Arabic
We, Qaboos bin Said, the Sultan of Oman
after perusal of Royal Decree 26/75 Issuing the Law Governing the Administrative Apparatus of the State and its amendments,
Royal Decree 42/74 Issuing the Oil and Minerals Law,
and Royal Decree 61/84 Approving the Petroleum Agreement Between the Government of the Sultanate and a Group of Companies:
– North South Resources Limited
– International Petroleum Limited
– Peninsula Petroleum Corporation
signed on 18 March 1984,
the assignment contract executed on 23 July 1984, by which the mentioned group of companies assigned to Placid Oil Company Oman an undivided share of 60% of their rights and obligations in the mentioned petroleum agreement between them and the Government of the Sultanate,
and the approval of the Minister of Oil and Minerals to the assignment, as set out in his letter dated 27 August 1984,
and in pursuance of public interest,
have decreed as follows
Article 1
The assignment by the group of companies North South Resources Limited, International Petroleum Limited, and Peninsula Petroleum Limited of an undivided share of 60% of their interest, rights, and obligations in the petroleum agreement entered into between them and the Government of the Sultanate on 18 March 1984 to Placid Oil Oman Limited, which accepts this in accordance with its acknowledgement dated 30 July 1984, is hereby approved. The provisions of article 21 of the mentioned petroleum agreement apply to this assignment.
Article 2
This decree must be published in the Official Gazette, and comes into force from the date of its issuance.
Issued on: 14 Rabi Al-Awwal 1405
Corresponding to: 8 December 1984
Qaboos bin Said
Sultan of Oman
Published in Official Gazette 302 issued on 15 December 1984.