Harare, (New Ziana) — Zimbabwe’s ambitions to join the ranks of oil and gas-producing nations have taken a major leap forward following Invictus Energy’s confirmation of a significant gas-condensate discovery at its Mukuyu-2 well in the Cabora Bassa Basin, the Government said on Monday.

In a statement, the government said the company announced that the Mukuyu-2 well, drilled in late 2023, confirmed the presence of substantial gas-condensate reserves within the Upper Angwa formation. Multiple high-quality gas-condensate samples were recovered to the surface, providing clear evidence of hydrocarbons in the area.

Following the breakthrough, the Government said, Invictus Energy has officially declared the Mukuyu structure a working gas field, describing it as a major milestone in Zimbabwe’s oil and gas exploration journey. The field covers a structural closure of over 200 square kilometres, offering significant potential for further exploration and appraisal.

Invictus Energy said the Mukuyu find represents one of the most significant onshore oil and gas developments in Southern Africa in decades, with the potential to transform Zimbabwe’s energy landscape and stimulate broad economic growth.

“This discovery marks a historic moment not just for Invictus Energy but for Zimbabwe and the entire region.

“It opens up new opportunities for investment, energy independence, and economic diversification,” said the Government.

Looking ahead, it is said the firm plans to intensify its exploration and appraisal programme, including drilling additional wells and conducting more extensive testing to determine the full extent of the resource.

Experts say the Mukuyu gas field could become a cornerstone of Zimbabwe’s energy future — helping to address chronic energy shortages, reduce import dependence, and generate new revenue streams for the economy.

If fully developed, the project could place Zimbabwe among Africa’s emerging gas producers, reshaping the region’s energy dynamics for years to come.
New Ziana