Royal Decree 12/2019 Approving the Assignment by Medco Arabia Ltd of a Third of Its Rights and Obligations in the Agreement Signed on 20 November 2014 for Block 56 to Biyaq Oilfield Services LLC

We, Qaboos bin Said, the Sultan of Oman

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

the Oil and Gas Law promulgated by Royal Decree 8/2011,

Royal Decree 72/2014 Approving the Petroleum Agreement between the Government of the Sultanate of Oman, Medico Arabia Ltd, and Intaj LLC for Block 56,

and the collection of documents by which Medco Arabia Ltd assigned a third of its rights and obligations of the petroleum agreement signed on 20 November 2014 for Block 56 to Biyaq Oilfield Services LLC, which accepts this assignment,

and in pursuance of public interest,

have decreed as follows

Article I

The assigned by Medco Arabia Ltd of a third of its rights and obligations in the petroleum agreement signed on 20 November 2014 for Block 56 to Biyaq Oilfield Services LLC is hereby approved. The final shares of the parties to the agreement shall be as follows:

50% for Medco Arabia Ltd

25% for Intaj LLC

25% for Biyaq Oilfield Services LLC

Article II

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

Issued on: 16 Jumada Al-Awwal 1440
Corresponding to: 23 January 2019

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 1278 issued on 27 January 2019.