We, Qaboos bin Said, the Sultan of Oman
after perusal of the Basic Statute of the State promulgated by Royal Decree 101/96,
and the collection of documents by which Medco Arabia Ltd assigned a third of its rights and obligations of the petroleum agreement signed on 20 November 2014 for Block 56 to Biyaq Oilfield Services LLC, which accepts this assignment,
and in pursuance of public interest,
have decreed as follows
The assigned by Medco Arabia Ltd of a third of its rights and obligations in the petroleum agreement signed on 20 November 2014 for Block 56 to Biyaq Oilfield Services LLC is hereby approved. The final shares of the parties to the agreement shall be as follows:
50% for Medco Arabia Ltd
25% for Intaj LLC
25% for Biyaq Oilfield Services LLC
This decree shall be published in the Official Gazette, and comes into force on the date of its issuance.
Issued on: 16 Jumada Al-Awwal 1440
Corresponding to: 23 January 2019
Qaboos bin Said
Sultan of Oman
Published in Official Gazette 1278 issued on 27 January 2019.