President Emmerson Mnangagwa has officially announced oil and gas deposits discovery in Muzarabani, Mashonaland Central province, following a study carried out by an Australian company, Invictus Energy Limited.
In a televised address to the nation late afternoon today, President Mnangagwa said, government in the last few months worked with and facilitated Invictus, which is quoted on the Australian Stock Exchange, to undertake oil and gas exploration studies in Muzarabani.
He revealed that government has been advised by Invictus that the findings “are positive and point to oil and gas deposits in this area”, adding that Invictus and their partners will be making a statement to their shareholders through the Australian Stock Exchange in a few hours.
“Invictus is utilising data which was generated by Mobil Oil in the early 1990s when extensive oil and gas geophysical work was undertaken in the greater Muzarabani area.
“As part of its exploration studies, Invictus has engaged a number of world-wide professional companies with extensive experience in oil and gas,” said President Mnangagwa.
President Mnangagwa said the findings by Invictus are an exciting development for the country, adding that government will work closely with the firm.
“The govt of Zimbabwe will work very closely with Invictus to ensure that the Invictus realises its plans to sink an exploration well by mid-2020. After exploration well, the next stage will be commercial exploitation of the resource,” he said.
The President further highlighted that in the interim, additional geophysical work is on-going to identify further exploration targets, while updates will be given as and when the planned exploration work results come in.
He noted that, on its part, Invictus has committed itself to enter a production-sharing agreement will the government of Zimbabwe, which will be applicable when the project proceeds to commercial production stage.
Invictus Energy Limited is an independent oil and gas exploration Australian firm focused on high impact energy resources in sub-Saharan Africa.
The discovery of oil in Zimbabwe was prophesied by United Family International Church leader Emmanuel Makandiwa in 2015.
Although he did not name the place in his 2015 prophecy, Makandiwa said the discovery of the oil was going to end Zimbabwe’s economic problems.
Speaking at his church’s oversubscribed Judgment Night 3, attended by an estimated 200 000 people at the National Sports Stadium in August 2015, Makandiwa said: “I saw something happening here (in Zimbabwe) and I’m trying to see how it is going to be understood.
“By this you will know that if you have heard a joke before in the same area, this is not a joke.
“I’m seeing oil coming out of the grounds. Just in case you think I’m guessing, I will tell you the place no one knows about, so you know that in this nation there is a prophet of God.
“I was taken by the Spirit of the Lord and we did a survey. I saw in the Spirit our forefathers spending a lot of money looking for this precious oil that I have mentioned. But I saw them in the Spirit, I saw like a diversion.
‘‘I saw our fathers following a very big river, and from the skies I looked down, and I saw them looking for something here, looking for something there. But they were following a very big river.
“And the Lord said to me, ‘Are they going to find it? If they find it, is it enough for the problems that you have?’ And then I kept on looking and the Lord said to me, ‘They can continue, but let me take you to the place. I will take you to the place.’
‘‘When I was taken to the place, I saw the sons of the fathers mining in a different place. I saw a generation, maybe that’s not your generation, maybe it is the next generation, maybe it is our sons.
‘‘I saw them in a place and I saw oil coming out of that place. I was made to touch the ground and when I was lifted finally from the place, oil was all over my body. And the Lord said, ‘There is much of it in this place. But didn’t I see you there or your sons there?’ But I saw the place.
“As you are blowing those horns, I saw machines in that place, and these machines were very huge and they had pipes like an elephant going into the ground. And the machines were all over the place and the machines were very big with structures like elephants and they were sucking oil from the ground.”