Italian oil and gas firm, Eni, has signed a petroleum exploration contract with the Ivorian Ministry of Mines, Petroleum and Energy for the CI-707 offshore block in Abidjan.
The oil giant will conduct exploration activities for a maximum duration of nine years.
According to the company, the exploration licence covers an area of approximately 2,926 square kilometres in the Ivorian sedimentary basin, at water depths ranging between 1,000 and 3,000 metres.
The newly licensed area is geologically continuous with the nearby CI-205 block, where Eni announced the discovery of Calao in March 2024.
This proximity presents a strategic opportunity for identifying similar geological structures, paving the way for potential synergistic developments in the future.
With this new licence, Eni further consolidates its presence in Côte d’Ivoire, where it has been operating since 2017, with current equity production exceeding 62,000 barrels of oil and 75 million cubic feet of gas per day. Production is expected to rise to 150,000 barrels of oil and 200 million cubic feet of gas per day with the start of Phase 3.
The company is now active in 10 offshore blocks in the country — CI-101, CI-205, CI-401, CI-501, CI-504, CI-526, CI-706, CI-708, CI-801, and CI-802 — in addition to the newly acquired CI-707 block.
Source: https://energynewsafrica.com
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