Muzarabani oil project development on course

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Harare (New Ziana) –Australian based oil and gas firm, Invictus Energy said on Friday it has agreed a well services contract with American company, Baker Hughes, setting itself firmly on course to commence drilling exploration wells at its Muzarabani prospect during the first half of this year.

Baker Hughes Company is an industrial service company and one of the world’s largest oil field services companies.

The company provides the oil and gas industry with products and services for oil drilling, formation evaluation, completion, production and reservoir consulting.

Last year, Invictus Energy contracted Exalo Drilling, a unit of European LNG giant PGNiG to drill the exploration wells.

Invictus said Baker Hughes had been awarded the integrated well services contract following the completion of a tender and evaluation process.

“A Letter of intent has been executed and the contract is expected to be finalised and executed in the coming weeks,” the company said in an update.

“The contract is for services including cementing, mudlogging, drilling fluids, tubular running, directional drilling and logging, installation of wellhead equipment and project management.”

Meanwhile, Invictus also announced the appointment of ERC Equipoise Pvt Ltd to conduct an independent prospective resource update for the Muzarabani prospect.

“The review will incorporate the newly acquired and processed high resolution 2D seismic data from the CB21 Seismic Survey completed in November 2021 and the concurrently reprocessed 1990 vintage Mobil 2D seismic survey for the prospects and leads identified from the seismic interpretation.”

The Muzarabani prospect is considered to be the largest undrilled conventional oil and gas prospect onshore Africa and could host prospective resources of about 9.25 trillion cubic feet of gas and 294 million barrels of condensate.

In 2020, the Zimbabwe government classified it as one of the priority development projects which can provide significant economic benefit and aid in the attainment of an upper-middle income economy by 2030.

New Ziana

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