ending 31 December 2016. This update is being issued in advance of the release of Nostrum’s consolidated accounts for the same period. The information contained in this update remains subject to review by the independent auditors.
29 November 2016

Volga Gas Pls. LPG Project Authorisation.

Volga Gas Plc is pleased to announce that the Board of the Company has given preliminary authorisation to a project based at the Group's Dobrinskoye Gas Processing plant for the capture, storage and sale of liquid petroleum gases from the gas and condensate streams produced from the Vostochny Makarovskoye and Dobrinskoye fields.
02 May 2012

AVITO.ru closes $ 75 million fund-raising from Accel Partners and Baring Vostok Private Equity Fund IV to accelerate Russian expansion.

<p>AVITO.ru, the largest online classifieds website in Russia, announced today that it has received $75 million in new funding from Baring Vostok Private Equity Fund IV, Accel Partners, and existing investors Kinnevik and Northzone. The new funds will be used to further fuel the company’s strong growth throughout Russia and to continue attracting world-class talent.</p>