At the time of signing the North Caspian Production Sharing Agreement (NC PSA) and the Karachaganak Field Final Production Sharing Agreement (FPSA) at the end of 1997, Kazakhoil CJSC was designated as the Authorized Body in accordance with the decrees of the Government of the Republic of Kazakhstan.

In 2001, in accordance with the resolution of the Government of the Republic of Kazakhstan, the Ministry of Energy and Mineral Resources of the Republic of Kazakhstan was appointed as the Authorized Body for representing the interests of the Government in the PSA NC and FPSA.

In February 2002, in accordance with the Decree of the President of the Republic of Kazakhstan and the decree of the Government of the Republic of Kazakhstan, through the merger of NOC Kazakhoil JSC and NC Oil and Gas Transport JSC, NC KazMunayGas JSC was created, to which the functions of the Authorized Body were transferred.

In 2010, in accordance with the resolution of the Government of the Republic of Kazakhstan, the functions of the Authorized Body were transferred from NC KazMunayGas JSC to the Ministry of Oil and Gas of the Republic of Kazakhstan.

In 2010, in accordance with the Agreement on the Transfer of Property to Trust Management, NC KazMunayGas JSC transferred a 100% stake in the authorized capital of PSA LLP to trust management to the Ministry of Oil and Gas of the Republic of Kazakhstan (after reorganization, to the Ministry of Energy of the Republic of Kazakhstan).

In 2014, in accordance with the resolution of the Government of the Republic of Kazakhstan, the functions of the Authorized Body were transferred to the Ministry of Energy of the Republic of Kazakhstan.

By the Decree of the Government of the Republic of Kazakhstan No. 355 dated June 20, 2016 PSA LLP was determined as the Authorized Body in production sharing agreements.

In 2022, in accordance with the Agreement of Purchase and Sale of the share participation dated December 09, 2022. The only participant of PSA LLP was the Samruk-Kazyna Trust Corporate Fund. In accordance with the Amendment Agreement No. 2 to the Agreement on the transfer of property to trust management, 100% of the participation in accordance with the authorized capital of PSA LLP is in trust management of the Ministry of Energy of the Republic of Kazakhstan.