Category: Royal Decree
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 17/2007 Approving the Petroleum Agreement between the Government of the Sultanate of Oman and British Petroleum (BP Amoco Exploration Epsilon Limited) for Block 61,
Royal Decree 11/2014 Approving the Amended Petroleum Agreement between the Government of the Sultanate of Oman and British Petroleum (BP Exploration Epsilon Limited) for Block 61,
Royal Decree 14/2017 Approving the Amended Petroleum Agreement between the Government of the Sultanate of Oman, BP Exploration Epsilon Limited, and Makarim Gas Development LLC for Block 61,
Royal Decree 44/2018 Approving the Assignment by Makarim Gas Development LLC of 10% of Its Rights and Obligations in the Amended Petroleum Agreement Signed on 8 November 2016 for Block 61 to PC Oman Ventures Limited,
and the collection of documents by which BP Exploration (Epsilon) Limited assigned 20% of its rights and obligations in the amended petroleum agreement signed on 8 November 2016 for Block 61 to PTTEP MENA Limited, which accepts this assignment,
and in pursuance of public interest,
have decreed as follows
Article I
The assignment by BP Exploration (Epsilon) Limited of 20% of its rights and obligations in the amended petroleum agreement signed on 8 November 2016 for Block 61 to PTTEP MENA Limited is hereby approved. The final shares of the parties to the agreement shall be as follows:– 40% for BP Exploration Epsilon Limited.
– 30% for Makarim Gas Development LLC.
– 20% for PTTEP MENA Limited.
– 10% for PC Oman Ventures Limited.
Article II
This decree shall be published in the Official Gazette, and comes into force on the date of its issuance. Issued on: 9 Sha’ban 1442 Corresponding to: 23 March 2021Haitham bin Tarik Sultan of Oman
Published in Official Gazette 1385 issued on 28 March 2021.
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 49/2017 Approving the Petroleum Agreement Signed between the Government of the Sultanate of Oman and Tethys Oil Montasar Limited for Block 49,
and the collection of documents upon which Tethys Oil Montasar Limited assigned 50% of its rights and obligations in the petroleum agreement signed on 14 November 2017 for Block 49 to EOG Resources Muscat Block 49 SPC, which accepts this assignment,
and in pursuance of public interest,
have decreed as follows
Article I
The assignment by Tethys Oil Montasar Limited of 50% of its rights and obligations in the petroleum agreement signed on 14 November 2017 for Block 49 to EOG Resources Muscat Block 49 SPC is hereby approved. The final shares of the parties to the agreement are as follows: 50% for Tethys Oil Montasar Limited. 50% for EOG Resources Muscat Block 49 SPC.Article II
This decree shall be published in the Official Gazette, and comes into force on the date of its issuance. Issued on: 25 Rajab 1442 Corresponding to: 9 March 2021Haitham bin Tarik Sultan of Oman
Published in Official Gazette 1383 issued on 14 March 2021.
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,
and the petroleum agreement between the Government of the Sultanate of Oman and Majan Energy LLC for Block 71 signed on 8 February 2021,
and in pursuance of public interest,
have decreed as follows
Article I
The aforementioned petroleum agreement is hereby approved.Article II
This decree shall be published in the Official Gazette, and comes into force on the date of its issuance. Issued on: 18 Rajab 1442 Corresponding to: 2 March 2021Haitham bin Tarik Sultan of Oman
Published in Official Gazette 1382 issued on 7 March 2021.