Author: admin
Arabic
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 56/2011 Approving the Petroleum Agreement between the Government of the Sultanate of Oman and Oman Oil Company Exploration and Production LLC for Concession Block 60,
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 19 March 2011 for Concession Block 60 to MedcoEnergi Oman Block 60 Limited (Oman Branch), and 20% of its rights and obligations in this Agreement to Medco Daya Oman Block 60 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 19 March 2011 for Concession Block 60 to MedcoEnergi Oman Block 60 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 19 March 2011 for Concession Block 60 to Medco Daya Oman Block 60 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 60 Limited (Oman Branch).
– 20% for Medco Daya Oman Block 60 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 2023Haitham bin Tarik Sultan of Oman
Published in Official Gazette 1521 issued on 26 November 2023.