Invictus Energy says it may start drilling exploration wells on its oil and gas project in Muzarabani early next year after taking delivery of state-of-the-art equipment to be used in identifying well sites.
The Australian firm’s managing director Scott MacMillan said the more than 20 truckloads of seismic survey equipment offloaded at Durban Port were now on their way to Beitbridge, en route to a workshop in Harare before being deployed to Muzarabani. He said:
The timeframe is being dictated by the lead time for fabrication of wellheads and casing, which is currently six to seven months. So, at this stage, (drilling is) more likely next year.
Invictus needs to wait for the completion of seismic data to be processed and interpreted to “locate the well site properly”.
That process will be completed towards year-end. The seismic survey was a “big deal and the first time it has been done in the country for 30 years,” said MacMillan.
Seismic survey is a method used in exploration, especially for oil and gas, to gather sub-surface vibrations that may help identify the exact location of or existence of hydrocarbons.
This will be followed by the sinking of test wells to confirm whether the geologies of identified locations harbour pockets that trapped sediments that decomposed and turned into commercially viable oil or gas deposits.
The Australian exploration junior awarded experienced Canadian firm Polaris Natural Resources the contract to undertake the seismic survey.
The delivery of the equipment for the seismic survey follows the approval by President Mnangagwa of the firm’s Petroleum Exploration Development and Production Agreement (PEDPA) in April this year.