Shell to Sell Stake in Oman’s Mukhaizna

Shell to Sell Stake in Oman’s Mukhaizna

Royal Dutch Shell is looking to sell its stake in Oman’s Mukhaizna oilfield, Reuters reports.

The company has a 17% stake in the oilfield, which is operated by Occidental Petroleum, according to the Oman Tribune.

In 2016, the oilfield produced 127,000 barrels per day (b/d), Reuters reports. The sale is estimated to bring in up to $200 million.

Following its acquisition of BG, Shell has moved to liquidate non-core assets around the globe, according to Reuters.

Earlier this year, the company indicated it was relinquishing its stakes in several Iraqi oilfields.

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