Middle East Economic Survey


No 9



Novus Sets July For Gas Drilling Program In Ras Al-Khaimah

Indonesian-owned Novus will begin in July its drilling program for the Haagil Gas Project with a series of exploratory wells in the Wadi Rahba area of Ras Al-Khaimah. Studies have indicated that the area could contain large deposits of hydrocarbons and the Ras Al-Khaimah government is urging Novus to make a thorough study of the area. Any gas produced from the project has...