ZIMBABWE: Invictus Energy Signs Integrated Well Services Contract with Baker Hughes

Invictus is pleased to confirm it has executed a binding well services contract with Baker Hughes  for its basin opening drilling campaign in the Muzarabani-Mbire area of Zimbabwe, scheduled to commence end of July 2022.

The contract comes after Invictus signed a letter of intent with Baker Hughes in February for well services in support of the Company’s upcoming two-well exploration campaign at the Cabora Bassa project.

The contract is for services including cementing, mudlogging, wireline, drilling fluids and mud engineering, tubular running, finishing and abandonment, directional drilling and logging, liner hangers, drill bits, reservoir technical services and project management.

The scope of the contract also includes the supply and installation of wellhead equipment.

Drilling on schedule to start in July
As announced on 10 March, Invictus has signed a binding drilling contract for the Exalo Rig 202 to perform the drilling work. The drilling rig is expected to mobilise to Zimbabwe in early June from Tanzania where the rig has just completed a three-well program. The drilling of the first well in Invictus’ campaign is anticipated to commence in July