Shell Can Lose Its Oman Field

Anglo-Dutch oil giant Royal Dutch/Shell Group may lose its rights to a 2.4 billion-barrel oil field in Oman because of a disagreement with the government over the way of developing the deposit, unknown officials informed.

Occidental Petroleum Corp and its partner, UAE?s state-owned Mubadala Development Co, are in talks with the Omani government to take over production at the Mukhaizna field, the country's sixth-largest, from Petroleum Development Oman, sources said.

Royal Dutch/Shell holds 34 per cent of Petroleum Development Oman.