Invictus Energy signs Zimbabwe gas deal for Cabora Bassa project

Invictus Energy has signed a petroleum production sharing agreement with Zimbabwe for its Cabora Bassa gas project, marking a significant step forward for the long-running development in northern Zimbabwe.

Reuters reported that the agreement was signed in Harare on May 27, 2026, at a ceremony attended by Zimbabwe government ministers. The deal moves the project from negotiation into an execution phase after a prolonged commercial and regulatory process.

The company has described Cabora Bassa as part of its transition from explorer to developer, and its website said it had been progressing the PPSA with the Republic of Zimbabwe before the signing was confirmed. A local report the day before said the agreement was scheduled to be signed in Harare on Wednesday.

Reuters said Invictus is now preparing to drill the Musuma-1 exploration well in the second half of 2026. The signing gives the company a clearer path to advance work on the project, which it says is in northern Zimbabwe.

The agreement is an important milestone for Invictus, which has been seeking to unlock the commercial potential of Cabora Bassa for several years. Further details on the final terms and commercial implications may come in a company announcement or from the Zimbabwe government.