Zimbabwe has discovered oil and gas deposits during exploration in the northern Cabora Bassa region.
An analysis of five mud gas samples collected from the Upper Angwa reservoir during the drilling of the Mukuyu-1 well between September and December showed ‘light oil’ and ‘very rich gas’, according to Invictus Energy, an Australian firm.
Invictus Energy managing director Scott Macmillan said they hoped to get better results from deeper drilling.
Report says the sample also showed a consistent high-quality natural gas composition containing low amounts of carbon dioxide and helium gas.
Meanwhile, the discovery of oil and gas is vital for Zimbabwe having channelled resources into the mining sector in the recent past to boost its economic growth.
