{"id":9935,"date":"2021-02-18T20:37:28","date_gmt":"2021-02-18T20:37:28","guid":{"rendered":"https:\/\/oilnewskenya.com\/?p=9935"},"modified":"2021-02-18T20:39:38","modified_gmt":"2021-02-18T20:39:38","slug":"invictus-tatanga-energy-sign-gas-sales-mou-for-500mw-gas-to-power-project","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/invictus-tatanga-energy-sign-gas-sales-mou-for-500mw-gas-to-power-project\/","title":{"rendered":"Invictus &#038; Tatanga Energy Sign Gas Sales MOU for 500MW Gas to Power Project"},"content":{"rendered":"<p><strong>Non-binding offer for farm-in to the Cabora Bassa Project<\/strong><\/p>\n<p>During the quarter, the Company received a non-binding offer for farm-in to the Cabora Bassa Project. The proposed transaction is subject to completion of further technical, legal and commercial due diligence by both parties, approvals and agreements by requisite government authorities and execution of binding Farm Out Agreement(s).<\/p>\n<p><strong>Petroleum Exploration Development and Production Agreement (PEDPA) review completed<\/strong><br \/>\nThe Petroleum Exploration Development and Production Agreement (PEDPA) between Geo Associates and the Republic of Zimbabwe was reviewed by the Inter-Ministerial Committee established to review the agreement and has been approved. The PEDPA provides the framework for progression of the Cabora Bassa Project through the exploration, appraisal, development and production phases and the obligations and rights of each party over the project lifecycle. The Company is awaiting execution of the agreement.<\/p>\n<div class=\"woocommerce \"><ul class=\"products columns-4\">\n<li class=\"entry product type-product post-9869 status-publish first instock product_cat-ea-outlook product_tag-drilling product_tag-natural-gas product_tag-oil product_tag-outlook product_tag-rigs product_tag-seismic product_tag-surveys product_tag-tanzania product_tag-upstream has-post-thumbnail sale downloadable virtual purchasable product-type-simple\">\n\t<a href=\"https:\/\/www.oilnewskenya.com\/index.php\/\/product\/tanzania-upstream-sector-activity-outlook-2021-2022\/\" class=\"woocommerce-LoopProduct-link woocommerce-loop-product__link\">\n\t<span class=\"onsale\">Sale!<\/span>\n\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/COVERPAGE.jpg?resize=300%2C300&amp;ssl=1\" class=\"attachment-woocommerce_thumbnail size-woocommerce_thumbnail\" alt=\"Tanzania Upstream Sector Activity Outlook 2021-2022\" srcset=\"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/COVERPAGE.jpg?resize=300%2C300&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/COVERPAGE.jpg?resize=100%2C100&amp;ssl=1 100w, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/COVERPAGE.jpg?resize=60%2C60&amp;ssl=1 60w, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/02\/COVERPAGE.jpg?resize=144%2C144&amp;ssl=1 144w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><h2 class=\"woocommerce-loop-product__title\">Tanzania Upstream Sector Activity Outlook 2021-2022<\/h2>\n\t<span class=\"price\"><del aria-hidden=\"true\"><span class=\"woocommerce-Price-amount amount\"><bdi><span class=\"woocommerce-Price-currencySymbol\" translate=\"no\">&#36;<\/span>100.00<\/bdi><\/span><\/del> <span class=\"screen-reader-text\">Original price was: &#036;100.00.<\/span><ins aria-hidden=\"true\"><span class=\"woocommerce-Price-amount amount\"><bdi><span class=\"woocommerce-Price-currencySymbol\" translate=\"no\">&#36;<\/span>60.00<\/bdi><\/span><\/ins><span class=\"screen-reader-text\">Current price is: &#036;60.00.<\/span><\/span>\n<\/a><a href=\"\/index.php\/wp-json\/wp\/v2\/posts\/9935?add-to-cart=9869\" aria-describedby=\"woocommerce_loop_add_to_cart_link_describedby_9869\" data-quantity=\"1\" class=\"button product_type_simple add_to_cart_button ajax_add_to_cart\" data-product_id=\"9869\" data-product_sku=\"\" aria-label=\"Add to cart: &ldquo;Tanzania Upstream Sector Activity Outlook 2021-2022&rdquo;\" rel=\"nofollow\" data-success_message=\"&ldquo;Tanzania Upstream Sector Activity Outlook 2021-2022&rdquo; has been added to your cart\">Add to cart<\/a>\t<span id=\"woocommerce_loop_add_to_cart_link_describedby_9869\" class=\"screen-reader-text\">\n\t\t\t<\/span>\n<\/li>\n<\/ul>\n<\/div>\n<p><strong>Field Operations Completed &amp; Additional Seal Potential Identified<\/strong><br \/>\nFollowing the approval of the Environmental Management Plan, the Company undertook a successful field reconnaissance program in the Cabora Basa Basin during the quarter and was concluded ahead of schedule. Detailed traversing and mapping across the area was completed and identified the optimal acquisition routes. The Company is making significant progress on executing the first seismic acquisition program in the country for 30 years and is working closely with the seismic contractors on a planned acquisition campaign in 2021 to commence once the rainy season has concluded. This will be followed by a high impact basin opening drilling campaign to test the petroleum potential of the Cabora Bassa Basin.