Invictus Energy expects to mature several advantages in its projects in Zimbabwe to drill ready prospects, adding to a significant exploration portfolio and prospective resource base.
The company continues with its 2023 seismic acquisition program at its 80% owned and operated Cabora Bassa project.
“The company is pleased to have made significant progress with the 2D seismic data acquisition campaign at EPO 1848 and EPO 1849,” said CEO Scott Macmillan. “Seismic acquisition has commenced across several interesting tracks on the Mukuyu trend and we anticipate maturing a number of these to drill ready prospects, which will add to our world-class exploration portfolio and substantial potential resource base.”
In addition to EPOs 1848 and 1849, Invictus’ asset portfolio consists of SG 4571. Cabora Bassa is one of Africa’s largest underexplored inland basins. The project includes the Mukuyu structure, which was drilled in late 2022, confirming a working hydrocarbon system in the Cabora Bassa basin and de-risking other exploration prospects along the Central Fairway play.
Macmillan added that Polaris has already completed 425 kilometers (264 miles) of seismic line preparation, ensuring the data acquisition campaign is completed seamlessly.
Having also acquired Invictus’ CB21 seismic survey, Polaris is well positioned to deliver safe and efficient operations, Invictus said. The first recorded data has been acquired and the survey is expected to be complete by mid-August.
The program is a key part of the second phase of Invictus’ exploration campaign in the Cabora Bassa Basin, with the new seismic lines linked to existing legacy data, including Invictus’ 2021 survey.
Invictus said the data will provide a denser seismic network over wires identified in the east of the basin and along the basin’s southern margin. This, together with data and insights from Mukuyu-1 and the upcoming Mukuyu-2 well, will be used to mature these prospects as future drilling candidates.
The survey work will include some dedicated testing of acquisition parameters that will enable optimization of a potential future 3D seismic survey in the basin, Invictus said.
In addition, the company has awarded the contract for processing the data acquired on the CB23 to Earth Signal Processing. Earth Signal processed the CB21 survey for Invictus and this prior experience will enable an efficient processing workflow and provide a high-quality, seamless dataset across the basin, Invictus said.
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