Keen to take its place amongst the countries on the African continent exploiting their oil and gas resources, Zimbabwe is anticipating the imminent commencement of operations by the Australian firm Invictus Energy that will see the drilling of its first oil and gas well in the north of the country, close to the border with Mozambique.
An Invictus probe of the prospects offered by the pursuit points to an estimate of 20 trillion cubic feet of gas in the Muzarabani-Mbire area.
It has been disclosed that Invictus will commence drilling in the coming weeks. The first well, Mukuyu-1, which will be sunk to a depth of 3.5 km will reportedly cost US$16 million according to a spokesperson for the Australian company’s local subsidiary, Geo Associates. Mukuyu is part of the wider Cabora Bassa project in Zimbabwe, which is 80% owned and operated by Invictus through its interest in Geo Associates.