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Royal Decree

Royal Decree 88/99 Approving the Assignment by Triton Oman Resources Inc of Part of Its Rights and Obligations in the Petroleum Agreement Signed on 10 June 1998

1999/88 88/1999 99/88 88/99

Arabic

We, Qaboos bin Said, the Sultan of Oman

after perusal of the Basic Statute of the State issued by Royal Decree 101/96,

Royal Decree 42/74 Issuing the Oil and Minerals Law,

Royal Decree 42/98 Approving the Petroleum Agreement Signed Between the Government of the Sultanate and Triton Oman Resources Inc,

the documents relating to the assignment by Triton Oman Resources Inc of part of its rights and obligations in the petroleum agreement signed on 10 June 1998 to Atlantis Holding Norway AS,

the assignment contract dated 1 January 1999, under which Triton Oman Resources Inc assigned part of its rights and obligations in the petroleum agreement signed on 10 June 1998 to Atlantis Holding Norway AS,

and the letter of the Minister of Oil and Gas dated 21 August 1999 approving the assignment,

and in pursuance of public interest,

have decreed as follows

Article I

The assignment by Triton Oman Resources Inc of fifty percent (50%) of its total rights and obligations in the petroleum agreement signed on 10 June 1998 to Atlantis Holding Norway AS is hereby approved,. which accepts this assignment, so that the final shares of the parties to the agreement are as follows:

50% Triton Oman Resources Inc

50% Atlantis Holding Norway AS

Article II

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

Issued on: 9 Sha’ban 1420
Corresponding to: 17 November 1999

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 660 issued on 1 December 1999.