Nightdaytrader
9月前
ChillMine Partners with One Gas Resources to Deliver AI Workloads in Southern Africa
Source: www.gulfoilandgas.com 9/17/2025, Location: Africa
ChillMine Corporation, a U.S.-based data center developer specializing in AI-driven liquid cooling solutions, and One Gas Resources (Private) Limited, a Zimbabwean energy company, announced the signing of a landmark Memorandum of Understanding (MOU). This strategic partnership aims to develop a fleet of up to 10,000 MW of gas-powered data centers in Zimbabwe and Botswana, setting the stage for a new era of digital transformation in the region.
The collaboration follows a major investment in Invictus Energy Limited, the operator of the Cabora Bassa Gas Project, by Qatar's Al Mansour Holdings. The deal includes a commitment of up to US$500 million in conditional funding to bring the Cabora Bassa Project into commercial production, a critical step underpinning the viability of the ChillMine and One Gas partnership. One Gas Resources holds a 20% stake in the Cabora Bassa Project.
The MOU outlines a joint effort to develop data center campuses leveraging natural gas from Cabora Bassa as feedstock for Combined Cycle or Gas Engine Independent Power Producer (IPP) plants. Electricity will be supplied, at cost, to a series of liquid-cooled data center campuses with a planned total capacity of 10 GW. ChillMine specifically targets four 1,200-acre data center campuses, each with 2,500 MW capacity, designed for global hyperscalers and large-scale bitcoin mining operators.
"We are incredibly excited about this partnership with One Gas Resources," said Brian Neirby, Co-Founder and CEO of ChillMine. "The global demand for AI compute and high-performance data centers is at a critical point. By leveraging a high-quality gas resource to create a new energy grid, we can develop a sustainable, resilient, and scalable digital infrastructure that addresses the global energy deficit while meeting soaring compute demand."
The project will also support ChillMine’s commitment to invest $3.5–5 billion in a new “High Capacity–Generation Transmission Distribution Network” (HC-GTDN) for Zimbabwe, enabling 15 GW of new generation projects to serve both industrial and regional needs.
Paul Chimbodza, CEO of One Gas Resources, added: "This MOU is a testament to Zimbabwe’s energy potential and its ability to attract significant global investment. Our collaboration with ChillMine will position Zimbabwe as a major hub for energy and data centers, creating immense economic and social benefits for our nation and the Southern African region."
By 2035, the project is expected to significantly boost GDP contributions, increase export receipts from data center services and processed minerals, and establish Zimbabwe and Botswana as leading digital infrastructure markets in Africa.
ChillMine Partners with One Gas Resources to Deliver AI Workloads in Southern Africa - Software
Innovative Data Center Provider ChillMine Partners with One Gas Resources to Deliver AI Workloads in Southern Africa – CHILLMINE
Owler Reports - ONE Gas: ChillMine Partners with One Gas Resources to Deliver AI Workloads in Southern Africa
tdbowieknife
9月前
Invictus Managing Director Scott Macmillan commented:
'The strategic investment by Al Mansour Holdings and formation of Al Mansour Oil and Gas with the backing of His Highness Sheikh Mansour is a transformational milestone for Invictus. It significantly enhances the growth trajectory for our Cabora Bassa Project and opens the door to strategic upstream opportunities across the African continent. Through our role in AMOG and the strategic investment by AMH in Invictus, our shareholders will gain exposure to a diversified portfolio of development and producing assets, backed by world-class partners and capital strength.”
The announcement of the deal, per Upstream on August 27, drove Invictus' share price on the ASX by almost 150% on that day.
Some 'high-impact' asset transactions are at an advanced stage, with the first expected to complete before the end of the year noted Invictus, which is also listed on Zimbabwe's Victoria Falls Stock Exchange.
The Qatari firm has committed to investing about $24.7mn for Cabora Bassa's works programme including drilling a well on the acreage.
“We’re proud to launch Al Mansour Oil & Gas in partnership with Invictus Energy, a company that shares our vision for responsible and impactful energy development across the African continent,' said Mansour bin Jabor bin Jassim Al Thani.
“Our investment in Invictus and our new AMOG joint venture reflects our long-term commitment to Africa’s growth, energy security and economic transformation. Our goal with AMOG is to unlock the immense potential of Africa’s oil and gas sector in a way that benefits all stakeholders - host governments, communities and investors alike.'
https://www.marketscreener.com/news/zimbabwe-focussed-australian-firm-invictus-energy-seals-deal-with-qatar-s-al-mansour-holdings-ce7c50d2d88bf12d
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tdbowieknife
9月前
The implementation of the Muzarabani Oil and Gas project has intensified after the conclusion of the consolidated Production and Profit-Sharing Agreement between government and Invictus Energy.
