Invictus Energy’s Cabora Bassa Project Poised for National Project Status

Australian-based Invictus Energy is on the verge of a major milestone as its oil and gas exploration efforts in Zimbabwe’s Cabora Bassa Basin move closer to receiving National Project Status (NPS).

The Cabora Bassa project, which centres on unlocking significant gas and condensate reserves in the Mukuyu gas field, is positioned to become a cornerstone of Zimbabwe’s energy future.

The designation of NPS would mark a major step forward for the venture, bringing with it a host of benefits, including streamlined permitting, tax incentives, and enhanced infrastructure access.

In its latest quarterly update, Invictus Energy confirmed that Zimbabwe’s Ministry of Finance had identified the Cabora Bassa project as a candidate for National Project Status.

The company is currently completing the necessary steps for official approval. If granted, the status will underscore the project’s potential to contribute meaningfully to economic development, job creation, and foreign direct investment.

Invictus is also making headway on its pilot production plans, including a gas-to-energy initiative for Eureka Gold Mine and broader ambitions to supply gas to regional markets.

To bolster the project’s momentum, the Mutapa Investment Fund recently committed US$5 million to support key activities such as flow testing, seismic work, and drilling—part of the transition from exploration to commercial development.

Additionally, Invictus is engaging with various strategic and financial partners who could contribute capital and technical expertise to future phases of the Cabora Bassa project.

These talks aim to secure the necessary resources to develop the Mukuyu gas field and establish a new energy hub in Zimbabwe.