Solution:

For Oracle DB versions 11.2.0.4 and 12.1.0.2 there will be a new init.ora parameter called ENABLE_GOLDENGATE_REPLICATION. In order for some of the Oracle GoldenGate functionality to work, this parameter must be set to true.

SQL> ALTER SYSTEM SET ENABLE_GOLDENGATE_REPLICATION = TRUE SCOPE=BOTH;
System altered.

No need to Bounce the database instance