Royal Decree 44/2018 Approving the Assignment by Makarim Gas Development LLC of 10% of Its Rights and Obligations in the Amended Petroleum Agreement Signed on 8 November 2016 for Block 61 to PC Oman Ventures Limited

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 17/2007 Approving the Petroleum Agreement between the Government of the Sultanate of Oman and the British Petroleum (BP Amoco Exploration Epsilon Limited) for Block 61,

Royal Decree 11/2014 Approving the amended Petroleum Agreement between the Government of the Sultanate of Oman and the British Petroleum (BP Exploration Epsilon Limited) for Block 61,

Royal Decree 14/2017 Approving the Amended Petroleum Agreement between the Government of the Sultanate of Oman, BP Exploration Epsilon Limited, and Makarim Gas Development LLC for Block 61

and the collection of documents by which Makarim Gas Development LLC assigned 10% of its rights and obligations in the amended petroleum agreement signed on 8 November 2016 for Block 61 to PC Oman Ventures Limited, which accepts this assignment,

and in pursuance of public interest,

have decreed as follows

Article I

The assignment by Makarim Gas Development LLC of 10% of its rights and obligations in the amended petroleum agreement signed on 8 November 2016 for Block 61 to PC Oman Ventures Limited is hereby approved. The final shares of the parties to the agreement shall be as follows:

60% for BP Exploration Epsilon Limited.

30% for Makarim Gas Development LLC.

10% for PC Oman Ventures Limited.

Article II

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

Issued on: 10 Rabi Al-Thani 1440
Corresponding to: 18 December 2018

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 1273 issued on 23 December 2018.