The plot thickens
Invictus Energy to begin drilling first gas wells in Zimbabwe in 2021
HARARE – After a long exploration campaign and results that place its Zimbabwean gas license among the most prolific in Africa, Invictus plans to move on to drilling next year. If successful, the works will enable the country to achieve self-sufficiency in gas.
Australian firm Invictus Energy has said it plans to launch a drilling program on Cabora Bassa gas, housed on license SG 4571, in October 2021. The project will cost around $ 15 million, of which $ 3.5 million has already invested in preliminary works and pre-drilling data processing.
The potential resources detected on permit SG 4571 are around 9 Tcf of natural gas and 300 million barrels of condensate.
IVZ media thread, page-105
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