Australian Company Confirms Muzarabani Oil Potential
An Australian company, Invictus Energy Limited, has confirmed the potential of oil in Muzarabani, Cabora Bassa Basin, in Mashonaland Central Province, 25 years after Mobil carried out similar studies in the area and left.
The Cabora Bassa Project encompasses the Muzarabani Prospect, a TCF+ conventional gas-condensate target which is the largest, undrilled seismically defined structure onshore Africa.
In a statement on Monday, Invictus Energy said:
Preliminary gravity data reprocessing confirms shallow basement trend associated with Muzarabani anticline and identifies further leads Invictus Energy Limited (“Invictus” or “the Company”), is pleased to announce that the ongoing basin modelling study (the “Basin Model”) and geochemical studies confirm the oil potential of the Cabora Bassa Basin
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