Invictus Energy (ASX:IVZ) said Zimbabwe's Environmental Management Agency renewed the environmental impact assessment for the special grant 4571 and exclusive prospecting orders 1848 and 1849 until March 2027, clearing the way for a drilling campaign at Musuma-1 exploration well at the Cabora Bassa project and appraisal of the Mukuyu gas field, according to a Friday Australian bourse filing.

The renewal concludes permitting requirements and allows the firm to undertake exploration activities in the field, including seismic acquisition, drilling, and well testing for the upcoming program.

A final "all party review" of the petroleum production sharing agreement was completed, and the execution of the agreement is scheduled for April, it added. This will help establish a legal and fiscal framework under which petroleum operations in Zimbabwe will be conducted.