Royal Decree Issued for Block 7 and 15

Block 7

Royal Decree No. 14/2016 endorses the oil agreement between the Sultanate of Oman and Hydrocarbon Finder E & P LLC for Bloc 7.
Article (1) endorses the above-mentioned oil agreement.
Article (2) says that this decree shall be published in the Official Gazette and be enforced on its date of issue.

Block 15

Royal Decree No. 15/2016 endorses Tethy’s Oil Limited company’s conceding 100 per cent of its share quota (stake), rights and obligations in the petroleum agreement signed on September 6, 2005 for Bloc 15 to Odin Energy A. S., as well as endorsing Odin Energy AS’s conceding 90 per cent of its share quota, rights and obligations in the petroleum agreement signed on September 6, 2005 for Bloc 15 to Hydrocrabon Finder LLC.

Article (1) endorses Tethy’s Oil Limited company’s conceding 100 per cent of its share quota (stake), rights and obligations in the petroleum agreement signed on September 6, 2005 for Bloc 15 to Odin Energy A. S.

Article (2) endorses Odin Energy AS’s conceding 90 per cent of its share quota, rights and obligations in the petroleum agreement signed on September 6, 2005 for Bloc 15 to Hydrocrabon Finder LLC.

Article (3) says that this decree shall be published in the Official Gazette and be enforced on its date of issue.