Invictus Vitality Ltd. has accomplished a prospectivity assessment of the jap Cabora Bassa basin in Zimbabwe, figuring out eight key prospects in its Unique Prospecting Orders (EPOs) 1848 and 1849. Invictus mentioned in a media launch that the EPOs maintain a complete of two.9 trillion cubic toes (Tcf) of fuel and 184,000 barrels of condensate.
Invictus mentioned it is going to now focus its exploration drilling marketing campaign on testing the jap fuel prospectivity within the Musuma prospect, which is estimated to carry 1.17 Tcf of fuel. This operation is an addition to additional appraisal drilling within the Mukuyu fuel discipline.
“We’re extraordinarily happy with the outcomes from the CB23 seismic survey which has recognized materials prospectivity within the jap portion of our acreage. Exploration success at these prospects would show up an extra materials play inside Invictus’ acreage”, mentioned Managing Director Scott Macmillan. “This could additionally help with unlocking extra important worth within the portfolio and finally aligns with the Firm’s early fuel monetization technique”.
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The corporate beforehand discovered new potential drilling websites within the east part of the basin within the Dande Formation. Invictus accomplished extra work to develop these and different potential drilling websites within the deeper Pebbly Arkose (Higher Triassic) and Angwa (Decrease-Mid Triassic) formations. This work goals to evaluate the anticipated volumes of fuel and determine one of the best websites for drilling. The interpretation of the 2023 2D (CB23) seismic survey knowledge revealed a number of drilling websites with important potential for fuel at totally different ranges of the rock layers, Invictus mentioned.
The targets’ comparatively shallow depths and, in some instances, stacked potential intervals might be examined with easy vertical wells, Invictus mentioned.
As a holder of an 80 p.c share within the Cabora Bassa challenge, Invictus’ internet share of potential assets would quantity to 2.3 Tcf of pure fuel and 147,000 bbl of condensate, in response to the corporate.
The prospects within the jap portion of Invictus’ exploration portfolio are added to the possible fuel useful resource in Basin Margin prospects. The Basin Margin play shall be additional evaluated by Invictus to pick out extra drilling marketing campaign targets.
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