On 24 November 2022 Senate of the RoK Parliament has approved
draft amendments to the Code of the Republic of Kazakhstan "On
Subsoil and Subsoil Use".
Amendments, inter alia, provide for the possibility to conclude
two new types of subsoil use contracts for hydrocarbons
("HC"):
- contract for exploration and production of HC for a
"complex project";
- contract for production of HC for a "complex
project".
What is a "complex
project"?
"Complex" projects will be:
- offshore projects on exploration/production of HC within the
Kazakhstani sector of the Caspian or Aral Sea.
- onshore projects on exploration/production of gas with an
oil–saturated part of ≤ 25% of the total HC volume.
