Royal Decree 25/2021 Approving the Assignment by Tethys Oil Montasar Limited of 50% of Its Rights and Obligations in the Petroleum Agreement Signed on 14 November 2017 for Block 49 to EOG Resources Muscat Block 49 SPC

We, Haitham bin Tarik, the Sultan of Oman

after perusal of the Basic Statute of the State,

the Oil and Gas Law promulgated by Royal Decree 8/2011,

Royal Decree 49/2017 Approving the Petroleum Agreement Signed between the Government of the Sultanate of Oman and Tethys Oil Montasar Limited for Block 49,

and the collection of documents upon which Tethys Oil Montasar Limited assigned 50% of its rights and obligations in the petroleum agreement signed on 14 November 2017 for Block 49 to EOG Resources Muscat Block 49 SPC, which accepts this assignment,

and in pursuance of public interest,

have decreed as follows

Article I

The assignment by Tethys Oil Montasar Limited of 50% of its rights and obligations in the petroleum agreement signed on 14 November 2017 for Block 49 to EOG Resources Muscat Block 49 SPC is hereby approved. The final shares of the parties to the agreement are as follows:

50% for Tethys Oil Montasar Limited.

50% for EOG Resources Muscat Block 49 SPC.

Article II

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

Issued on: 25 Rajab 1442
Corresponding to: 9 March 2021

Haitham bin Tarik
Sultan of Oman

Published in Official Gazette 1383 issued on 14 March 2021.