We, Haitham bin Tarik, the Sultan of Oman
after perusal of the Basic Statute of the State,
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,
and the collection of documents by which BP Exploration (Epsilon) Limited assigned 20% of its rights and obligations in the amended petroleum agreement signed on 8 November 2016 for Block 61 to PTTEP MENA Limited, which accepts this assignment,
and in pursuance of public interest,
have decreed as follows
The assignment by BP Exploration (Epsilon) Limited of 20% of its rights and obligations in the amended petroleum agreement signed on 8 November 2016 for Block 61 to PTTEP MENA Limited is hereby approved. The final shares of the parties to the agreement shall be as follows:
– 40% for BP Exploration Epsilon Limited.
– 30% for Makarim Gas Development LLC.
– 20% for PTTEP MENA Limited.
– 10% for PC Oman Ventures Limited.
This decree shall be published in the Official Gazette, and comes into force on the date of its issuance.
Issued on: 9 Sha’ban 1442
Corresponding to: 23 March 2021
Haitham bin Tarik
Sultan of Oman
Published in Official Gazette 1385 issued on 28 March 2021.