Musuma-1 Exploration Well Spud Confirmed for November 2026
Key points
- Deed of Variation executed with Exalo Drilling S.A. for Musuma-1 drilling
- Rig maintenance and operational readiness campaign underway
- Well services procurement and mobilisation in progress
Full summary
Invictus Energy Ltd has executed a Deed of Variation with Exalo Drilling S.A. to drill the high-impact Musuma-1 exploration well, scheduled to spud in November 2026 at the Cabora Bassa Project in Zimbabwe. The revised rig contract, along with securing rig preparation and well services, confirms the drilling timeline. Exalo will conduct a comprehensive maintenance campaign before mobilizing to the wellsite. Well services procurement is well advanced, and wellpad construction will commence following customary cultural ceremonies. Musuma-1 targets an estimated 1.2 Tcf of gas and 73 million barrels of condensate, representing a significant undrilled opportunity in the Cabora Bassa Basin.
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