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FEDERAL LAW OF THE RUSSIAN FEDERATION

of April 1, 2022 No. 75-FZ

About the agreements signed when implementing geological studying, exploration and production of hydrocarbonic raw material and on modification of the Law of the Russian Federation "About subsoil"

Accepted by the State Duma on March 23, 2022

Approved by the Federation Council on March 23, 2022

Chapter 1. General provisions

Article 1. Purpose and sphere of regulation of this Federal Law

1. The purpose of this Federal Law is creation of legal conditions for investment attraction to the sphere of geological studying, exploration and production of hydrocarbonic raw material, and also implementation of investment projects on the basis of implementation by legal entities of joint activities for development of technologies of geological studying, exploration and production of hardly removable minerals on the subsoil plots containing fields of hydrocarbonic raw material (oil, gas and gas condensate), on geological studying and (or) exploration and production of minerals on the subsoil plots containing fields of hydrocarbonic raw material (oil, gas and gas condensate), including on subsoil plots of federal importance, including subsoil plots of federal importance of the continental shelf of the Russian Federation and subsoil plots of federal importance, located in the territory of the Russian Federation and stretching for its continental shelf (further also - activities for development).

2. This Federal Law governs the relations arising in connection with the conclusion, execution and the termination of agreements (the agreement on service risks when implementing activities for development (further - the agreement on service risks) and the management agreement financing of activities for development (further - the management agreement financing), concluded for the purpose of implementation by legal entities of activities for development.

3. The relations which are not settled by this Federal Law are regulated by the civil legislation and the legislation of the Russian Federation on subsoil.

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