Invictus Energy has expressed elation over the Zimbabwe Environmental Management Agency approval of the Environmental Impact Assessment which enables the company to undertake activities in the exploration drilling for the CB23 Seismic Survey and Mukuyu-2 well.
The project is the first oil mining expedition in Zimbabwe.
Invictus is an independent upstream oil and gas company headquartered and listed on the Australian Securities Exchange with offices in Harare.
Recently, Invictus confirmed the presence of light oil, gas condensate and helium at Cabora Bassa adding that the mud gas analysis from theMukuyu-1 well drilled last year had proved the presence of hydrocarbons in multiple reservoir pay zones.
The EIA assessment included field surveys and baseline measurements of hydrology, ecology, environmental, archaeological, hydrogeological, soil surveys and socioeconomic and community consultations of the key project stakeholders, local leaders, relevant government ministries and government extension offices.
In a statement, Invictus Energy Managing Director Scott MacMillan said the energy utility company is delighted over EMA’s license renewal.
“The Company is very pleased to have the Environmental Impact Assessment and our Environmental Management Plan renewed by EMA.
“The EIA survey has been one of the most comprehensive surveys undertaken for a natural resources project in the country and we thank them for their thorough and professional work.
“It clears the way for our upcoming 2D seismic campaign and drilling of the Mukuyu-2 well, allowing us to follow up our initial exploration work at Mukuyu-1, which confirmed a working hydrocarbon system in the Cabora Bassa Basin and the presence of light oil, gas-condensate and helium.
“We are also pleased to have our CSR program recognised for the impact it is having in local communities and success at Mukuyu-2 will enable us to expand our program further.
“Our shared prosperity approach with our shareholders, host governments and local communities strives to ensure all stakeholders benefit from finding, developing and producing natural Resources,” MacMillan said.
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