Invictus Energy Limited (Invictus) has begun preparations of its Musuma 1 exploration well, building up to the company’s planned oil drilling commencement in the second half the year.
“…operational preparations for the high-impact Musuma-1 exploration well in the Cabora Bassa Basin, Zimbabwe have commenced ahead of planned drilling activities in H2 2026,” Invictus managing director Scott Macmillan said.
“Commencing early site works and rig planning activities positions the company well for an efficient drilling campaign in the second half,” he said.
He said Invictus, which recently secured $10 million to fund forward works at its 80 percent-owned project, will “remain focused on advancing preparations for the well while continuing engagement with stakeholders, contractors and government authorities in support of the upcoming drilling program.”
Macmillan said Musuma-1 is a compelling prospect with material scale and the potential to build on the success of the Mukuyu gas-condensate discovery.
“The prospect is supported by seismic amplitude anomalies and structural definition identified on the CB23 seismic survey, and is considered one of the key follow-up exploration opportunities in the Basin,” he said.
Invictus – an independent Australian oil and gas exploration company – has said it will channel the fresh capital primarily toward the project.