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

Argentina finds $1 billion investor for inactive potash mine

Authorities in Argentina’s Mendoza province have completed the selection process for a $1 billion investor to assist in the development of a potash mine, according to Governor Rodolfo Suarez. This marks a significant milestone for the Rio Colorado potash mine project, which had been shelved by Brazil’s Vale SA over a decade ago amid falling potash prices and a lack of tax concessions from the Argentine government.

Rio Tinto, First Quantum make JV agreement for Peru copper mine

Mining giants Rio Tinto and First Quantum Minerals have entered into a joint venture to develop the La Granja copper project in Peru. First Quantum has acquired a 55% stake in the project by paying $105 million to Rio Tinto and will be the operator. As part of the deal, First Quantum has committed to investing up to $546 million into the project, with a portion of the funds allocated to completing a feasibility study over the next two to three years. La Granja is considered one of the world’s largest undeveloped copper deposits, with significant potential for expansion.

Japanese firms studying Osaka green hydrogen project

Japan’s Mitsui & Co, Mitsui Chemicals, IHI Corp, and Kansai Electric Power Co have announced a joint study for establishing a hydrogen and ammonia supply chain in the Osaka coastal industrial zone. This initiative follows another recent announcement by Eneos and Osaka Gas regarding the construction of a large e-methane facility based on green hydrogen in the Osaka Bay area.

Stay informed

error: Content is protected !!