By Owen Mandovha
THE year 2022 is set to be eventful for Invictus Energy, which is searching for oil and gas in the Muzarabani basin, with drilling for exploration expected to start in June this year.
Visiting Australia-based Invictus Energy managing director, Mr Scot McMillan, whose company is in charge of the Muzarabani Oil and Gas project, says they have acquired two hundred times more data than what was gathered in the early 90s to pave for the drilling of two exploratory wells in the Muzarabani basin.
“The seismic survey which was successfully conducted by Polaris has unleashed exciting and promising data, which is two hundred times more than what Mobil acquired in the past and we are going to drill two exploratory wells, hence the mobilisation of the rig is currently underway from Tanzania and we expect that the rig will arrive into the country by June of this year,” he said.
Amid skyrocketing oil and gas prices in the aftermath of the Russia-Ukraine conflict, Invictus is pinning hopes on a commercial discovery that will secure Zimbabwe’s energy future.
“We are putting in place a team locally to spearhead the project once drilling begins in the second quarter and we are excited to notify you that the whole Invictus Energy board is coming to Zimbabwe for the first time and is expected to descend in Muzarabani to appreciate and oversee how the project is progressing,” he added.
For the first time, the entire Stuart Lake-chaired Invictus Energy Board will visit the country to oversee the project in the Muzarabani Basin as the progress continues to steadily unfold.