RAK Petroleum announces farm-out agreement with Repsol in Block 47, Oman

DUBAI, 15 August 2010--RAK Petroleum Public Company Limited, the oil and gas exploration and production company, today announced the farm-out of a 50 percent interest in Block 47 onshore the Sultanate of Oman to Repsol Exploracion, S.A., subject to Government approval. RAK Petroleum will retain operatorship of the Block.