No 41



Australias Novus Petroleum Spuds Tibat Well In Offshore Block 8

Australias Novus Petroleum announced on 1 October that it spudded the Tibat exploration well in Block 8, offshore Oman in the Strait of Hormuz, approximately 12km south of the producing Bukha field platform. The prospect is located in approximately 50ms of water and targets the same two reservoirs that are the producing zones in the Bukha field. The main target reservoirs are carbonate rocks of the...