The oil and gas company said the wildcat, off the coast of Oman, was targeting 100 billion cubic of gas and condensate.
The well had been drilled to a final total depth of 3097m - 250m deeper than originally planned - electric logging had been completed.
The participants in the Tibat-1 well are Novus Petroleum 40% - operator 40%, Atlantis Holding Norway A/S 25%, Eagle Energy (Oman) Limited 10% and LG International Corporation 25%.