Oil drilling expected to begin next month

Prospective drilling for oil and gas in Muzarabani, Mashonaland Central Province, is now expected in August after customs clearance delays for the drilling rig in both Tanzania and Mozambique.

The Exalo Rig 202 was mobilised from Songo Songo Island in Tanzania to Cabora Bassa and expected in Zimbabwe later this month.

This comes as a new updated independent report from London-based energy consulting group, ERCE, indicated that the targeted area could be holding a combined 20 Tcf (trillion cubic feet) and 845 million barrels of conventional gas condensate, or about 4,3 billion barrels of oil equivalent (boe) on a gross mean unrisked basis.

This comes as a new updated independent report from London-based energy consulting group, ERCE, indicated that the targeted area could be holding a combined 20 Tcf (trillion cubic feet) and 845 million barrels of conventional gas condensate, or about 4,3 billion barrels of oil equivalent (boe) on a gross mean unrisked basis.

“The Mukuyu-1 wellpad has been completed and handed over from the civils contractors.

“The full rig arrival has been held up due to customs clearance delays in both Tanzania and Mozambique enroute to Zimbabwe, with drilling now expected to commence in August,” said Invictus in a statement to the ASX.

The company’s managing director, Scott Macmillan, said: “The Mukuyu prospect has grown significantly in its scale and now represents one of the largest conventional exploration targets globally.

“This updated estimate is the culmination of the excellent work from the Invictus technical team over the last 12-18 months to deliver this result in the lead up to our drilling programme.”

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