We, Qaboos bin Said, the Sultan of Oman
after perusal of the Basic Statute of the State issued by Royal Decree 101/96,
the Oil and Minerals Law issued by Royal Decree 42/74,
the contract dated 17 May 1997 by which Philips Petroleum Oman Limited assigned 25% (twenty-five percent) of its rights and obligations in the petroleum agreement signed on 15 July 1996 to Maersk Oil Oman AS, which accepts this assignment,
and the letter of the Minister of Oil and Minerals dated 13 April 1997 approving the assignment,
and in pursuance of public interest,
have decreed as follows
Article I
The assignment by Philips Petroleum Oman Limited of 25% (twenty-five percent) of its rights and obligations in the mentioned petroleum agreement signed on 15 July 1996 to Maersk Oil Oman AS is hereby approved. The final shares of the parties to the agreement are as follows:
75% for Philips Petroleum Oman Limited.
25% for Maersk Oil Oman AS.
Article II
This decree must be published in the Official Gazette, and comes into force from the date of its issuance.
Issued on: 12 Rajab 1418
Corresponding to: 12 November 1997
Qaboos bin Said
Sultan of Oman
Published in Official Gazette 611 issued on 15 November 1997.