ORDER OF THE GOVERNMENT OF THE RUSSIAN FEDERATION

of October 12, 2022 No. 1808

About measures for implementation of the Presidential decree of the Russian Federation of October 7, 2022 No. 723

In pursuance of the Presidential decree of the Russian Federation of October 7, 2022 "About application of additional special economic measures in the fuel and energy sphere in connection with unfriendly actions of some foreign states and the international organizations" the Government of the Russian Federation decides No. 723:

1. According to the subitem "an" of Item 1 of the Presidential decree of the Russian Federation of October 7, 2022 No. 723 "About application of additional special economic measures in the fuel and energy sphere in connection with unfriendly actions of some foreign states and the international organizations" (further - the Presidential decree of the Russian Federation) to create Sakhalin-I limited liability company (further - society).

2. Society is considered created from the date of entering into the Unified State Register of Legal Entities of data on creation of society.

3. The managing director of society sends properly drawn up notification to consortium of investors (consolidation of the legal entities performing the activities on the basis of cooperation agreement without formation of legal entity) for the Production sharing agreement concerning development of fields of Chayvo, to Odopt and Arkutun-Dagi concluded on June 30, 1995 (further respectively - the Agreement, consortium), about creation of society from the date of entering into the Unified State Register of Legal Entities of data on creation of society.

4. Determine that:

the size of the authorized capital of society constitutes 10000 rubles. At the same time to consider the authorized capital of society completely paid;

the location of society is Yuzhno-Sakhalinsk.

5. In one-day time from the date of entry into force of this resolution to provide to the Federal Tax Service entering into the Unified State Register of Legal Entities of data, having limited access to data:

about members (founders) of society;

about creation of society;

about participation of Sakhalinmorneftegaz Shelf joint-stock company in society from shares in the authorized capital in the amount of percent 11,5 nominal value of 1150 rubles;

about participation of RN-Astra joint-stock company in society from shares in the authorized capital in the amount of percent 8,5 nominal value of 850 rubles;

about the share in the authorized capital of society belonging to society in the amount of 80 percent nominal value of 8000 rubles.

6. Approve the enclosed charter of Sakhalin-I limited liability company.

7. Appoint by the managing director of society Sakhalinmorneftegaz Shelf joint-stock company, and also determine that the Sakhalinmorneftegaz Shelf joint-stock company performs activities for management of transactions and production of all works within the Agreement, including employment of personnel, the conclusion of service provision agreements and works for the purpose of execution of the Agreement, but without being limited to them.

8. In 14-day time from the date of its creation to provide to society forming of balance of society on the basis of balance of consortium on condition of timely transfer by consortium to society of the property belonging to consortium (except for the property which is subject to transfer to federal property according to the subitem "b" of Item 1 of the Presidential decree of the Russian Federation), including money, at the same time forming and signing of delivery-acceptance certificates of property between consortium and society are not required.

9. To consortium and the operator of consortium (Exxon Neftegaz Limited company) for the purpose of providing continuity and safety of activities of production facilities:

provide the translation of personnel, and to provide to Sakhalinmorneftegaz Shelf joint-stock company acceptance of employees of operator of consortium (its Russian branch and representation) in Sakhalinmorneftegaz Shelf joint-stock company;

provide transfer to Sakhalinmorneftegaz Shelf joint-stock company of all agreements which were signed for the purposes of realization agreements.

10. Determine that:

according to the subitem "an" of Item 1 of the Presidential decree of the Russian Federation pass to society the rights and obligations of consortium under the Agreement;

The agreement is subject to execution according to the conditions determined in it and taking into account provisions of the Presidential decree of the Russian Federation as the agreement signed before entry into force of the Federal Law "About Production Sharing Agreements" according to Item 7 of article 2 of the specified Federal Law and also as the agreement signed before entry into force of the Federal Law "About Gas Export" - according to part 2 of article 2 of the specified Federal Law;

from the moment of creation society performs the activities according to the Agreement taking into account stated in this Item, and also taking into account provisions of Item 14 of this resolution;

from the moment of creation society and its participants according to the procedure, determined by the Agreement, have the full and unlimited right to implement, including for export, all amounts of the uglevodorovod got within the Agreement which are due to them;

pass the rights to use intellectual property, and also the property right to all property, including to money of consortium to society, at the same time the Sakhalinmorneftegaz Shelf joint-stock company has the right to use gratuitously intellectual property items and property of society for the purposes of implementation of activities for management of transactions and to production of all works within the Agreement;

opening shall be provided with credit institutions to society of settlement and other accounts within one day from the moment of the corresponding appeal of society;

to credit institutions in which the consortium and (or) the operator open the settlement and other accounts constituting property of consortium according to the written appeal of society to make within one day transfer of all money into the account of society. Availability of the arrest (suspension of account transactions in bank) imposed in accordance with the legislation of the Russian Federation according to obligations of consortium and (or) any of his participants does not interfere with money transfer into accounts of society and money is transferred without such encumbrance;

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info