Invictus Energy (IVZ) has awarded an integrated well services contract to global oilfield service provider, Baker Hughes for its Caborra Bassa project in Zimbabwe Australia-listed Invictus said it had chosen Baker Hughes which is one of the world’s leading oilfield service providers, operating in more than 120 countries worldwide after a tender and evaluation process The two companies have signed a letter of intent and expect to sign a contract in the next few weeks Following completion of a tender and evaluation process, Baker Hughes has been contracted to undertake cementing, mudlogging, drilling fluids, tubular running, directional drilling and logging, installation of wellhead equipment and project management
Invictus is in the process of advancing its current exploration program with the acquisition of infill seismic data for a planned drilling campaign
Invictus contracted the Exalo Rig 202 to carry out the work, it announced in December 2021 It said it planned to spud the first well in the first half of 2022 Invictus has previously said it would begin drilling in May The company has also contracted ERCE Equipoise to carry out an independent prospective resource update on the Cabora Bassa project
ERCE will use the newly acquired and processed high resolution 2D seismic data from the CB21 Seismic Survey completed in November 2021 and the concurrently reprocessed 1990 vintage Mobil 2D seismic survey for the prospects and leads identified from the seismic interpretation
At the heart of the Cabora Bassa project is the Muzarabani prospect This may hold 8.2 trillion cubic feet of gas and liquids Invictus has described this target as “potentially the largest, undrilled seismically defined structure onshore Africa” The initial plan is for a two well, back-to-back drilling programme
Invictus’ deal with Exalo requires the company to commit to the second well by February 15 Source: The Anchor
All Zim News
All Zim News is a central hub for all things Zimbabwean, curating news from across the country so no story is missed Alongside aggregation, our team of nationwide reporters provides real-time, on-the-ground coverage Stay informed and connected — reach us at admin@allzimnews.com.
Source: Theanchor
