Novus secures Omani exploration license

10/25/1999
Novus Australia Energy Co. Pty. Ltd., Sydney, and partners were awarded an exploration license for Block 17 in Oman, which covers 3,200 sq km of onshore and offshore territory.The block lies alongside the offshore Block 8 tract, which contains the Bukha field, for which Novus has signed a new contract for sale of LPG to a company in Ras al Khaymah, UAE.Block 17 interest holders are Novus (40%), Atlantis Holding Norway AS (50%), and the Eagle Energy (Oman) Ltd. unit of Heritage Oil Corp., Calgary (10%).Heritage said the concession comprises two areas: the onshore Musandam Peninsula and surrounding offshore territory within a 3-mile limit; and the onshore Madha area.The Block 17 partners co...
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