ORDER OF THE MINISTER OF ENERGY OF THE REPUBLIC OF KAZAKHSTAN

of March 19, 2024 No. 121

About modification and amendments in the order of the Minister of Energy of the Republic of Kazakhstan of June 11, 2018 No. 233 "About approval of standard contracts on subsurface use"

I ORDER:

1. Bring in the order of the Minister of Energy of the Republic of Kazakhstan of June 11, 2018 No. 233 "About approval of standard contracts on subsurface use" (it is registered in the Register of state registration of regulatory legal acts for No. 17140) the following changes and amendments:

in the Standard contract on exploration and production of hydrocarbons approved by the specified order:

1) Preambles to be reworded as follows the subitem:

"1) according to article 6 of the Constitution of the Republic of Kazakhstan subsoil belongs to the people of the Republic of Kazakhstan, on behalf of the people the property right performs the state;";

be reworded as follows Item 8:

"8. The duration of the contract specified in Item 5 of the Contract can be extended by means of the conclusion by the Parties of the supplement to contract or its statement in the new edition in case of prolongation of the period (periods) of production on the site (sites) of subsoil according to the procedure and on the conditions established by the Code for date of such prolongation.

If the Contract corresponds to the standard contract, in case of prolongation of the period of production between the subsoil user and Competent authority within one month from the date of decision making about prolongation the supplement to contract providing prolongation of the period of production consists.

If the contract does not correspond to the standard contract, in case of prolongation of the period of production between the subsoil user and competent authority within two months from the date of decision making about prolongation the contract for hydrocarbon production in the new edition drafted according to the standard contract on hydrocarbon production is signed.";

be reworded as follows Item 18:

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