This Tuesday, the cabinet announced that the consolidated Petroleum Production Sharing Agreement and Petroleum Exploration and Production Agreement for the Muzarabani Oil and Gas Project is now in place, adding that and the venture has since been granted National Project Status.
The development has been welcomed by the contractor, who has been granted the right to exploit oil and gas resources in Zimbabwe.
“We are now progressing with our next activity in the field, which will be the drilling of the Masomo One well that is targeting a gas prospect in the east on trend with the Mukuyu gas discovery that we made in the back end of 2023. We are looking to unlock some additional resources. We are preparing to commence drilling and we have ordered a number of long leads for this programme,” Invictus Energy’s Managing Director, Scott MacMillan said.
The conclusion of the Production and Profit-Sharing Agreement is expected to come with mutual benefits for Zimbabwe and the investor.
Exploration conducted by Geo-Associates in collaboration with Invictus Energy has confirmed the presence of Oil and Gas in the Muzarabani basin.
Since getting the approval to implement the exploration project in 2018, Invictus Energy has undertaken an aggressive programme, acquiring 1,400km of 2D seismic and drilling two wildcat wells resulting in the Mukuyu gas-condensate discovery in late 2023.
https://1stafrika.com/2025/08/27/muzarabani-oil-and-gas-project-implementation-intensifies-after-govt-invictus-agreement/
And... Yeah... We were getting very tired of waiting.
https://miningzimbabwe.com/petroleum-sharing-agreement-for-muzarabani-oil-and-gas-project-now-in-place/
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tdbowieknife
1年前
December 18, 2024... Letter from the Managing Director
https://www.invictusenergy.com/letter-from-the-md/
We were extremely pleased to announce the final independent review of the Petroleum Production Sharing Agreement (PPSA) was completed last month, with execution expected imminently.
The PPSA is designed to ensure equitable sharing of value generated from the Cabora Bassa Project and will also provide a robust governing framework for Zimbabwe’s oil and gas sector.
The review, completed by external European legal counsel, is a major milestone for the Company and is now fast approaching completion.
Once executed, the PPSA will ensure the long-term success of the Cabora Bassa Project, which has potential to address the region’s growing demand for a reliable energy source.
Notably, the Mutapa Investment Fund – which committed to underwriting US$5 million of a US$10 million capital raise earlier in 2024 – has been assigned the beneficiary of the PPSA product/profit share arrangement and equity holder, on behalf of the Republic of Zimbabwe.
The Company’s transition from explorer to developer continues to progress and Invictus has achieved significant exploration success this year.
In September we announced eight new high potential prospects had been defined in the eastern Cabora Bassa Basin totalling an estimated 2.9 trillion cubic feet (Tcf) gas and 184 million barrels of condensate.
This was a huge milestone for the Invictus team and highlights significant further potential of the project, in addition to the significant Mukuyu Gas Field discovered in late 2023.
In 2025, our exploration focus will turn to the Musuma prospect to test the Dande play in eastern Cabora Bassa. This prospect has interpreted seismic amplitude support and is estimated to have a recoverable prospective resource of more than 1 Tcf and 73 million barrels of condensate.
Additionally, we plan to complete 3D seismic and further appraisal drilling at the Mukuyu Gas Field to determine future development well locations and commence the planned pilot project to provide gas to power for the nearby Eureka Gold Mine. I look forward to providing further updates once the sequencing and timing of the program is confirmed.
We continue to discuss strategic partnerships and farm-out options with a range of stakeholders that have the potential to provide both the capital and expertise to support further exploration and development of the Cabora Bassa Project.
From a corporate perspective, the successful US$10 million Institutional Placement completed in August provided us with the necessary funds to progress exploration activities and expand our resource base.
The support we received from a range of strategic institutional investors, particularly the Republic of Zimbabwe’s Mutapa Investment Fund, is testament to the quality of the Cabora Bassa Project and reinforces the Government’s confidence in its potential to deliver significant strategic value to the region.
Listing on the Victoria Falls Security Exchange (VFEX) as part of the placement is enabling greater domestic investment in the Company.
Last month I was fortunate to attend the AEC African Energy Week in Cape Town where I was invited to participate in a panel discussion on the vital role gas will play in Africa’s future.
It was great to join likeminded industry leaders and share the journey of our Cabora Bassa Project, outlining how Invictus is set to unlock one of the last frontier basins in onshore Africa, with the potential to drive long-term benefits across communities and industry.
While there are too many people to acknowledge for the work put in behind the scenes over recent months to progress the Cabora Bassa Project, I’ve been humbled by the enormous amount of growing interest in and support for Invictus.
We are on the cusp of something special, not only in terms of delivering a long-term, high value natural resource development project, but helping overcome critical energy issues that have been crippling at regional scale for many years.
