The company said in a statement that analysis of samples from its remote sites near the border with Mozambique confirmed the presence of “light oil, gas condensate and helium”.
According to the company, the result “conclusively proves the presence of hydrocarbons” in one of the wells.
The company said the analyzed samples “show a consistent, high-quality composition of natural gas, and show a low inert content of less than” one percent carbon dioxide.
The discovery comes 30 years after US oil giant Exxon Mobil dropped its bid to secure crude oil in the region.
This discovery could lead to the first gas production in Zimbabwe and help improve the energy supply of a country suffering from a severe electricity shortage.
Zimbabwe experiences severe power cuts of up to 19 hours a day.
Invictus Energy signed an exploration, development and production agreement with Zimbabwe in 2018.
The company plans to build a gas-to-power facility to supply the national grid.
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