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Posts Tagged ‘Shell Oman’

Shell seeks buyers for Oman field stake – sources

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. Shell is not selling its 34 percent interest in Petroleum Development Oman (PDO) which operated more than 160 oil fields mostly in the centre and south of the Middle East sultanate, according to the sources. FULL ARTICLE 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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