Invictus to start seismic campaign in Zimbabwe in July
Sydney-listed Invictus Energy on June 25 said 2D seismic campaign in Cabora Bassa basin in Zimbabwe will begin in July. The seismic acquisition contract was awarded to Canada’s Polaris Natural Resources in April.
“Polaris has received work permits for their expatriate staff and has begun mobilising personnel to Zimbabwe to commence the 2D seismic campaign and are due to arrive in the next few days,” Invictus said.
|
Advertisement: The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business. |
Invictus said it had started assisting Polaris with the recruitment of up to 100 local employees who will be involved in the seismic campaign, the vast majority of which are expected to come from within the local communities. The camp construction will commence prior to the end of June and is expected to be completed in early July.
“The seismic campaign is estimated to officially commence in July with line clearing operations and followed by seismic data acquisition. The vibroseis units and recording equipment is currently in transit to Zimbabwe,” Invictus said.
The company intends to conduct, process, and interpret a minimum of 400 line km of 2D seismic in order to refine the Muzarabani-1 drilling location and well path and identify additional prospectivity for the upcoming drilling campaign.
Meanwhile, Invictus has appointed Perth-based Aztech Well Construction as the drilling project manager for the upcoming basin opening drilling programme.
In March, Invictus signed a petroleum exploration development and production agreement with Zimbabwe for the Cabora Bassa gas project. The agreement was signed by Invictus’ 80% subsidiary, Geo Associates, and the government. It provides the company the right to enter into a 25-year production licence following the exploration periods. Invictus said it is currently in the second exploration period.
The Cabora Bassa project comprises the Mzarabani and Msasa gas and condensate prospects, which Invictus describes as "world-class multi-trillion ft3" plays. The project received environmental approval from Zimbabwean authorities in August last year.