Nostrum Oil & Gas (LSE:NOG) Construction In Progress : £0.98 Mil (As of Mar. 2023)

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What is Nostrum Oil & Gas Construction In Progress?

Nostrum Oil & Gas's quarterly construction in progress declined from Jun. 2022 (£2.26 Mil) to Dec. 2022 (£1.37 Mil) and declined from Dec. 2022 (£1.37 Mil) to Mar. 2023 (£0.98 Mil).

Nostrum Oil & Gas's annual construction in progress increased from Dec. 2021 (£1.07 Mil) to Dec. 2022 (£1.37 Mil) but then declined from Dec. 2022 (£1.37 Mil) to Dec. 2023 (£0.63 Mil).

Nostrum Oil & Gas Construction In Progress Historical Data

The historical data trend for Nostrum Oil & Gas's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
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Nostrum Oil & Gas Construction In Progress Chart

Nostrum Oil & Gas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Construction In Progress

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0.32

0.44

1.07

1.37

0.63

Nostrum Oil & Gas Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Dec23
Construction In Progress	Get a 7-Day Free Trial															2.12	2.26	1.37	0.98	0.63

Nostrum Oil & Gas Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Nostrum Oil & Gas (LSE:NOG) Business Description

Industry

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Traded in Other Exchanges

NOGl:UK 3NO0:Germany

Address

20 Eastbourne Terrace, London, GBR, W2 6LG

Website

https://www.nog.co.uk

Nostrum Oil & Gas PLC is engaged in the production, development, and exploration of oil and gas in Kazakhstan. It provides the market with crude oil, stabilized liquid condensate, liquefied petroleum gas, and dry gas. Most of the company's production is derived from licensed assets in the pre-Caspian basin that can be found in western Kazakhstan. In addition to handling the production of its oil assets, Nostrum handles marketing and transportation. It has a network of pipelines and terminals that help ship products to a variety of end markets. Its client base includes a host of international customers.