Zim Now Writer
Australian Securities Exchange-listed energy firm, Invictus Energy, which is searching for oil and gas in Muzarabani, in Mashonaland Central Province says it is on track to meet its target.
This comes as the firm confirmed the presence of light oil, gas condensate and helium through the mud gas analysis from the Mukuyu-1 well drilled last year, which proved the presence of hydrocarbons in multiple reservoir pay zones.
“Mukuyu-2 is on track to complete drilling and evaluation within an estimated 50-60 days. Since the last update, the Exalo Rig 202 has drilled the 17 ½” surface hole section down to a depth of approximately 496 metres Measured Depth (MD).
“Rig 202 will continue to drill ahead in the 12 ¼” inch intermediate hole section through the Dande and Forest targets to a planned total section depth of approximately 2,040m MD within the Pebbly Arkose formation before running a wireline logging evaluation suite and then setting the 9 ⅝” casing,” Invictus Energy said in a statement.
The firm added: “The 13 ⅜ inch casing has been set in place and the blowout preventer (BOP) stack successfully installed, with drilling of the intermediate 12 ¼ inch hole section commenced.
“Forward Plan Rig 202 will continue to drill ahead in the 12 ¼” inch intermediate hole section through the Dande and Forest targets to a planned total section depth of approximately 2 040m MD within the Pebbly Arkose formation before running a wireline logging evaluation suite and then setting the 9 ⅝” casing,” the statement, which was released yesterday, said.
Invictus added that the Mukuyu-2 well will be drilled to a planned total depth of 3 750 metres.
“Drilling and evaluation of the well is prognosed to take approximately 50 to 60 days to complete.”
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