Eni and Partners Approve New Development Phase for Ivory Coast Project

Eni and Partners Give Green Light to Third Phase of Baleine Project

Italian energy company Eni, together with partners Petroci and Vitol, has approved the final investment decision (FID) for the third phase of the Baleine project in Ivory Coast. This decision marks a new stage in the development of the country's largest hydrocarbon discovery.

Production Capacity to Increase Significantly

The third phase will boost oil production from 60,000 barrels per day to 150,000 barrels per day, and gas output from 80 million cubic feet per day to 200 million cubic feet per day. The development includes the construction of a new floating production, storage and offloading (FPSO) unit designed to ensure high operational efficiency, safety standards, and reduced environmental impact.

Gas Production to Be Directed to Domestic Market

Eni stated that all gas produced under the project will be directed to the domestic market, supporting Ivory Coast's energy needs, boosting power generation, and aiding industrial development. The company has been present in the African country since 2015, where it made the Baleine and Calao discoveries.

Project Cost and Timeline

The third phase is expected to be online in 32 to 36 months at a total cost of $4 billion.