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Eni and its partners approve FID for the Baleine Phase 3

The project includes the development of a new floating production, storage and offloading (FPSO) unit.

Eni and its partners approve FID for the Baleine Phase 3

Source: © karlstury / Фотобанк Фотодженика

Moscow, May 26 Neftegaz.RU. Eni and its partners Petroci and Vitol approved the final investment decision (FID) for the Baleine Phase 3 project.

The full-field Phase 3 development will increase oil production from 60,000 to 150,000 barrels per day and gas output from 80 to 200 million cubic feet per day.

«Baleine is a testament to Eni’s exploration and production model, built on excellence in exploration activities, the ability to develop projects through a fast-track and phased approach, and a consistent commitment to sustainability, in continuous dialogue with the host country. This project reflects our commitment to strengthening energy security, supporting local economic development and advancing a lower-carbon energy future», said Claudio Descalzi, Chief Executive Officer of Eni.

The project includes the development of a new floating production, storage and offloading (FPSO) unit, designed to ensure high standards of operational efficiency and safety and lower environmental impact. It builds on the phased and fast-track development model already implemented in Baleine’s first two phases, enabling early production while optimising costs and leveraging existing infrastructure.

All gas produced will be allocated to the domestic market, contributing to Côte d’Ivoire’s energy needs, expanding electricity generation and supporting the country’s industrial development.

Baleine project

  • Eni’s first field and largest asset in the country, as well as the first zero-emission field in Africa;
  • it is located in Blocks CI-101 and CI-802;
  • proven reserves are estimated at 2 billion barrels of oil and 68 billion cubic meters of associated petroleum gas (APG).

The field was discovered in September 2021 in Block CI-101 by the Baleine-1x exploration well. The final investment decision (FID) for the project was made in December 2022, and production began in 2023.

Production in the first phase began in August 2023 using the FPSO Baleine, which underwent repairs and upgrades, resulting in a capacity of 15,000 barrels of oil per day and approximately 0.7 million cubic meters of associated petroleum gas (APG) per day.

Production in the second phase began in late December 2024 using the FPSO Petrojarl Kong.

The ownership stakes in the Baleine project are distributed among the companies as follows:

  • Eni holds 47.25%;
  • Vitol acquired 30%;
  • Petroci holds 22.75%.

Vitol joined the project in September of last year.

Eni in Côte d’Ivoire

Eni has been operating in Côte d’Ivoire since 2015 and is developing 10 blocks in the deepwater areas of the shelf (CI-101, CI-205, CI-401, CI-501, CI-801, CI-802, CI-504, CI-526, CI-706, and CI-708) in partnership with Petroci Holding. The company’s largest project in the country is Baleine, located in blocks CI-101 and CI-802. In March 2024, Eni discovered another major hydrocarbon field off the coast of Côte d’Ivoire –Calao in block CI-205.


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