Canadian seismic Company Polaris Natural Resources announced today it would acquire at least 400 km-line of 2D from Invictus Energy in Zimbabwe. Thus, the program aims to identify a drilling location for the first well, Mzarabani-1, located in the Cabora Bassa Basin.
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Polaris on winning seismic from Invictus
Today, seismic company Polaris Natural Resources announced it would acquire at least 400-line km of 2D from oil and gas exploration company Invictus Energy. Therefore, this program aims to identify a drilling location for the first well, Mzarabani-1.
Accordingly, Invictus signed a Petroleum Exploration Development and Production Agreement (PEDPA) with Zimbabwe in late March. Therefore, the seismic Company will begin moving seismic equipment and personnel to Harare in the coming weeks.
Besides, Invictus said it appointed Barry Meikle to be the seismic project manager. In fact, Mobil acquired a substantial amount of seismic and other data on the Zimbabwe license in the 1990s.
Thus, Invictus believes there may be 8.2 trillion cubic feet (232 billion cubic meters) in the Mzarabani prospect. Besides, the Company said it might drill a well on the license in the second half of the year. Notably, Reconnaissance Energy Africa’s recent success in Namibia’s onshore Kavango Basin is likely to have encouraged Invictus.
For instance, ReconAfrica awarded Polaris Energy Resources work in the Namibian basin in January. Moreover, the Namibian contract was for 450 km of 2D seismic.
“Polaris is very pleased to support Invictus on this world-class project. Indeed, the combination of technologies represents not only the lightest seismic footprint possible but also allows for high-speed and high-resolution data acquisition,” said the seismic Company’s CEO Bill Mooney.
On the other hand, Invictus managing director Scott Macmillan said: “our exploration program is on track, and the significant amount of preparatory work that we have undertaken is paying off.”
Moreover, “the seismic program will enable us to refine the Mzarabani-1 target defined from the existing seismic dataset. Also, it will help us fill our prospect inventory ahead of our basin-opening drilling campaign. Finally, we are very excited to get our exploration program underway.”