Middle East Economic Survey


No 16



Novus To Drill First Well On Hengam/West Bukha Gas/Condensate Field In July

Novus Petroleum is to drill the first well on the offshore Hengam/West Bukha gas/condensate field in July, according to a 12 April Oman News Agency report. The report cited oil ministry undersecretary Nasir Ghashmi as saying that Oman had signed a memorandum of understanding with the UAE emirate of Ras al-Khaimah to take gas from the field, which straddles the...