Page 14 - AfrOil Week 49 2022

AfrOil PROJECTS & COMPANIES AfrOil

Invictus has found evidence of a working petroleum system in Mukuyu-1 (Image: Invictus Energy)

“Whether that is in the form of product or rev- Mukuyu-1, the first of two exploration wells.
enue, it is for government to choose. They will The field may hold 20 trillion cubic feet (566.4bn
by far be the major beneficiaries of what we are cubic metres) of natural gas and 845mn barrels
going to find here, which is a fair deal,” he said. of gas condensate, according to an updated inde-
“The investors have taken a risk and invested pendent report drawn up by ERCE, a UK-based
but the resource belongs to Zimbabwe, and the energy consultancy.
benefits must percolate and seep through the Mukuyu, formerly known as Muzarabani, is
entirety of the Zimbabwean economy. This will the larger of the two fields within the SG 4571
have a major impact on the budget, on foreign licence area.
currency earnings and infrastructure. There are An older resource estimate drawn up by
tremendous downstream opportunities that can AIM-listed Getech Group speculates that
be explored.” Msasa, the smaller of the two sites, may hold
Chimbodza, through his One Gas Resources, 1.05 tcf (29.73 bcm) of gas and 44mn barrels of
holds 20% of Geo Associates while Invictus has condensate.
an 80% interest. The partnership already has two Invictus recently acquired exploration rights
offtake agreements with established customers to two additional licence areas adjacent to SG
in Zimbabwe to supply up a total of 1.2tcf of nat- 4571 – namely, Exclusive Prospecting Orders
ural gas over a 20-year period to an ammonium 1848 and 1849, or EPO 1848 and EPO 1849.
nitrate fertiliser manufacturer and gas-to-power Together with SG 4571, EPO 1848 and EPO
developer. 1849 cover “the entire conventional oil and gas
The Australian company recently found play in the Cabora Bassa basin,” the Australian
evidence of a working hydrocarbon system in company said in a statement dated August 17. ™

BW Energy preparing for 3D

seismic study of Kudu gas field

NAMIBIA BW Energy (Norway) says it will conduct a 3D “further enhance the depositional model” in
seismic survey of the Kudu natural gas field off- the Kudu licence area, the statement said. The
shore Namibia in order to identify additional company will also use the results to identify new
exploration targets and attract a new investment potential exploration targets and possibly to
partner. support future discussions on farm-in deals and
The Oslo-listed firm revealed in a statement on front-end engineering and design (FEED)
on December 2 that it had signed a contract on work, it added.
the collection of 4,600 square km of 3D seismic It further noted that geophysical and well
data from Production Licence 3, an offshore data collected during previous exploration cam-
block that includes the Greater Kudu area. It did paigns, along with a recently purchased 2D seis-
not identify the company that it had contracted mic dataset, had “confirmed the high potential”
for this purpose, but it did say that the available of the Kudu field. Meanwhile, it said, additional
information justified this level of scrutiny. prospects have been noted within the Greater
The 3D data collected in the new study will Kudu area – including Kudu North.

P14 www. NEWSBASE .com Week 49 08•December•2022