Australia Stock Exchange-listed Oil and gas exploration company Invictus Energy Limited, last week completed the acquisition of its CB23 2D seismic survey at the Cabora Bassa project, Northern Zimbabwe.
Rudairo Mapuranga
Invictus Managing Director Scott MacMillan said the completed survey in EPO 1848 and EPO 1849 in the Cabora Bassa basin in Northern will provide additional coverage of several leads in the east of the basin that were identified on CB21 and legacy Mobil database.
Despite Mobil Oil conducting some geological work prospecting for oil and gas in the country, the company did not proceed further to drill wells to confirm commercial deposits of Oil and Gas.
He said, the survey, which was completed on time and on budget, was acquired on Invictus’ behalf by Polaris Natural Resource Development Ltd (“Polaris”) and is complementary to Invictus’ existing CB21 survey (also acquired by Polaris).
According to MacMillan, a total of 425km of high-quality 2D seismic data were acquired which will provide enhanced coverage of prospects and leads identified in the eastern areas of Invictus’ Cabora Bassa basin acreage.
“The new data will provide additional coverage of several exciting leads in the east of the basin that were identified on our CB21 and legacy Mobil datasets.
“Initial field processing of the seismic data demonstrates structural closure at multiple target intervals across a number of leads in the Central Fairway and Basin Margin play.
“Following the full processing and interpretation of the new data we are aiming to mature those leads and add to our material prospect portfolio as candidates for future exploration drilling.
“We are extremely pleased with the performance of Polaris and the local field crew who have delivered a high-quality project on time and on budget with excellent health and safety performance and no lost time incidents.
“The successful completion of our second survey in the basin marks a significant milestone for Invictusand we are proud of how we have engaged and involved the local communities and stakeholders which provided over 100 jobs in the delivery of the program.
“With our preparations for the drilling of Mukuyu-2 this quarter well underway these are exciting times for the company,” McMillan said.
The program’s HSE performance has been excellent with >77,000 hours of field activities completed with no lost time incidents.
Through the seismic project over 100 people from local communities were employed in various roles to support operations.
The survey was carried out with the support of local stakeholders and interest in the activities was high.
Throughout the project, a team of dedicated community liaison officers(CLOs)completed extensive local stakeholder engagements. The CLOs arranged over 100 meetings with a total of 2,600 people consulted, and a further 38 schools with nearly 5,000 pupils engaged to ensure up-to-date community awareness of the activities and all cultural obligations observed during the program to minimise the impact on the local community.
Field operations will complete over the coming week with the demobilisation of personnel and equipment.