Italy’s Eni starts oil and gas production off Ivory Coast

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.

Elevate your business with QU4TRO PRO!

Gain access to comprehensive analysis, in-depth reports and market trends.

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.

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

Arctic oil extraction accelerates as Norway’s Johan Castberg nears startup

The vessel designated to exploit Norway’s newest oil field is undergoing final inspections before embarking on its journey to the Barents Sea, marking the next phase in Norway’s efforts to extract more resources from the Arctic. The anticipated startup of the Johan Castberg development later this…

Iron ore prices rise as Chinese steel mills defy seasonal slowdown

Iron ore prices have climbed this week as Chinese steel mills ramp up production, defying the typical seasonal slowdown in output. Data from the China Iron and Steel Association show average crude steel production in the first 20 days of November reached its highest level for this period since 2020. This increase has…

Brazil’s Vale to study construction of low-carbon iron ore facility at Rio port

Mining giant Vale and Brazil’s leading commercial port, Acu, have joined forces to explore the potential construction of a facility in Rio de Janeiro state dedicated to producing low-carbon iron ore products. This collaboration follows Vale’s recent efforts to establish a hot briquette iron (HBI) plant.

Stay informed

error: Content is protected !!