Financial Times FT.com

Shell and Oman fall out on oilfield deal

By James Boxell

Published: April 26 2005 20:45 | Last updated: April 26 2005 20:45

Royal Dutch/Shell could lose out on the right to develop an Omani oilfield months after it signed a deal with the sultanate to develop its deposits for the next 40 years.

Oman has approached Occidental Petroleum, the US group, to provide an alternative proposal to develop the 2.4bn-barrel Mukhaizna field after it failed to agree an initial plan with Shell.

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