Eni has received the approval of the Council of Ministers - Ivory Coast to initiate activities on four oil blocks in the region
Under the production-sharing agreements, an initial three-year exploration period is in the pipeline for blocks CI-504, CI-526, CI-706, and CI-708, requiring investments of a minimum US$80mn.
Ivory Coast is aiming to triple output by 2027, and position itself as a major regional oil and gas producer and energy hub. Supporting exploration activities in the region, Viridien (formerly CGG) has ensured the best possible results from legacy 3D seismic by deploying its latest proprietary imaging technologies and high-performance computing.
Baleine production
Eni, which has been in Ivory Coast since the 1960s through its subsidiary Agip Côte d’Ivoire, began oil production at the Baleine field last year. The field holds estimated reserves of 2.5 billion barrels of oil and 3.3 trillion cubic feet of natural gas.