Invictus identifies new prospect at Cabora Bassa Project

Invictus said this, coupled with stacked prospective intervals, indicated the targets could now be tested with simple vertical wells.
AUSTRALIAN energy firm, Invictus Energy Limited, has identified a new gas and oil prospect at its Cabora Bassa project in northeast Zimbabwe.

Current drilling operations at its Cabora Bassa project, located in the Muzarabani district of the Mashonaland Central Province, were centred around the Mukuyu 2 drill site.

At that drill site, the firm declared a gas discovery in December 2023. Last month, Invictus announced that it had potentially discovered an estimated 184 million barrels of oil (MMbbl).

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In its quarterly report for the period ended September 30, 2024, Invictus said it had completed interpretation of CB23 Seismic Survey data and reviewed prospectivity of the eastern Cabora Bassa basin.

“A total of eight key prospects were defined in the company’s exclusive prospecting orders 1848 and 1849, totalling 2,9 Tcf (trillion cubic feet) gas and184 MMbbl condensate# (gross mean unrisked basis),” Invictus said.

“The Central Fairway prospects stretch across the Dande, Pebbly Arkose and Angwa formations at relatively shallow depth and have high potential gas volumes at multiple stratigraphic levels.”

Invictus said this, coupled with stacked prospective intervals, indicated the targets could now be tested with simple vertical wells.

“The Musuma prospect has emerged as the favoured candidate to drill test the Dande play in eastern Cabora Bassa next year,” it said.

“The prospect has interpreted seismic amplitude support and is estimated to have a recoverable prospective resource of 1,170 Bcf (billion cubic feet) and 73 million barrels of condensate# (gross mean unrisked basis). Exalo 202 rig remains onsite at the Mukuyu-2 location and is available for a 2025 exploration drilling campaign.”

The firm said it will continue conducting further evaluation of the Basin Margin play to select additional prospects for a future drilling campaign.

“As reported in the last quarterly activities report on 30 June 2024, Invictus has completed its planning for well testing in Mukuyu-2 and preparation for the acquisition of 3D seismic data across the Mukuyu Gas Field,” Invictus said.

“This work, once undertaken, will assist the evaluation of the Mukuyu Gas Field resources and preparation for the early commercialisation pilot scheme for a gas to power project for the Eureka Gold Mine.”

NewsDay Business understands that results from the work programme will aim to determine future appraisal and development well locations, characterise the core development area in the greater Mukuyu structure.

It will also support future commercialisation from a fast-track full field development.-newda