Locals roped into oil project
to save the country hundreds of millions of the elusive foreign currency, which is currently being lost through importing liquefied petroleum gas from South Africa.
Mr Chimbodza said One Gas Resources is already putting in place all structures to be able to optimally exploit all available opportunities when the Muzarabani project materialises, adding that the consortium will benefit from his extensive knowledge of the mining industry.
Muzarabani resource potential
The Muzarabani oil project has high potential to produce 3,9 trillion cubic feet (tcf) of natural gas and 181 million barrels of conventional gas, Invictus Energy has confirmed.
A maiden resource estimate report released by Invictus this week said the Muzarabani project has net mean recoverable conventional potential of 680 million barrels of oil equivalent (boe), consisting of 3,9 tcf and 181 million barrels of condensate or conventional gas.
The report was completed by a leading petroleum consultancy firm, Netherland, Sewell and Associates.
The 3,9 tcf of natural gas can give the country 500 megawatts of power for 40 years, while 181 million barrels of conventional gas can give Zimbabwe enough fuel for the next 20 years at current consumption levels of 25 000 barrels per day.
Who is Paul Chimbodza?
The Geao Associates founder has over 25 years experience in mineral exploration and evaluation in Zimbabwe and the sub-saharan region and has worked on projects involving precious, base, industrial and energy minerals ( gold, platinum, chrome, coal, coal bed methane, tantalite, magnesite, manganese, iron ore, diamonds and emeralds, amongst others).
Mr Chimbodza has held executive positions in the sector, including general manager exploration — Metallon Gold, non executive director — Hwange Colliery Company, executive director — Falcon Gold.
He is a current member of the Zimbabwe Mining Affairs Board, Chamber of Mines of Zimbabwe’s executive committee and also sits on the boards of a number of public and private companies in Zimbabwe and abroad.