{"id":35645,"date":"2026-05-27T17:23:17","date_gmt":"2026-05-27T15:23:17","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=35645"},"modified":"2026-05-27T17:23:17","modified_gmt":"2026-05-27T15:23:17","slug":"invictus-energy-signs-zimbabwe-gas-deal-for-its-cabora-bassa-gas-project","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/invictus-energy-signs-zimbabwe-gas-deal-for-its-cabora-bassa-gas-project\/","title":{"rendered":"Invictus Energy signs Zimbabwe gas deal for its Cabora Bassa gas project"},"content":{"rendered":"<p>Australia&#8217;s Invictus Energy signed a petroleum production sharing agreement (PPSA) with Zimbabwe this Wednesday, a key step as it looks \u200cto advance its Cabora Bassa gas project, company executives said.<\/p>\n<p>&nbsp;<\/p>\n<p>At the signing ceremony in Harare, Invictus Chief Executive Officer Scott Macmillan said the PPSA would be a hybrid model which meant the \u2060state could choose between taking a portion of the profits or a portion of the gas eventually produced.<\/p>\n<p>&nbsp;<\/p>\n<p>Zimbabwe, represented by several cabinet Ministers including the Finance Minister, signed the agreement with Geo Associates, a majority-owned unit of Invictus Energy.<\/p>\n<p>&nbsp;<\/p>\n<p>Invictus is preparing to drill its next Musuma-1 exploration \u200cwell \u2060in the second half of 2026, targeting 1.2 trillion cubic feet of gas and 73 million barrels of condensate resource, the company said previously.<\/p>\n<p>&nbsp;<\/p>\n<p>In 2023, \u2060Invictus declared large gas condensate discoveries at its Mukuyu gas field, potentially opening up a new inland oil \u2060and gas frontier in Zimbabwe.<\/p>\n<p>&nbsp;<\/p>\n<p>Welcoming the PPSA, Zimbabwe&#8217;s Finance Minister, Mthuli Ncube, said the agreement \u2060was proof the Southern African country is determined to unlock its natural resources for future generations.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&#8211;Reuters&#8211;<\/p>\n","protected":false},"featured_media":26978,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-35645","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Australia's Invictus Energy signed a petroleum production sharing agreement with Zimbabwe","published_date":"2026-05-27 17:21:52","news_description":"Australia's Invictus Energy signed a petroleum production sharing agreement with Zimbabwe","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/35645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/35645\/revisions"}],"predecessor-version":[{"id":35646,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/35645\/revisions\/35646"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/26978"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=35645"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=35645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}