Royal Decree 15/2016 Approving the Assignment by Tethys Oman Limited of 100% of Its Stake, Rights, and Obligations in the Petroleum Agreement Signed on September 2005 for Block 15 to Odin Energy AS, and Approving the Assignment by Odin Energy AS of 90% of Its Stake, Rights, and Obligations in the Petroleum Agreement Signed on 6 September 2005 for Block 15 to Hydrocarbon Finder LLC

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,

Royal Decree 86/2005 Approving the Petroleum Agreement between the Government of the Sultanate of Oman, Gotoil Resources Limited, and Odin Energy AS,

the collection of documents by which Tethys Oil Oman Limited assigned 100% of its stake, rights, and obligations in the petroleum agreement signed on 6 September 2005 for Block 15 to Odin Energy AS, which accepts this assignment,

and the collection of documents by which Odin Energy AS assigned 90% of its stake, rights, and obligations in the petroleum agreement signed on 6 September 2005 for Block 15 to Hydrocarbon Finder LLC, which accepts this assignment,

and in pursuance of public interest,

have decreed as follows

Article I

The assignment by Tethys Oil Oman Limited of 100% of its stake, rights, and obligations in the petroleum agreement signed on 6 September 2005 for Block 15 to Odin Energy AS is hereby approved.

Article II

The assignment by Odin Energy AS of 90% of its stake, rights, and obligations in the petroleum agreement signed on 6 September 2005 for Block 15 to Hydrocarbon Finder LLC is hereby approved.

Article III

This decree shall be published in the Official Gazette, and comes into force on the date of its issuance.

Issued on: 26 Jumada Al-Awwal 1437
Corresponding to: 6 March 2016

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 1138 issued on 13 March 2016.