Registration # 1602 as of December 07, 2004
AMENDMENT # 3
TO THE CONTRACT # 482 as of 06.09.2000
For exploration of hydrocarbon resources in the area
"Aksaz-Dolinnaya-Emir"
in Tubkaragan district of Mangistau oblast
between
Ministry of Energy and Mineral Resources
of the Republic of Kazakhstan
(Competent body),
and
Emir Oil, Limited Liability Partnership
(Contractor)
Astana, 2004
The present Amendment # 3 to the Contract # 482 as of 06.09.2000 for exploration
of hydrocarbon resources in the area "Aksaz-Dolinnaya-Emir" in Tubkaragan
district of Mangistau oblast in accordance with the License AI #1552 as of
04.30.1999 concluded on December 7, 2004, between the Ministry of Energy and
Mineral Resources, hereinafter referred to as COMPETENET BODY, and Emir Oil,
Limited Liability Partnership, hereinafter referred to as CONTRACTOR:
Preamble:
In connection with:
- Emir Oil, LLP submitting a request for extension of the Contract
territory in the area Aksaz-Dolinnaya-Emir, located in Tubkaragan
district of the Mangistau oblast;
- Expert Commission of the MEMR RK for review of subsoil users'
applications for amendments of conditions of Licenses and Contracts
(extract from the Minutes # 12 of the Expert Commission meeting as of
July 1, 2004) decided to agree with extension of the Contract territory
in south-east direction within the contours of horizon V" based on
results of 3D seismic, within coordinates provided in the Geologic
allotment.
The Competent body and Contractor agreed to include the following changes and
amendments:
1. Add a second paragraph with the following wording "Total area of the
Contract territory is determined in accordance with the adjusted
geologic allotment in the volume of 464.17 sq. km" to point 4.1 of
Section 4;
2. Point 7.1.1 of Section 7 "Working Program" shall read as follows:
"Minimal volume of works in monetary terms during Exploration Period
shall be equal to: $ 32,000,000 (thirty two million) US Dollars
including expansion of the Contract territory";
3. 6th and 7th lines in the table, point 7.1.1 of Section 7 "Working
Program" shall read as follows:
6. 6th year 6,000,000
7. 7th year 4,500,000
4. In section 16, the following wording "Amendment to the Agreement on
purchase of information # 375 as of 11.03.04 shall be a concurrent part
of the Contract # 482 as of 06.09.2000" shall be added point 16.2.4.4
"Historical Cost Recovery"
5. Adjusted geologic allotment - Attachment # 1 shall be considered a
concurrent part of Amendment # 3 to the Contract # 482;
6. Additional Working Program - Attachment # 2 shall be considered
constituent part of the Contract Working Program.
Text of the present Amendment is drafted in the State and Russian
languages in 3 copies. In case of occurrence of differences between the
state and Russian languages, Russian language version shall have a
priority meaning.
The Present Amendment shall be effective from the moment of signing by
the Parties and shall constitute a concurrent part of the Contract.
The present Amendment has been signed on December 7, 2004, in Astana,
Republic of Kazakhstan, by the authorized representatives of the
Parties in accordance with their authorities.
Competent Body of the Government of the Republic of Kazakhstan:
Ministry of Energy and Mineral Resources
Signature:
Title: First Vice-Minister
Name: Xxxxxxxxxxxxx X.X.
Contractor:
Emir Oil, Limited Liability Partnership
Signature:
Title: Director
Name: Xxxxxxxx T.K.