I thank our shareholders for their patience and commitment, and look forward to providing more operational and corporate updates as they take shape in 2025.
https://www.invictusenergy.com/letter-from-the-md/
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tdbowieknife
2年前
Invictus plans further drilling for oil, gas...
Harare – Australian energy firm Invictus Energy is set to expand its exploration and drilling activities in northern Zimbabwe, targeting the Musuma area in the Cabora Bassa Basin.
Following last year’s discovery of vast natural gas and oil reserves in Mbire, Mashonaland Central Province, the company has identified Musuma as a high-potential site for further exploration in 2025.
According to Invictus Energy’s latest quarterly report ending September 30, 2024, the Musuma prospect has emerged as a key candidate for the upcoming drilling campaign. “The Musuma prospect has interpreted seismic amplitude support and is estimated to hold a recoverable prospective resource of 1,170 billion cubic feet (Bcf) of gas and 73 million barrels of condensate,” the report stated. The Exalo 202 rig remains at the Mukuyu-2 site and will be mobilised to Musuma for drilling next year.
Expanding Exploration in the Cabora Bassa Basin
The Mukuyu-2 well, located just seven kilometres from the initial Mukuyu-1 site, was successfully drilled and confirmed as a major gas and oil discovery. Mukuyu-1, which initially encountered technical difficulties, was ultimately declared a success after data from both wells were evaluated, underscoring the potential of the Mukuyu fields in Mbire district.
Invictus Energy also holds exploration blocks in Muzarabani, a region near the Mukuyu sites, with additional potential for gas condensate – a type of light oil. The Zimbabwean government recently extended Invictus’s exploration licence for the Cabora Bassa region, enabling further exploration activities through to June 2027. A comprehensive work programme, including advanced 3D seismic acquisition and additional drilling, is planned for this period.
Progress on Petroleum Production and Power Generation Plans
A major milestone in Invictus’s project is the pending Petroleum Production Sharing Agreement (PPSA) with the Zimbabwean government, which guarantees a 40 percent share of hydrocarbon profits for the state. The company has also finalised plans for well testing of Mukuyu-2 and 3D seismic mapping to refine resource evaluations in preparation for a gas-to-power pilot project.
In April, Invictus signed a Memorandum of Understanding with Dallaglio Investments and Himoinsa Southern Africa to establish a gas-to-power project supplying electricity to the Eureka Gold Mine. This initiative aims to fast-track commercialisation of the Mukuyu resources and address Zimbabwe’s ongoing power shortages, which reach a peak demand of 2,200 MW, especially during winter. Zimbabwe currently relies on electricity imports, leading to frequent outages that disrupt commercial and residential areas.
Further, Invictus has expanded its agreement with Mbuyu Energy to develop a 500MW gas-to-power project, which could eventually scale up to generate 1,000 MW. An estimated 1.4 trillion cubic feet of natural gas will be needed to sustain this capacity, potentially easing Zimbabwe’s reliance on imported power and supporting the integration of renewable energy into the national grid.
Regional and Global Impact of Mukuyu Gas Discovery
Invictus’s Mukuyu field discovery, spanning over 200 square kilometres, is poised to be a significant contributor to Africa’s energy reserves. Global research firm Wood Mackenzie recently classified the Mukuyu field as Africa’s second-largest petroleum reserve, following two major gas finds in the Upper and Lower Angwa geological reservoirs. The Mukuyu resource is estimated to contain up to 20 trillion cubic feet of gas and 845 million barrels of condensate, positioning Zimbabwe as a key player in the African energy sector.
The successful commercialisation of these resources could propel Zimbabwe’s economy, creating thousands of jobs, boosting export revenues, and enhancing government income. The planned Mukuyu gas-to-power projects also have the potential to provide substantial power generation capacity to the Southern African Power Pool, helping address regional electricity shortages and facilitating broader economic stability.
Towards Energy Security and Economic Growth
With Invictus’s exploration underway, Zimbabwe is moving closer to achieving energy security, potentially reducing power outages and supporting new downstream industries. As Minister of Finance, Economic Development, and Investment Promotion Professor Mthuli Ncube noted, “These advancements in energy will underpin Zimbabwe’s structural transformation, as reliable energy is crucial for our country’s economic development and resilience.”
As Invictus continues its ambitious plans in the Cabora Bassa Basin, Zimbabwe’s energy landscape stands on the brink of transformation. The Musuma drilling campaign and continued evaluation of Mukuyu’s resources signal promising developments for the country’s energy independence, economic growth, and industrial expansion, setting the stage for Zimbabwe’s emergence as a significant energy producer on the African continent.
https://www.thezimbabwemail.com/business/invictus-plans-further-drilling-for-oil-gas/
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trader_ron
2年前
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