We, Qaboos bin Said, the Sultan of Oman
after perusal of the Basic Statute of the State promulgated by Royal Decree 101/96,
the Oil and Gas Law promulgated by Royal Decree 8/2011,
and the collection of documents by which Rex Oil & Gas Ltd and Petroci Holding for Offshore Concession Block 50 assigned all their rights and obligations in the Petroleum Agreement signed on 28 February 2011 to Masirah Oil Limited,
and in pursuance of public interest,
have decreed as follows
Article I
The assignment by Rex Oil & Gas Ltd and Petroci Holding for offshore concession block 50 of all their rights and obligations in the Petroleum Agreement signed on 28 February 2011 to Masirah Oil Limited is hereby approved.
Article II
This decree must be published in the Official Gazette, and comes into force on the date of its issuance.
Issued on: 17 Ramadan 1432
Corresponding to: 17 August 2011
Qaboos bin Said
Sultan of Oman
Published in Official Gazette 942 issued on 5 September 2011.