Invictus Awards SLB Well Services Contract for Musuma-1 Well, On Track for November Spud in Zimbabwe’s Cabora Bassa Basin

Invictus Energy Limited has awarded a key drilling and well services contract to SLB, formerly Schlumberger, for its upcoming high-impact Musuma-1 exploration well in the Cabora Bassa Basin in Zimbabwe. The award keeps the project on schedule for drilling to commence in November 2026. The contract covers the provision of specialized drilling services, technology, and operational resources required for the Musuma-1 campaign, and planning for equipment preparation, logistics, and mobilisation is now underway.

Invictus Managing Director Scott Macmillan described the agreement as a critical milestone in operational readiness. He said securing SLB completes another important component of the Musuma-1 campaign and significantly advances preparations ahead of drilling. According to Macmillan, SLB brings world-class technical expertise, equipment and operational capability, as well as valuable continuity from the successful Mukuyu-2 drilling campaign.

Field preparation is accelerating across multiple workstreams. Construction of the Musuma-1 wellpad, access roads, and associated civil infrastructure is currently underway. These works follow customary cultural ceremonies conducted last week with local traditional leaders, underscoring the Company’s commitment to community engagement. At the same time, Exalo S.A. has commenced its planned maintenance, inspection and readiness program for Rig 202 to ensure the rig is fully prepared ahead of mobilisation. Once maintenance is complete, Rig 202 will be moved to the wellsite for commissioning and acceptance prior to drilling. SLB well services equipment is also entering its preparation and mobilisation phase.

In the lead-up to November, Invictus will continue with the completion of the Musuma-1 wellpad and supporting civil works, the finalisation of Rig 202’s maintenance and readiness program, and the preparation and mobilisation of SLB’s well services equipment. This will be followed by the mobilisation of drilling materials, tubulars and wellhead equipment, the mobilisation of Rig 202 to site, and final rig-up, commissioning and pre-spud activities.

Musuma-1 will test a material independent exploration target within the Eastern Margin play of the Cabora Bassa Basin. The well is a key part of Invictus’ ongoing exploration program across its 360,000-hectare portfolio in Special Grant 4571 and EPOs 1848/49, which also hosts the Mukuyu Gas Field and multiple Basin Margin prospects.

The appointment of SLB is an important addition to the company’s operational preparations. The international oilfield services provider’s involvement also gives the campaign access to technical capabilities and equipment that supported Invictus during its earlier Mukuyu-2 drilling program, providing a degree of operational continuity as the company moves towards Musuma-1.

The coming weeks will focus on completing the wellpad and supporting infrastructure, finalising the rig maintenance program and preparing the specialist equipment required for the campaign. Drilling materials, tubulars and wellhead equipment will subsequently be transported to the site, followed by the mobilisation and installation of Rig 202. Final commissioning, rig-up and other pre-drilling activities are expected to precede the planned November spud.

With civil works, rig preparations and specialist service mobilisation advancing simultaneously, Invictus is now moving closer to the operational phase of the Musuma-1 campaign. The company’s immediate objective is to complete the remaining site and equipment preparations in time to maintain the November drilling schedule.

Leave a Reply

Business

Old Mutual Posts Strong First-Half Growth, Raises Dividend and Launches R1 Billion Buyback

Old Mutual Limited delivered a solid set of unaudited interim results for the six months ended 30 June 2026, supported by stronger sales, improved margins, disciplined cost management and good progress on its strategic reset. The Group reported 21% growth in both Life Annualised Premium Equivalent sales and gross flows, reflecting improved competitiveness across South […]

Read More
Business

WestProp Shareholders Approve Restructuring Plan and Minority Exit Offer

WestProp Holdings Limited shareholders have approved a comprehensive scheme of reconstruction that will split the company’s assets and offer eligible minority shareholders in Alpha Holdings Africa an exit at a significant premium. The resolutions were passed at an Extraordinary General Meeting held on Tuesday, 1 September 2026. Shareholders representing 76.18% of the register attended in […]

Read More
Business

Revitus REIT Delivers Strong 2025 Growth on Higher Income and Asset Upgrades

Revitus Property Opportunities Real Estate Investment Trust closed 2025 with a marked improvement in financial performance, supported by stronger rental income, investment gains, and ongoing upgrades across key properties. For the year ended 31 December 2025, the REIT posted a profit of US$4.6 million, a sharp increase from the prior year. The result was driven […]

Read More