Invictus gets a seismic insight into its giant Zimbabwe gas prospect
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Invictus has identified potential hydrocarbon traps following receipt of final processed data from its 2D seismic survey over the Muzarabani gas-condensate prospect.
The data from the 2021 Cabora Bassa 2D Seismic Survey is currently being interpreted alongside reprocessed data from the 1990 Mobil survey.
Invictus Energy (ASX:IVZ) noted that the parameters employed for its survey alongside modern data processing technology have significantly elevated the data quality to a high standard.
Multiple anomalies that could indicate the presence of hydrocarbons have been noted so far.
These will be investigated with additional data processing products before their geophysical signature as well as trapping geometry and position are evaluated.
This will allow the company to assess and rank the likelihood of viable hydrocarbons within a definable trap.
“The final seismic data has provided evidence of multiple trapping geometries and a target rich environment for the upcoming drilling program,” managing director Scott Macmillan said.
“The drilling campaign is scheduled to commence in June 2022 and we are working towards a two-well program.
“The company is maturing additional potential within our acreage and continuing to build on our significant prospective resource inventory.”
Muzarabani, which was first identified by Mobil in the early 1990s, is currently assessed as having the potential to host 8.2 trillion cubic feet of gas and 247 million barrels of condensate, which compares well with giant gas fields elsewhere in the world.
This potential will be tested by a two well program with the company having already secured the Exalo’s Rig 202 to carry out drilling while veteran contractor Baker Hughes will provide well services.
Success will pave the way for Invictus to supply gas to energy-hungry southern Africa.
This article was developed in collaboration with Invictus Energy, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.