Eni starts oil and gas production at Ivory Coast Baleine field
The first oil from Baleine is a milestone in Eni’s operations, with an industry-leading time-to-market of under two years
28 August 2023 - 13:33
byLoucoumane Coulibaly and Francesca Landini
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Abidjan/Milan — Italy’s Eni has begun oil and gas production at the giant Baleine field in deep waters offshore Ivory Coast, the energy group said on Monday, confirming a previous announcement by the Ivorian energy ministry.
The Italian energy group, whose presence in the African country dates back to the 1960s with its subsidiary Agip Côte d’Ivoire, discovered the field in September 2021.
“The first oil from Baleine is a milestone in Eni’s operations. Stemming from an extraordinary exploration success, we have achieved an industry-leading time-to-market of under two years from the declaration of commercial discovery,” Eni CEO Claudio Descalzi said.
For the initial phase, production will take place through a production storage and offloading vessel capable of handling up to 15,000 barrels of oil per day (bbl/d) and about 25-million standard cubic feet of associated gas per day (Mscf/d).
The start of the second phase is expected by the end of 2024 and will increase field production to 50,000 bbl/d of oil and about 70 Mscf/d of associated gas.
The third development phase aims to elevate field production up to 150,000 bbl/d of oil and 200 Mscf/d of gas, Eni said. In Ivory Coast Eni currently holds interests in the CI-101 and CI-802 blocks — where the Baleine field extends — as well as in four other deepwater Ivorian blocks, all with Petroci Holding as a partner.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Eni starts oil and gas production at Ivory Coast Baleine field
The first oil from Baleine is a milestone in Eni’s operations, with an industry-leading time-to-market of under two years
Abidjan/Milan — Italy’s Eni has begun oil and gas production at the giant Baleine field in deep waters offshore Ivory Coast, the energy group said on Monday, confirming a previous announcement by the Ivorian energy ministry.
The Italian energy group, whose presence in the African country dates back to the 1960s with its subsidiary Agip Côte d’Ivoire, discovered the field in September 2021.
“The first oil from Baleine is a milestone in Eni’s operations. Stemming from an extraordinary exploration success, we have achieved an industry-leading time-to-market of under two years from the declaration of commercial discovery,” Eni CEO Claudio Descalzi said.
For the initial phase, production will take place through a production storage and offloading vessel capable of handling up to 15,000 barrels of oil per day (bbl/d) and about 25-million standard cubic feet of associated gas per day (Mscf/d).
The start of the second phase is expected by the end of 2024 and will increase field production to 50,000 bbl/d of oil and about 70 Mscf/d of associated gas.
The third development phase aims to elevate field production up to 150,000 bbl/d of oil and 200 Mscf/d of gas, Eni said. In Ivory Coast Eni currently holds interests in the CI-101 and CI-802 blocks — where the Baleine field extends — as well as in four other deepwater Ivorian blocks, all with Petroci Holding as a partner.
Reuters
IMF says global fossil fuel subsidies have surged to $7-trillion
Brics ready to challenge West’s control of global trade, say analysts
Reforms are slow in Southern Africa, Fitch tracker shows
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Most Read
Related Articles
UK charges former Opec president with bribery
Sasol confident of merits of its appeal over pollution measure
Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.