Preliminary fluid evaluation has confirmed wealthy fuel and condensate discoveries within the Mukuyu area in Zimbabwe’s Cabora Bassa basin, Invictus Vitality Ltd. introduced.
The Australian firm centered on sub-Saharan Africa had already declared its first discovery within the area, within the Mukuyu 2 effectively Higher Angwa formation, on December 7, saying it’s the first Triassic-aged hydrocarbon discovery in Sub-Saharan Africa. On December 15 Invictus declared a second discovery in the identical effectively, this time within the Decrease Angwa formation.
On January 31, the impartial upstream participant declared Mukuyu 1 a fuel discovery, having introduced Might 8 oil, fuel and helium finds with industrial viability within the effectively 4.3 miles (seven kilometers) away from Mukuyu 2.
The evaluation outcomes introduced Monday verify the standard of sources in each the Mukuyu 1 and a pair of wells.
“The compositional evaluation confirms top quality pure fuel containing minimal impurities (lower than 2 % CO2 content material and nil H2S) which would require minimal processing to organize on the market to downstream prospects”, the Australian firm stated in a regulatory disclosure.
Condensate-gas ratios are estimated to be between 14–22 barrels of condensate per million commonplace cubic foot (MMscf) of fuel in Mukuyu 2, Invictus stated within the submitting with the Australian Securities Change.
In Mukuyu 1 the evaluation confirmed the presence of sunshine oil and fuel condensate yields of 30–135 barrels per MMscf and pure fuel with minimal impurities, Invictus stated.
“The preliminary evaluation from Mukuyu-2 and outcomes from Mukuyu-1 are in line with Invictus’ geological modelling which reveals growing liquid hydrocarbon content material within the south of Mukuyu in the direction of the Basin Margin (the place a number of drill-ready prospects have been mapped), and growing dry fuel contribution from the deeper kitchen and better maturity supply rock to the north of the Mukuyu construction”, the announcement acknowledged.
“In step with the Mukuyu-1 outcomes, fuel samples from Mukuyu-2 present a basic growing dryness (decrease liquid hydrocarbon / condensate yield) with depth”.
Additional evaluation is ongoing, whereas extra downhole reservoir fluid and mudgas samples are being processed, Invictus stated.
The discoveries come three many years after Mobil Oil Corp., now Exxon Mobil Corp., deserted exploration within the Southern African nation. Mobil’s information from the Nineteen Nineties quest has been utilized by Invictus. Mukuyu now paves the best way for Zimbabwe’s first fuel manufacturing.
“[T]he presence of each mild oil and gas-condensate gives us with confidence as we put together for the subsequent part of our appraisal program and work in the direction of the monetization of the Mukuyu fuel discoveries and additional exploration of our thrilling portfolio of a number of drill prepared prospects which has been considerably enhanced by the optimistic outcomes from Mukuyu”, managing director Scott Macmillan stated in a press release.
Invictus just lately raised AUD 15 million ($9.9 million) by way of a non-public placement to fund its Cabora Bassa actions, as introduced by the corporate December 27.
Invictus holds an 80 % stake and the working rights for Cabora Bassa, “one of many final untested massive frontier rift basins in onshore Africa”, as described on Invictus’ web site. The Sovereign Wealth Fund of Zimbabwe has expanded the corporate’s license space to 360,000 hectares, as introduced by Invictus August 17, 2022.
To contact the creator, e mail jov.onsat@rigzone.com