No 11



Novus Says Tibat-1 Gas Discovery Still Not Commercial

Australias Novus Petroleum, which in January announced the results of preliminary tests on the Tibat-1 exploration well in Block 8 offshore Oman in the Strait of Hormuz, said on 10 March that several steps would need to be taken before the discovery could be regarded as commercial. The company said in January that the well tested at 11mn cu ft/day of natural gas, adding that the commercial significance of the...