{"id":12397,"date":"2022-07-05T11:26:52","date_gmt":"2022-07-05T11:26:52","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=12397"},"modified":"2022-07-05T11:26:52","modified_gmt":"2022-07-05T11:26:52","slug":"zimbabwe-invictus-energy-reports-2-7-fold-in-mukuyu-prospect-assessment","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-invictus-energy-reports-2-7-fold-in-mukuyu-prospect-assessment\/","title":{"rendered":"ZIMBABWE: Invictus Energy Reports 2.7-fold in Mukuyu Prospect Assessment"},"content":{"rendered":"

Invictus Energy reports it has received an updated Independent Report from ERCE estimating substantial resource potential at its Cabora Bassa Project. ERCE estimates the gross mean recoverable conventional potential of the Mukuyu prospect at a combined 20 Tcf and 845 million barrels of conventional gas condensate, or about 4.3 billion barrels of oil equivalent (boe) on a gross mean unrisked basis.<\/p>\n

Based on the Company\u2019s 80% share in the Cabora Bassa project, Invictus\u2019 net share of this prospective resource would equate to 16 Tcf and 676 million barrels of conventional gas condensate, or about 3.44 billion boe.<\/p>\n

This marks a 2.7 fold increase on a barrel of oil equivalent basis to\u00a0 the 2019 independent
\nassessment by Getech Group plc, which estimated Mukuyu (then named Mzarabani) to hold 8.2 Tcf and 247 million barrels (~1.6 billion boe) of conventional gas condensate, on a gross mean unrisked basis.<\/p>\n

The ERCE prospective resource upgrade incorporates new data from the Cabora Bassa 2D Seismic Survey (CB21 Survey). The CB21 Survey firmed up the potential for multiple stacked hydrocarbon bearing zones in the Mukuyu Prospect.<\/p>\n

\"\"<\/p>\n

\"\"<\/p>\n

Mukuyu-1 Drilling Targets and Well Schematic<\/em><\/p>\n

Mukuyu-1 wellpad completed & drilling schedule update<\/strong>
\nThe 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.
\nExalo will commence rig up and then perform some additional maintenance work prior to the commencement of drilling the Mukuyu-1 well.<\/p>\n

Mukuyu-1 will be drilled as a deviated well to test multiple stacked targets within the greater Mukuyu structure from the 200 to 650 horizons.<\/p>\n

Managing Director Scott Macmillan commented
\n\u201cThe 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 program. The estimate for the newly identified 200 horizon in the Dande formation within Mukuyu is 1.9 Tcf + 77 mmbbl which provides us with a material first up target in the Mukuyu-1 well.\u201d <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Invictus Energy reports it has received an updated Independent Report from ERCE estimating substantial resource potential at its Cabora Bassa Project. ERCE estimates the gross mean recoverable conventional potential of … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":12400,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7445,11],"tags":[7808,10570,10170,7812,10471,10414,2767],"class_list":["post-12397","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-southern-africa","category-top-news","tag-cabora-bassa","tag-erce","tag-exalo-rig-202","tag-invictus-energy","tag-mukuyu","tag-muzabarani","tag-zimbabwe","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/07\/Exalo-Rug-202-Mud-Pumps-in-Transit-to-Zimbabwe.png?fit=606%2C319&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-3dX","jetpack-related-posts":[{"id":14502,"url":"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-multi-tcf-prospectivity-identified-in-eastern-cabora-bassa\/","url_meta":{"origin":12397,"position":0},"title":"ZIMBABWE: Multi Tcf prospectivity identified in Eastern Cabora Bassa","author":"","date":"September 3, 2024","format":false,"excerpt":"Invictus Energy Limited has provided an update on activities at its 80% owned and operated Cabora Bassa Project in Zimbabwe.Following the completion of the interpretation of the CB23 Seismic Survey data and a review of prospectivity in the eastern Cabora Bassa basin, eight key prospects have been defined in the\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/09\/ZIMBABWE-CENTRAL-FAIRWAY.png?fit=610%2C243&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/09\/ZIMBABWE-CENTRAL-FAIRWAY.png?fit=610%2C243&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/09\/ZIMBABWE-CENTRAL-FAIRWAY.png?fit=610%2C243&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":14643,"url":"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-invictus-energy-provides-operational-corporate-update\/","url_meta":{"origin":12397,"position":1},"title":"ZIMBABWE: Invictus Energy Provides Operational & Corporate Update","author":"","date":"January 22, 2025","format":false,"excerpt":"OPERATIONAL UPDATEPetroleum Production Sharing Agreement (PPSA)During the quarter,Invictus reports that a final independent review of the Petroleum Production Sharing Agreement (PPSA) was completed by external European legal counsel, marking a significant milestone in the development of the Company\u2019s exploration and production activities. The PPSA is designed to ensure equitable sharing\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/02\/Zimbabwe-Cabora-Bassa.png?fit=479%2C663&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":12199,"url":"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-cluff-energy-africa-2-others-show-interest-in-cabora-bassa-basin\/","url_meta":{"origin":12397,"position":2},"title":"ZIMBABWE: Cluff Energy Africa, 2 Others Show Interest in Cabora Bassa Basin","author":"","date":"April 27, 2022","format":false,"excerpt":"Farm-in bids received Invictus Energy reports it has received three farm-in offers for the Cabora Bassa Project including an updated bid from Cluff Energy Africa. Ongoing due diligence and internal approvals are being undertaken by additional parties which may result in further bids being received. 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