Shell may lose more oil reserves

Shell May Lose Oman Oil Field to Occidental, U.A.E. (Update1)
April 26 (Bloomberg) — Royal Dutch/Shell Group, Europe’s second-largest oil company, may lose its rights to a 2.4 billion- barrel oil field in Oman because of a disagreement with the government over how to develop the deposit, officials familiar with the talks said.

Occidental Petroleum Corp. is leading a venture in talks with the Omani government to replace Shell in developing the Mukhaizna field, the country’s sixth-largest, said the officials, who asked not to be identified. Shell is planning a $1.8 billion project to exploit the find, one of the officials said.