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Zim gas deal: ‘New era in Africa energy future’

African Energy Chamber chairman NJ Ayuk

INVICTUS Energy’s aggressive push to tap Zimbabwe’s natural gas reserves underscores Africa’s urgent drive to leverage upstream exploration for energy security and transition, the African Energy Chamber said this week.

With its landmark Cabora Bassa project gaining momentum, the firm is positioning itself as a key player in delivering gas-to-power solutions while fueling economic growth. 

“Invictus Energy’s progress in unlocking Zimbabwe’s natural gas potential exemplifies the critical role upstream exploration and development play in Africa’s energy transition,” NJ Ayuk, executive chairman of the African Energy Chamber, said this week.

“The Cabora Bassa project is a flagship example of how new resources can power economic growth while supporting cleaner energy solutions.” 

The development comes as African nations seek to balance hydrocarbon exploitation with decarbonisation goals, sparking debate over the continent’s energy future.

Scott Macmillan, founder and managing director of Invictus Energy, will deliver key insights on Zimbabwe’s emerging upstream sector at African Energy Week (AEW): Invest in African Energies, set for September 29 to October 3 in Cape Town, the African Energy Chamber announced.

His participation comes at a pivotal time, as Invictus spearheads Zimbabwe’s first confirmed commercial gas discovery at the Cabora Bassa Basin, marking a major milestone in the country’s pursuit of energy self-sufficiency and regional trade integration.

The Mukuyu gas field, located in the Cabora Bassa project area, represents Zimbabwe’s entrance into the league of African gas producers.

Following successful exploration results and the award of Environmental and Social Impact Assessment approvals, Invictus is now advancing the project towards commercialisation.

The company recently secured the green light to begin pilot production activities, including supplying gas to the Eureka Gold Mine gas-to-power project — a step that not only monetises gas resources but also supports domestic power generation.

Building on this momentum, Invictus has selected the Musuma-1 well for its next high-impact drilling campaign.

Situated outside the Mukuyu discovery area, the well targets an estimated 1,2 trillion cubic feet of gas and 73 million barrels of condensate, unlocking further potential within the greater Cabora Bassa Basin.

This next phase aims to de-risk additional stacked targets and expand Zimbabwe’s upstream footprint in a region with significant geological potential.

“As Zimbabwe works to diversify its energy mix and leverage its natural resources for industrial growth, the participation of companies such as Invictus sends a clear message to global investors: Zimbabwe is open for energy business,” African Energy Chamber said.

With a focus on exploration, development and monetisation of African gas, African Energy Chamber said Invictus’ involvement at AEW will showcase the company’s strategic vision, technical capability and role in unlocking new frontiers for investment.

AEW: Invest in African Energies is the platform for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy.

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