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The Year of IVZ --- 2021
Invictus Energy Muzarabani oil agreement okayed


Invictus also said it was working on a petroleum product sharing agreement (PPSA), which contains the fiscal provisions of the project, including the Republic of Zimbabwe’s profit/product share, and takes effect following the commencement of the production phase of the project.

The PPSA is undergoing independent review, which is expected to be completed early in the new year, following which the PPSA is expected to be finalised and executed.  



Invictus said following the completion of the field reconnaissance programme and receipt of submissions from multiple vendos, the company had selected its preferred contractor to undertake a seismic acquisition campaign in 2021.

The company will commence detailed planning post formal contract award to enable the acquisition campaign to commence following the conclusion of the rainy season.
  
The company is planning to acquire a minimum of 400 km line of 2D seismic which exceeds the work programme obligations for the current (2nd) exploration period.