Categories: BusinessZim Latest

Oil drilling rig to remain in Muzarabani for 12 more months as Energy Invictus fails to complete tests

The drill rig at Energy Invictus in Muzarabani will stay in Zimbabwe for another 12 months to target two more well locations.

Latest update from Energy Invictus indicate that operations are ending at first well site as it’s no longer possible to obtain the fluid sample needed to confirm oil or gas.

In the update, the company says the primary and backup wireline formation testing tools are currently non-functional and the duration to repair or replace parts is unknown.

The logging conditions evidenced by tool and drillpipe sticking and significant overpull observed during fishing operations also render conditions unsuitable to make further attempts to obtain a fluid sample even with functioning wireline tools.

Subsequently further attempts to obtain a fluid sample are not feasible and the Company will conclude operations on Mukuyu-1 and ST1 well and demobilise the well services equipment and personnel. Rig 202 will be warm stacked at the Mukuyu-1 well location to allow for maintenance and upgrades prior to recommencing drilling at either Mukuyu-2 or Baobab-1 in 2023 following sourcing of required long leads and tendering of well services and equipment.

Laboratory analysis of sidewall cores acquired during logging and drill cuttings and mudgas samples acquired whilst drilling will provide further calibration of the wireline and the geological model once completed.

Read the rest of the statement below:



Recent Posts

JUST IN: Murehwa Magistrate arrested ‘for taking bribes’

The Zimbabwe AntiCorruption Commission (ZACC) has arrested Murehwa Magistrate Terence Mashaire on allegations of receiving… Read More

1st March 2024

President Mnangagwa to officially open 5th International Renewable Energy Conference and Expo

President Emmerson Dambudzo Mnangagwa is today expected to officially open the 5th International Renewable Energy… Read More

1st March 2024

Gold Coin and Gold-backed Digital Token Prices – 01 March 2024

The Reserve Bank of Zimbabwe (RBZ) has issued more than 736,52 kilogrammes worth of gold-backed… Read More

1st March 2024

Don’t buy me a car, rather channel your ‘donation’ to vulnerable members of public, Shadaya Knight tells followers

Prominent social media influencer Shadaya Knight has declined an offer by his followers to buy… Read More

1st March 2024

400 000 vehicles dodge licence fees, ZINARA

Only 800 000 out of 1,2 million registered vehicles are being compliant in terms of… Read More

1st March 2024

LATEST ZIMSTAT DATA: Zimbabwe registers 43% trade deficit

Zimbabwe exported goods worth US$540 million in January and imported goods worth US$692.7 million during… Read More

29th February 2024