Sundaymail Editor
Online Reporter
AUSTRALIA-based oil and gas company Invictus Energy Limited says the process of delivering the exploration drilling rig – Exalo Rig 202 – from Tanzania to its Cabora Bassa project in Muzarabani, Mashonaland Central Province, has begun.
This comes as Invictus edges closer to commence drilling at the Mukuyu-1 well, where it is prospecting for oil and gas.
The Exalo Rig 202 is being mobilised from Songo Songo Island in Tanzania to Cabora Bassa and is expected to arrive in Zimbabwe later this month.
Said Invictus managing director Mr Scott Macmillan: “The commencement of the rig mobilisation marks another milestone in the project as we prepare to commence drilling the Mukuyu-1 well, the first well in our potentially play opening two-well exploration campaign in the frontier Cabora Bassa basin.
“Subject to making an opening discovery with one of our first two wells, it potentially could provide us with future discoveries on a large scale within the basin which will be transformational for the company and the Republic of Zimbabwe.”
Meanwhile, Invictus has initiated a process to increase its licence area from 100 000 hectares to 709 300 hectares.
“The enlarged SG 4571 licence provides us with a basin master position encompassing the entire Cabora Bassa Basin in Zimbabwe,” added Mr Macmillan.
Online Reporter