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,
and the collection of documents by which Maha Energy (Oman) Ltd assigned 35% of its rights and obligations in the petroleum agreement signed on 5 October 2020 for Block 70 to Mafraq Energy LLC, which accepts this assignment,
and in pursuance of public interest,
have decreed as follows
Article I
The assignment by Maha Energy (Oman) Ltd of 35% of its rights and obligations in the petroleum agreement signed on 5 October 2020 for Block 70 to Mafraq Energy LLC is hereby approved. The final shares of the parties to the agreement shall be as follows:
– 65% Maha Energy (Oman) Ltd.
– 35% Mafraq Energy LLC.
Article II
This decree shall be published in the Official Gazette, and comes into force on the date of its issuance.
Issued on: 5 Jumada Al-Awwal 1444
Corresponding to: 29 November 2022
Haitham bin Tarik
Sultan of Oman
Published in Official Gazette 1470 issued on 4 December 2022.