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 OQ Exploration and Production LLC (formerly Oman Oil Company Exploration and Production LLC) assigned 20% of its rights and obligations in the petroleum agreement signed on 31 January 2017 for Block 48 to MedcoEnergi Oman Block 48 Limited (Oman Branch), and 20% of its rights and obligations in this agreement to Medco Daya Oman Block 48 Pte Ltd (Oman Branch),
and in pursuance of public interest,
have decreed as follows
Article I
The assignment by OQ Exploration and Production LLC of 20% of its rights and obligations in the petroleum agreement signed on 31 January 2017 for Block 48 to MedcoEnergi Oman Block 48 Limited (Oman Branch) is hereby approved.
Article II
The assignment by OQ Exploration and Production LLC of 20% of its rights and obligations in the petroleum agreement signed on 31 January 2017 for Block 48 to Medco Daya Oman Block 48 Pte Ltd (Oman Branch) is hereby approved.
Article III
The final shares of the parties to the agreement are hereby as follows:
– 60% for OQ Exploration and Production LLC.
– 20% for MedcoEnergi Oman Block 48 Limited (Oman Branch).
– 20% for Medco Daya Oman Block 48 Pte Ltd (Oman Branch).
Article IV
This decree shall be published in the Official Gazette, and comes into force on the date of its issuance.
Issued on: 6 Jumada Al-Awwal 1445
Corresponding to: 20 November 2023
Haitham bin Tarik
Sultan of Oman
Published in Official Gazette 1521 issued on 26 November 2023.