Invictus Energy secures wellheads and casing for 2-well drilling campaign in Zimbabwe

ZIMBABWE – Invictus Energy, the independent oil and gas exploration company focused on high-impact energy resources in sub-Saharan Africa, has confirmed that it has secured the necessary casing, wellheads, and ancillary long lead items for a 2-well drilling campaign at Cabora Bassa, Zimbabwe, commencing in May 2022.

The Company has completed an extensive tendering exercise for integrated well services contract including cementing, directional drilling, logging while drilling, drilling fluids, and wireline services for the upcoming drilling campaign.

The formal award of the contract is expected shortly.

Scott Macmillan, Managing Director, Invictus said: ”We are very pleased with the way the drilling program is coming together with Invictus securing the wellheads and casing long lead items for a high impact 2-well drilling program. We are now finalizing the well services contract award and working to execute the binding rig agreement with Exalo for the #202 drilling rig. Invictus remains on track for the upcoming drilling campaign to commence in May 2022. We are planning for a successful drilling campaign, which if transpires will be a transformational event for both Invictus and Zimbabwe.”

The Cabora Bassa Project encompasses the Muzarabani Prospect, an 8.2 TCF and liquids-rich conventional gas-condensate target, which is potentially the largest, undrilled seismically defined structure onshore Africa.

The project encompasses the Muzarabani prospect, which the company says is potentially the largest, undrilled seismically defined structure onshore Africa and the Muzarabani-1 well will target prospective resources of 8.2 trillion cubic feet and 247 million barrels of conventional gas condensate.

The prospect is defined by a robust dataset acquired by Mobil in the early 1990s that includes seismic, gravity, aeromagnetic and geochemical data.

The Company is advancing the current exploration program with the acquisition of infill seismic data for a planned 1H 2022 basin opening drilling campaign.

The Cabora Bassa Basin has never been tested by drilling despite an extensive dataset acquired by Mobil in the early 1990s defining the Mzarabani target due to the lack of gas demand at that time.

However, demand for gas in southern Africa has been rising steadily and Cabora Bassa is certainly looking like the right address for exploration.

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