<\/p>\n<p>The reconnaissance field program completed during the quarter revealed additional exposure of the JurassicCretaceous aged Dande Formation and possibly younger sediments approaching the southern Basin edge. A significant sequence of mudrock interbedded with sandstone, giving rise to typical \u2018ridge and furrow\u2019 topography, was observed for several kilometres along a section coincident with the traverse completed<br \/>\nalong proposed seismic line L35. The conclusion drawn from this observation is that the post-Dande Formation, in this locality and possibly elsewhere, contains a significantly larger proportion of mudrock than previously recognised.<\/p>\n<p>Such developments could have significant intra-formational seal potential for this sequence and de-risk a key element of the petroleum system for this play. The observation of these significant mudrock sequences within this unit is consistent with the interpretation of better developed seals moving basinward. The interpretation is further supported by the elevated amplitude anomalies which may indicate the presence of<br \/>\nhydrocarbons\u00a0 on the high side fault trap coincident with the previously identified Lead A\u00a0 feature in the post Dande formation and could indicate a competent seal and reservoir pair<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-9550\" src=\"https:\/\/i0.wp.com\/oilnewskenya.com\/wp-content\/uploads\/2020\/12\/Zimbabwe-Cabora-seismic.jpg?resize=598%2C304&#038;ssl=1\" alt=\"\" width=\"598\" height=\"304\" srcset=\"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/12\/Zimbabwe-Cabora-seismic.jpg?w=598&amp;ssl=1 598w, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/12\/Zimbabwe-Cabora-seismic.jpg?resize=300%2C153&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/12\/Zimbabwe-Cabora-seismic.jpg?resize=100%2C51&amp;ssl=1 100w\" sizes=\"auto, (max-width: 598px) 100vw, 598px\" \/><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-9551\" src=\"https:\/\/i0.wp.com\/oilnewskenya.com\/wp-content\/uploads\/2020\/12\/Zimbabwe-seismic-2.jpg?resize=600%2C409&#038;ssl=1\" alt=\"\" width=\"600\" height=\"409\" srcset=\"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/12\/Zimbabwe-seismic-2.jpg?w=600&amp;ssl=1 600w, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/12\/Zimbabwe-seismic-2.jpg?resize=300%2C205&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/12\/Zimbabwe-seismic-2.jpg?resize=100%2C68&amp;ssl=1 100w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/p>\n<p><strong>Preferred Contractor selected for seismic acquisition campaign in 2021<\/strong><br \/>\nFollowing the completion of the field reconnaissance program and following receipt of submissions from multiple vendors, the Company has selected it preferred contractor to undertake a seismic acquisition campaign in 2021. The Company will commence detailed planning post formal contract award to enable the acquisition campaign to commence following the conclusion of the rainy season. The Company is planning to acquire a minimum of 400 line km of 2D seismic which exceeds the work program obligations for the current (2nd) exploration period.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Non-binding offer for farm-in to the Cabora Bassa Project During the quarter, the Company received a non-binding offer for farm-in to the Cabora Bassa Project. The proposed transaction is subject &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/invictus-tatanga-energy-sign-gas-sales-mou-for-500mw-gas-to-power-project\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":8566,"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":[7808,8078,8754,9066,9067,2767],"class_list":["post-9935","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-southern-africa","category-top-news","tag-cabora-bassa","tag-geo-associates","tag-invictus","tag-petroleum-exploration-development-and-production-agreement","tag-tatanga-energy","tag-zimbabwe","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-2Af","jetpack-related-posts":[{"id":10117,"url":"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-invictus-signs-petroleum-exploration-development-production-agreement\/","url_meta":{"origin":9935,"position":0},"title":"ZIMBABWE: Invictus Signs Petroleum Exploration Development &#038; Production Agreement","author":"","date":"March 29, 2021","format":false,"excerpt":"Following approval from His Excellency President E.D. Mnangagwa, the PEPDA between Invictus\u2019s 80% owned subsidiary, Geo Associates and the Republic of Zimbabwe has been executed. The agreement was signed on behalf of the Government of the Republic of Zimbabwe by the Minister for Mines and Mining Development, Hon. Winston Chitando\u2026","rel":"","context":"In &quot;Countries&quot;","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\/2021\/03\/President-Mnangagwa-and-Geo-Associates-chairman-Mr-Paul-Chimbodza-presenting-an-honorary-plaque-commemorating-the.jpg?fit=589%2C391&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/President-Mnangagwa-and-Geo-Associates-chairman-Mr-Paul-Chimbodza-presenting-an-honorary-plaque-commemorating-the.jpg?fit=589%2C391&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/President-Mnangagwa-and-Geo-Associates-chairman-Mr-Paul-Chimbodza-presenting-an-honorary-plaque-commemorating-the.jpg?fit=589%2C391&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":12086,"url":"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-invictus-energys-sg-4571-permit-increased-sevenfold\/","url_meta":{"origin":9935,"position":1},"title":"ZIMBABWE: Invictus Energy&#8217;s SG 4571 Permit Increased Sevenfold","author":"","date":"March 28, 2022","format":false,"excerpt":"Invictus\u2019 owned subsidiary Geo Associates (Pvt) Ltd and the Sovereign Wealth Fund of Zimbabwe (SWFZ) have executed a Heads of Agreement\u00a0 to increase Special Grant 4571 (SG 4571) licence area from 100,000 hectares to 709,300 hectares. Under the HoA the SG 4571 licence and application area will be amalgamated with\u2026","rel":"","context":"In &quot;Countries&quot;","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\/2022\/03\/HOA-Signing-Ceremony-with-Hon.