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Subsurface Resources Management

Support of Development and Harmonization of Legislative Acts within the Sphere of Subsurface Resources Management
  • The Law of the Republic of Kazakhstan “On Subsurface and Subsurface Use” ;
  • The Law of the Republic of Kazakhstan “On State Regulation of Production and Turnover of Certain Types of Petroleum Products” ;
  • The Law of the Republic of Kazakhstan “On Gas and Gas Supply” ;
  • Participation in the development of the “Code of the Republic of Kazakhstan on Subsurface and Subsurface Use” ;

Within the framework of this service we perform the following activities:

  • Consultative support during development of draft laws of the Republic of Kazakhstan ;
  • Consultative support during coordination of comments and/or proposals with the Developer (a competent body) of the draft law, and other interested state bodies of the Republic of Kazakhstan;
  • Support during the expert examination of draft laws;
  • Support in the coordination of draft laws in the Office of the Prime Minister of the Republic of Kazakhstan;
  • Participation in meetings (working groups) of the KazEnergy Association, a competent body, the Parliament of the Republic of Kazakhstan;

Support of Development and Harmonization of Decrees of the Government of the Republic of Kazakhstan and Intergovernmental Agreements

  • OLYMPEX ADVISERS developed and accompanied the execution of Intergovernmental Agreements on cooperation between Kazakhstan and China, as well as the Decree of the Government related to the construction and operation of the Atasu-Alashankou oil-trunk pipeline;
  • ntergovernmental Agreement between the Government of the Russian Federation and the Government of the Republic of Kazakhstan on trade and economic cooperation in the field of Russian oil transportation through the territory of the Republic of Kazakhstan to China;
  • Agreement between the Republic of Kazakhstan and the Russian Federation on use of the State Flying Test Centre (regarding withdrawal from the Taysogan field);
  • Approval of the Decree of the Government of the Republic of Kazakhstan on determining the recipient of a share on behalf of the state and approval of rules for performance of obligations in kind was necessary within the framework of the Kashagan Project;
  • Development, coordination and adoption of the Decrees of the Government of the Republic of Kazakhstan concerning approval of regulations for classifying a field (group of fields, part of a field) of raw hydrocarbons as low-margin, highly viscous, water-flooded, marginal and worked out, as well as the tax assessment method in terms of the mineral replacement tax;
  • Participation in the development of gasification of the Republic of Kazakhstan master plan preparation and adoption of the Decrees of the Government of the Republic of Kazakhstan.

Development and Support of the Procedure for Coordination of Additional Agreements to the Contract for Subsurface Use under the Following Issues:

  • local content;
  • obligations on social and economic development of the region, training of personnel, etc.;
  • tax and customs stability;
  • harmonization of contracts for customers with a model-based contract.

Counseling on Practical Application of New Legislation in the Field of Subsurface Use:

    Practical implementation of the Law provisions demonstrates that there is a number of norms complicating a production activity of subsurface users:
  • In the production cycle (in particular, issues related to funding of associated gas utilization, etc.)
  • Under procedural provisions (abolition of annual work programs and preparation of a work program for entire period of a contract stage, etc.)
  • On stability of contracts issues (local content, tax and customs stability)
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WE TRUST
OUR PROJECTS
OUR TEAM
Miran MAULENOV
Chairman of the Board (Council of Partners)
Diyar YERESHEV
Managing Partner
Galymzhan ZHAKUPOV
Managing Partner
Yessen MASSALIN
Managing Partner
Serik ZHAMANBALIN
Managing Partner
Assel AGUANOVA
Director of the Transfer Pricing Group
Akbota NAURYZOVA
Director of the Group of Analytical Work
Daniyar NURKEYEV
Director of the Corporate Group
Dana OMAROVA
Director of the Tax Advice and Tax Appeal Group
Yekaterina NURPERZENTOVA
Director of the Litigation Practice Group
About the company
The history of the company
OLYMPEX ADVISERS is working at the Kazakhstani market of consultancy services for more than 15 years. During this period of time our company has gained a reputation of a reliable and responsible partner providing the wide spectrum of services of the highest level and exercising rapidness.
Our backbone
Our team of professionals is our backbone. We respect individuality of every employee and highly appreciate the personal contribution to the common cause. We help the client to understand the situation instead of simply stating what needs to be done. Within 15 years of practice we have worked out our own philosophy of the business approaches.
Consulting for us...
Consulting is not just a business, it is a lifestyle. Every hour of work with a client is unique and precious exactly as an every single day of our lives. We never rest on our laurels. Each of us is striving to see