Highlights
Shell seeks buyers for Oman field stake

Royal Dutch Shell is seeking to sell its 17 per cent stake in the Mukhaizna oil field in Oman, which could fetch up to $200 million, banking sources said.
The sale process is led by investment bank Rothschild, the sources said.
Shell and Rothschild did not respond to requests for comment.
The Mukhaizna heavy oil field, operated by Occidental Petroleum, reached an average oil production rate of 127,000 barrels of oil equivalent per day in 2016, according to Occidental’s annual report.
The sale process is part of the Anglo-Dutch company’s vast asset disposal programme launched in 2015 and following its $54 billion acquisition of BG Group last year.
So far, more than $25 billion worth of deals have been completed or in progress, on track to reach a $30 billion target by 2018, according to Shell.
Shell is not selling its 34 per cent interest in Petroleum Development Oman (PDO) which operated more than 160 oil fields mostly in the centre and south of the Sultanate, according to the sources.
Oman is not a member of the Organisation of Petroleum Exporting Countries (Opec) but has agreed to take part in a global pact this year to curb output to support oil prices.
-
OER Magazines2 months ago
OER, February 25
-
Alamaliktistaad Magazines2 months ago
Al-iktisaad, February 2025
-
Economy1 month ago
Is Gold a Good Investment in 2025? A Deep Dive into the Precious Metal’s Future
-
Banking & Finance2 months ago
Sohar International Appoints Abdul Wahid Mohamed Al Murshidi as Chief Executive Officer
-
News2 months ago
Shell Oman Marketing Company Hosts the 1st Lubricants Technology Conference in Muscat
-
News2 months ago
Oman Explores Semiconductor & EV Investments with EONH Private Holdings & Jetour Global
-
News1 month ago
Nothing Phone 3a and 3a Pro launches in the Middle East
-
Food & Dining2 months ago
Al-Futtaim IKEA’s Iftar Buffet Is Back, Offering Classic Comfort and Bold New Tastes
You must be logged in to post a comment Login