Invictus awards well services contracts for Mukuyu-2 in Zimbabwe
Australia-listed Invictus Energy has awarded multiple well services contracts to international service companies for the drilling of the Mukuyu-2 well at the Cabora Bassa project in Zimbabwe, it said on June 26.
SLB (previously known as Schlumberger) has been awarded the open-hole wireline logging contract, Geolog International has been awarded the mudlogging contract, and Baker Hughes in combination with NOV has been awarded the directional drilling and logging while drilling contracts. The remaining services, including cementing, drilling fluids and mud engineering, tubular running, fishing and abandonment, liner hangers, reservoir technical services, and project management, have been retained by Baker Hughes.
The objective of the upcoming drilling campaign is to build upon the success of the Mukuyu-1/ST-1 well and confirm a commercial discovery, which would put the company on a pathway to development, Invictus said.
The Mukuyu-1/ST-1 well has already confirmed the presence of light oil, gas, and helium, which has de-risked drilling in the frontier Cabora Bassa basin. Mukuyu-2 represents the next step in unlocking the potentially significant resource in the area, the company said.
The planned maintenance program for Exalo's Rig 202 has been completed, and the rig will be moved to the Mukuyu-2 wellsite. The well is on track to begin drilling in the third quarter, and it will test multiple stacked targets within the greater Mukuyu structure with the aim of confirming a commercial discovery.
The Cabora Bassa project comprises the Mzarabani and Msasa gas and condensate prospects and is operated and 80% owned by Invictus.
Invictus recently successfully raised A$12.7mn ($8.3mn) through an oversubscribed share placement plan. The proceeds from the placement will be utilised for various activities at the Cabora Bassa project, including preparations for the Mukuyu-2 appraisal well programme, phase two exploration campaign, and a 2D seismic and processing programme.