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Shell seeks buyers for Oman field stake – sources

Ron Bousso, Clara Denina: OCTOBER 10, 2017 / 3:55 PM

LONDON (Reuters) – Royal Dutch Shell (RDSa.L) is seeking to sell its 17 percent 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 (OXY.N), reached an average oil production rate of 127,000 barrels of oil equivalent per day in 2016, according to Occidental’s annual report. read more

Shell Signs Oil Exploration Cooperation Deal In Oman

By Tsvetana Paraskova – Apr 26, 2017, 9:58 AM CDT

Royal Dutch Shell and Oman Oil Company Exploration & Production (OOCEP) have signed a Heads of Agreement for cooperation in resource exploration in an oil and gas block in Oman, the Omani company said on Twitter on Wednesday.

Under the cooperation agreement, Shell Exploration and OOCEP will carry out an initial aerial study, before deciding whether to launch more activities in Block 42, Times of Oman reports.

The block spans on an area of 25,600 square kilometers (9,884 square miles) and could have oil and gas reserves in several geological plays. Block 42 mostly consists of the northeast coastal range of the Omani mountains and the basin immediately to their south. The presence of hydrocarbons has already been proven by exploration wells, which report hydrocarbon shows in several reservoir intervals, OOCEP says. read more

Sultan of Oman Spying On Shell

Screen Shot 2015-05-20 at 13.34.05By John Donovan

Interesting to read the allegations that the Sultan of Oman’s intelligence services are spying on Shell.

More specifically, the local operations of Shell involving the JV company, Petroleum Development Oman (PDO).

This information is unsurprising given the content of leaked secret cables from the US Embassy in Muscat published by WikiLeaks in December 2010, suggesting a degree of hostility or unease towards Shell. 

The Sultan was at that time considering taking gas fields away from PDO  (34% owned by Shell) and awarding them to BG Group, or BP. 

The growing hostility towards Shell from within PDO Oman was the subject of an email I sent in 2011 to Mr Michiel Brandjes, the Company Secretary of Royal Dutch Shell Plc.  read more

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