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Invictus Energy Takes Cabora Zimbabwe’s Cabora Bassa Opportunity to AEW 2026 as Bronze Partner
Invictus Energy will participate in African Energy Week (AEW) 2026 as a Bronze Partner, bringing Zimbabwe’s Cabora Bassa Basin development into the continent’s premier energy investment forum. The partnership comes as Invictus shifts from frontier exploration toward commercial development following major discoveries, regulatory progress and a landmark production sharing agreement.
Invictus holds an 80% interest across 360,000 hectares in the Cabora Bassa Basin, where its Mukuyu discovery has established a significant gas-condensate resource. The company estimates the project contains 4.2 trillion cubic feet (tcf) of gas and 264 million barrels of condensate, positioning Cabora Bassa as a potential new source of domestic gas and power for Zimbabwe.
The company signed a petroleum production sharing agreement with the government of Zimbabwe in May this year, establishing the fiscal and commercial framework for future development. The agreement gives the state a 20% interest and incorporates the Mutapa Investment Fund, while providing a framework under which Zimbabwe can take its share through profits or physical gas volumes.
Invictus is now preparing for its next major exploration catalyst, with the Musuma-1 well scheduled to spud in November. The well will target an independent prospect on the eastern basin margin containing an unrisked gross mean prospective resource of 1.2 tcf of gas and 73 million barrels of condensate, potentially expanding the basin’s commercial footprint.
The company has also secured Exalo Drilling Rig 202 through a deed of variation with Exalo Drilling, while wellpad construction, civil works and rig preparations advance ahead of mobilization. Invictus also completed an approximately $7-million capital raising in July, strengthening its funding position for the upcoming drilling program and wider appraisal activity.
Alongside exploration, Invictus is developing an early gas-to-power commercialization pathway centered on Mukuyu. A pilot project with Dallaglio and Himoinsa is designed to generate an initial 12 MW for the Eureka Gold Mine, with potential expansion to 50 MW as gas production develops and additional industrial demand emerges.
The company is also pursuing broader gas monetization through an MoU with Mbuyu Energy, potentially supplying gas-to-power generation facilities connected to the Southern African Power Pool. Longer-term plans include regional pipeline infrastructure and modular LNG production, creating multiple routes for Cabora Bassa gas to reach Zimbabwean and regional energy markets.
“Invictus Energy represents the type of African-led resource development that AEW is designed to showcase, where exploration success is being matched by commercial planning, government alignment and investment,” says NJ Ayuk, Executive Chairman, African Energy Chamber. “Its participation brings Zimbabwe’s emerging gas opportunity into direct conversation with investors, developers and energy companies from across the continent and beyond.”
Invictus’ Bronze Partnership gives AEW 2026 delegates direct engagement with an emerging African upstream developer advancing one of the continent’s most significant recent onshore gas discoveries. Its participation comes as Zimbabwe seeks to convert new hydrocarbon resources into domestic power generation, industrial growth and energy security, while attracting investment into an underexplored frontier basin.