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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

Decrees endorse oil deals, renew Omantel’s licence

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MUSCAT: His Majesty Sultan Qaboos on Wednesday issued five


Royal Decrees.


Royal Decree No 12/2019 endorses Medco Arabia Ltd’s conceding one third of its rights and obligations in the agreement signed on November 20, 2014, for Block No 56 to Biyaq Oilfield Services LLC.


Article 1 ratifies Medco Arabia’s conceding one third of its rights and obligations in the petroleum agreement signed on November 20, 2014, for Block No 56 to Biyaq Oilfield Services so that the final share quotas of the contract signatories shall be as follows: 50 per cent for Medco Arabia Ltd, 25 per cent for Intag LLC and 25 per cent for Biyaq Oilfield Services LLC.


Article 2 says that this Decree shall be published in the Official Gazette and enforced from the date of issue.


Royal Decree No 13/2019 endorses Oman Oil Exploration and Production LLC’s conceding 50 per cent of its rights and obligations in the agreement signed on October 11, 2011, for


Block 42 to Shell Oman Exploration and Production BV.


Article 1 ratifies Oman Oil Exploration and Production LLC’s conceding 50 per cent of its rights and obligations in the agreement signed on October 11, 2011, for Block 42 to Shell Oman Exploration and Production BV.


Article 2 says that this Decree shall be published in the Official Gazette


and enforced with effect from the date of its issue.


Royal Decree No 14/2019 endorses Allied Petroleum Exploration Inc’s conceding its full rights and obligations in the petroleum agreement signed on August 10, 2011, for Block No 36 to IPEX Oman (Block 36) Inc.


Article 1 ratifies Allied Petroleum Exploration Inc’s conceding its full rights and obligations in the petroleum agreement signed on August 10, 2011, for Block No 36 to IPEX Oman (Block 36) Inc.


Article 2 says that this Decree shall be published in the Official Gazette and enforced from its date of issue.


Royal Decree No 15/2019 renews the First Class Licence of Oman Telecommunications Company for basic general mobile telecommunication services.



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