Invictus Energy: First to test the Cabora Bassa Basin with the Mzarabani 1 high impact well
Over the next few years Africa will play host to several High Impact Wells, all of which if positive have the potential to shift the E&P landscape.
Figure 1: Africa's High Impact Wells
These wells will test prospects in deeper water than have ever before been tested (Total's Ondjaba - 1), test basins that have never been drilled before (Invictus Energy's Mzarabani - 1) or be the first exploratory well ever drilled in a country (Galp's Jaca-1). Others are relatively low risk, but if positive may be transformational for a country (AziNam's Gazania-1) and others may extend prolific super plays (Dana Gas' Thuraya-1).
The Mzarabani 1 well from Invictus Energy will target structurally trapped gas in a 200-sq-km closure of the Mzarabani anticline which runs along the southern margin of the basin. The well's primary target will be in the Upper Triassic Angwa Formation with potential multi Tcf of gas in place. This relatively low-cost exploration well is strategically positioned to supply into Southern African market.
Just before starting an infill 2D seismic campaign to position the
well, Invictus Energy's Founder and Managing Director, Scott
Macmillan talks IHS Markit's Cyril Ruchonnet, Associate Director
for African Regional Research, through this potential play and
basin opener.
Watch the Invictus Energy interview Part 1:
GEPs subscribers are able to access part 2 of the exclusive interview to hear more from Scott and Cyril discussing:
- The Cabora Bassa Basin ( Rufunsa Basin) exploration to date
- Potential gas monetization in the case of success
- Positive investor sentiment for frontier exploration since the
COVID pandemic
Posted 30 April 2021
This article was published by S&P Global Commodity Insights and not by S&P Global Ratings, which is a separately managed division of S&P Global.