Invictus signs Zimbabwe drilling contract
Zimbabwe
HARARE, March 11, 2022 – Invictus Energy has signed a contract with Poland’s Exalo Drilling for drilling works on the Cabora Bassa project in Zimbabwe, the Australian E&P company announced on Thursday.
The Muzarabani-1 exploration well is expected to be drilled in June 2022, with an option for works on an additional exploration well on the basin.
Exalo Drilling’s Exalo 202 rig is currently engaged in Tanzania, but will be moved to the Cabora Bassa project in May 2022. The rig has a drilling range of 5,000 metres.
Invictus Energy completed its 2D seismic survey of the prospect last week and is currently interpreting the data.
Cost of the drilling contract was not disclosed.
Invictus Energy has 80% shares in the Cabora Bassa project, which holds an estimated 232 bcm (8.2 tcf) of gas and 247 million barrels of condensate. The Muzurabani prospect is the largest undrilled conventional oil and gas prospect in Africa.
Read our latest insights on:
More content from Zimbabwe
Latest news and features
