Eni and Partners Greenlight Phase 3 of Major Baleine Oil Project in Ivory Coast
Key Developments in the Baleine Oil Project
Final Investment Decision and Project Overview
MILAN, May 25 (Reuters) - Italy's Eni said on Monday it and partners Petroci and Vitol have approved the final investment decision for the third phase of the Baleine project in Ivory Coast, marking a new stage in development of the country's largest hydrocarbon discovery.
Production Expansion Plans
• Phase 3 will significantly expand output, with oil production set to rise to 150,000 barrels per day from 60,000 and gas output increasing to 200 million cubic feet per day from 80 million, the company said.
Infrastructure and Environmental Initiatives
• The development includes the construction of a new floating production, storage and offloading (FPSO) unit aimed at ensuring high operational efficiency, safety standards and reduced environmental impact.
Domestic Market and Economic Impact
• Eni said 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.
Eni's Presence in Ivory Coast
• Eni has been present in the African country since 2015, where it made the Baleine and Calao discoveries.
(Reporting by Francesca Landini; Editing by David Holmes)
