Muzarabani oil, gas field equipment arrives at the border
Thupeyo Muleya–Beitbridge Office
The shipment of the seismic survey equipment that will be used by Australian firm Invictus Energy to map the geology of the potential Muzarabani oil and gas field passed through the Beitbridge border post yesterday in five giant trucks after having been unloaded in Durban last month.
Border officers prioritized cargo, with Zimra officers working with professional clearance officer staff to finalize customs clearance.
“We plan to complete the physical exams later today in order to take another step, and we want to move this priority cargo as soon as possible,” said a border official.
The equipment will be used in a seismic survey to identify the best sites for drilling exploration wells.
Invictus Energy, parent company of Geo-Associates which owns the Muzarabani grant, listed on the Australian Stock Exchange, has made significant progress in trying to establish whether there are commercially viable oil and gas reserves in the Cabora Bassa basin. in Zimbabwe, the geological formation underlying the Muzarabani Zone. The French oil giant Mobil in the early 1990s did some initial seismic studies but decided not to follow up.
However, Invictus using more modern data processing techniques, reprocessed the collected data and found strong evidence that the underlying geological structures had the domes and traps that could point to oil and gas in Muzarabani.
Exploration wells are needed to see if these domes and traps have indeed trapped the organic matter which breaks down into gas and oil, but before this step it is necessary to more accurately map the underlying geology, and this is Invictus going to do now. .
The successful delivery of the equipment to be used in the company’s seismic survey follows President Mnangagwa’s approval of the company’s Oil Exploration Development and Production Agreement (PEDPA).
The PEDPA provides the framework for the progression of the Muzarabani project through the phases of exploration, appraisal, development and production, as well as the obligations and rights of each party throughout the life cycle of the project.
The Australian firm needed this to be clarified before it could commit the large sums required for the next stages of exploration.
As part of Vision 2030’s building blocks of upper-middle-income economy status, the government is working to increase mineral exports from $ 3.7 billion to $ 12 billion. ‘by 2023.
It is envisioned that any natural gas and much of the oil discovered at Muzarabani would more likely be used in Zimbabwe.
Invictus Energy has awarded the Canadian company Polaris Natural Resources the contract to undertake a seismic survey, a means of mapping geology using underground vibrations.
Polaris intends to perform, process and interpret a minimum of 400 kilometers of seismic lines to define the best site for the first well, Mzarabani-1, as well as possible sites for future test drilling or wells. of production.