Shell is looking for buyers for its 17% stake in the Mukhaizna oil field in Oman, which could garner as much as $200m, according to people familiar with the matter. The sale process is led by investment bank Rothschild. A spokesman for Rothschild declined comment.
Shell is looking for buyers for its 17% stake in the Mukhaizna oil field in Oman, which could garner as much as $200m, according to people familiar with the matter. The sale process is led by investment bank Rothschild. 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.