Royal Decree 60/2023 Approving the Assignment by TotalEnergies EP Oman Block 12 of 30% of Its Rights and Obligations in the Petroleum Agreement Signed on 19 February 2020 for Block 12 to PC Oman Ventures Ltd

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 40/2020 Approving the Petroleum Agreement between the Government of the Sultanate of Oman, Total EP Oman Block 12 BV, and PTTEP MENA Limited for Block 12,

and the collection of documents by which TotalEnergies EP Oman Block 12 BV assigned 30% of its rights and obligations in the petroleum agreement signed on 19 February 2020 for Block 12 to PC Oman Ventures Limited, which accepts that assignment,

and in pursuance of public interest,

have decreed as follows

Article I

The assignment by TotalEnergies EP Oman Block 12 BV of 30% of its rights and obligations in the petroleum agreement signed on 19 February 2020 for Block 12 to PC Oman Ventures Limited is hereby approved, so that the final shares of the parties to the agreement are as follows:

– 50% for TotalEnergies EP Oman Block 12 BV.

– 30% for PC Oman Ventures Limited.

– 20% for PTTEP MENA Limited.

Article II

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

Issued on: 18 Safar 1445
Corresponding to: 4 September 2023

Haitham bin Tarik
Sultan of Oman

Published in Official Gazette 1510 issued on 10 September 2023.