Browsing: Oil and gas exploration

Australia-based Invictus Energy plans to start drilling its first exploration well for oil and gas in Cabora Bassa location in the northern part of Zimbabwe by early September.

Invictus is an independent upstream oil and gas company headquartered and listed on the Australian Securities Exchange with offices in Harare. The company has been prospecting for oil and gas deposits for the past four years in the Cabora Bassa and Zambezi basins.

  • Invictus Energy sets September target for Zimbabwe oil and gas drilling
  • Invictus Energy expanded its exploration footprint in the Cabora Bassa basin following a successful assignment agreement with the Sovereign Wealth Fund of Zimbabwe (SWFZ)
  • Invictus Energy received environmental impact assessment (EIA) renewal approval from the Zimbabwe Environmental Management Agency (EMA) for the Cabora Bassa project

The first well, Mukuyu-1, situated in the Muzarabani-Mbire area, will be 3.5 kilometres (km) deep at the cost of US$16 million, said Paul …