Italy’s Eni starts oil and gas production off Ivory Coast
- August 29, 2023
- Posted by: Quatro Strategies
- Categories: Africa, Oil & Gas
Eni, an Italian energy group, has started oil and gas production at the Baleine field located in deep waters off the coast of Ivory Coast. This confirms a previous announcement made by the Ivorian energy ministry. Eni’s subsidiary, Agip Côte d’Ivoire, has been present in the African country since the 1960s and discovered the field in September 2021.
Eni CEO Claudio Descalzi stated that the first oil from Baleine is a significant milestone for the company. They have achieved an industry-leading time-to-market of less than two years from the declaration of commercial discovery.
During the initial phase, production will occur through a production storage and offloading vessel that can handle up to 15,000 bbl/d of oil and around 25 Mscf/d of associated gas. The second phase is expected to begin by the end of 2024 and will increase field production to 50,000 bbl/d of oil and approximately 70 Mscf/d of associated gas. The third development phase aims to increase field production to 150,000 bbl/d of oil and 200 Mscf/d of gas.
In Ivory Coast, Eni holds interests in the CI-101 and CI-802 blocks, where the Baleine field extends, as well as in four other deep-water Ivorian blocks. Petroci Holding is a partner in all these blocks.
Interested in learning more?
Sign up for Top Insights Today
Top Insights Today delivers the latest insights straight to your inbox.
You will get daily industry insights on
Oil & Gas, Rare Earths & Commodities, Mining & Metals, EVs & Battery Technology, ESG & Renewable Energy, AI & Semiconductors, Aerospace & Defense, Sanctions & Regulation, Business & Politics.
Read more insights
Biden unveils tariff increases on Chinese EV batteries, chips, and more
President Joe Biden unveiled a series of significant tariff increases on various Chinese imports, including electric vehicle (EV) batteries, computer chips, and medical products. These measures aim to address concerns about unfair competition and intellectual property theft while signaling a tough stance…
Algeria’s Sonatrach looking to store carbon by planting 420 million trees
The Algerian Minister of Energy and Mines, Mohamed Arkab, has announced a significant carbon storage project planned by the Algerian state energy company, Sonatrach. The project aims to plant approximately 420 million trees over the course of 10 years, with an estimated…
China’s top solar firms post steep losses as U.S. tariffs bite
China’s major solar panel manufacturers are facing mounting financial pressure, reporting steep first-quarter losses as the U.S. trade war led by President Donald Trump intensifies and global demand remains weak.
Top firms including Longi Green Energy and JinkoSolar each posted net losses of 1.4 billion yuan ($193 million) for the quarter, while JA Solar and Trina Solar reported losses of 1.6 billion yuan and 1.3 billion yuan, respectively. Longi also confirmed a full-year loss of 8.6 billion yuan for 2024. The firms attributed the downturn to depressed global solar supply chain prices and the impact of new protectionist trade measures, especially from the United States.