Invictus awards four contracts for Mukuyu-2 spuddi...

Invictus awards four contracts for Mukuyu-2 spudding

Zim Now Writer

Australia-listed Invictus Energy has awarded key contracts to SLB, Baker Hughes and NOV as it gears up to spud its Mukuyu-2 appraisal well within the coming few months.

This was revealed in an update this Monday by managing director Scott Macmillan.

“The aim of the upcoming campaign is to build upon the success of the Mukuyu-1/ST-1 well and confirm a commercial discovery, putting the company on a pathway to development,” Macmillan said.

Macmillan said SLB has been awarded the open-hole wireline logging contract, Geolog International has been awarded the mudlogging contract, while Baker Hughes in combination with NOV have been awarded the directional drilling and logging while drilling contracts.

The remainder of the 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.

Macmillan confirmed that plans to spud in 2023 remain on track.

“The planned maintenance programme for the Exalo 202 rig has been completed and we remain on schedule to spud in the third quarter of CY23,” he said.

Drilling on Mukuyu-1 and a sidetrack found promising signs of oil and gas in q4 2022 but full data could not be acquired due to challenging downhole conditions and equipment failures.

“Mukuyu-1/ST1 has already confirmed the presence of light oil, gas and helium, de-risking drilling in the frontier Cabora Bassa basin and Mukuyu-2 is the next step to unlocking this potentially significant resource,” said Macmillan.

Last month, Invictus awarded Polaris Natural Resource Development a contract to provide 2D seismic acquisition services for its phase two exploration campaign in the Cabora Bassa Basin.

In statement the company said the seismic survey would cover a minimum of 400-line kilometres in the eastern portion of exclusive prospecting orders 1848 and 1849 to mature multiple leads along the proven play to the east of, and on trend with Mukuyu.