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UPDATE ON YUMNA FIELD

MASIRAH OIL LTD-PRESS RELEASE


Muscat, 21 July 2022: Masirah Oil Limited (“MOL”) would like to provide an update on

the Yumna Field.


All equipment and systems for the replacement of the flow line had been in place on

the supply vessel and ready to be deployed for the past week. However, inclement

monsoon weather with strong waves of 3 to 4.5 metres high is preventing safe

replacement of the flow line. MOL is waiting for a window of up to 48 hours of calm

weather, when waves are less than 2 to 2.5 metres high, to proceed with the flow line

replacement.


A further announcement will be made when production resumes in the Yumna Field.


MOL is the Operator and holds a 100 per cent interest in Block 50 Oman.


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