Invictus Energy Launches 2D Seismic Survey in Zimbabwe’s Cabora Bassa Project for Phase Two Exploration

Abel Karowangoro

Invictus Energy (IVZ) has initiated a 2D seismic survey at its Cabora Bassa project in Zimbabwe, marking the beginning of its phase two exploration program in the Cabora Bassa Basin.

The company, in its announcement, revealed that the CB23 seismic campaign aims to cover a minimum of 400-line kilometers. The primary objective is to advance multiple leads along various prospects including Mopane, Musuma, Machabel, Mahogany, Mimosa, and Mukwa.

Polaris, as previously announced on May 17, was awarded the seismic acquisition contract by IVZ.

This forthcoming seismic campaign is anticipated to benefit from the insights gained during IVZ’s previous CB21 seismic survey, which was also conducted by Polaris. The data from the CB21 survey played a vital role in guiding the drilling of the Mukuyu-1/ST1 wells.

Scott Macmillan, Managing Director of IVZ, said that the additional data collected from the ongoing seismic survey would contribute to further solidifying the previously identified leads.

“It is a key part of our strategy to build on the success of the recent phase one campaign, which saw the Mukuyu-1/ST1 wells confirm the presence of light oil, gas and helium in the basin,” He said.

“This is just the first step to unlocking the potential of the Cabora Bassa Basin, with the seismic campaign to identify future exploration wells with the potential to not only add to Zimbabwe’s future energy security but the entire southern Africa region.”

Invictus announced Polaris had mobilised vibroseis units and recording equipment to the Cabora Bassa site and intends to hire 100 local Zimbabwe employees to carry out the survey operations.

Mr Macmillan also said the company remained on track to spud its Mukuyu-2 appraisal well in the third quarter of the 2023 calendar year.

IVZ shares were up 2.27 per cent and trading at 11.3 cents at 1:03 pm AEST.

Leave a Reply