Lo­cals roped into oil project

The Sunday Mail (Zimbabwe) - - MO­TI­VA­TION -

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.

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