-Mthuli-Ncube-Minister-for-Finance-Planning-and-Economic-Development-Planning-with-Mr-Paul.png?fit=572%2C429&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/03\/HOA-Signing-Ceremony-with-Hon.-Mthuli-Ncube-Minister-for-Finance-Planning-and-Economic-Development-Planning-with-Mr-Paul.png?fit=572%2C429&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/03\/HOA-Signing-Ceremony-with-Hon.-Mthuli-Ncube-Minister-for-Finance-Planning-and-Economic-Development-Planning-with-Mr-Paul.png?fit=572%2C429&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":10274,"url":"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-invictus-energy-provides-quarterly-activities-report\/","url_meta":{"origin":9935,"position":2},"title":"ZIMBABWE: Invictus Energy Provides Quarterly Activities Report","author":"","date":"April 29, 2021","format":false,"excerpt":"HIGHLIGHTS \u2022 Petroleum Exploration Development and Production Agreement (PEDPA) signed with Republic of Zimbabwe \u2022 PEDPA provides the licence holder the right to enter into a 25 year production licence following exploration periods \u2022 Completed capital raise of $8m via Private Placement to sophisticated and institutional investors \u2022 Proceeds from\u2026","rel":"","context":"In &quot;Countries&quot;","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\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":15136,"url":"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-invictus-receives-updated-draft-of-the-amalgamated-petroleum-production-sharing-agreement-ppsa\/","url_meta":{"origin":9935,"position":3},"title":"ZIMBABWE: Invictus Receives Updated Draft of the Amalgamated Petroleum Production Sharing Agreement (PPSA)","author":"","date":"July 2, 2025","format":false,"excerpt":"Invictus Energy has provided a positive update on the progress of the Petroleum Production Sharing Agreement (PPSA) for its 80%-owned and operated Cabora Bassa Project in Zimbabwe, along with the agreement to award of National Project Status \u2013 a key milestone in the Project\u2019s development journey.Following the Company\u2019s previous announcement\u2026","rel":"","context":"In &quot;Countries&quot;","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":14892,"url":"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-invictus-energy-selects-musuma-1-high-impact-well-location-set-to-spud-in-h2-2025\/","url_meta":{"origin":9935,"position":4},"title":"ZIMBABWE: Invictus Energy Selects Musuma-1 High-impact Well Location Set  to Spud in H2 2025","author":"","date":"April 15, 2025","format":false,"excerpt":"Invictus Energy has provided an update on the Musuma-1 well location following a highly productive in-country visit by the Invictus Energy Board of Directors. Musuma-1 has been confirmed as the first high-impact exploration well to be drilled outside the Mukuyu gas-condensate discovery area, targeting a new play type in the\u2026","rel":"","context":"In &quot;Countries&quot;","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\/2025\/04\/image-7.png?fit=526%2C523&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/04\/image-7.png?fit=526%2C523&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/04\/image-7.png?fit=526%2C523&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":11347,"url":"https:\/\/www.oilnewskenya.com\/index.php\/zimbabwe-cluff-energy-acquires-25-interest-in-cabora-bassa-projec\/","url_meta":{"origin":9935,"position":5},"title":"ZIMBABWE: Cluff Energy Acquires 25% Interest in Cabora Bassa Project","author":"","date":"December 9, 2021","format":false,"excerpt":"Invictus Energy has announced that it has executed a farm-in option agreement with Cluff Energy Africa Limited (CEA) for a 2 well exploration drilling campaign in the Cabora Bassa Project. CEA will fund 33.33% of the costs for a 25% interest in the Cabora Bassa Project and Invictus will remain\u2026","rel":"","context":"In &quot;Countries&quot;","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\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/07\/Zimbabwe-Cabora-Bassa.jpg?fit=570%2C797&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/9935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=9935"}],"version-history":[{"count":4,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/9935\/revisions"}],"predecessor-version":[{"id":9940,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/9935\/revisions\/9940"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/8566"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=9935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=9935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=9935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}