Overview of the Baleine Field Phase 3 Project
Eni, in collaboration with Vitol, is accelerating its joint venture expansion in Ivory Coast, with a focus on the Baleine Field Phase 3 project. The final investment decision (FID) for this ambitious undertaking was approved on May 25, 2026. This expansion aims to significantly enhance the hydrocarbon output of the Baleine field, making it the largest development of its kind in the country.
Production Targets and Stakeholders
The Baleine Field Phase 3 project is set to increase oil production from 60,000 barrels per day to an impressive 150,000 barrels per day. Additionally, natural gas output will rise from 80 million cubic feet per day to 200 million. Eni holds a 37.25% stake in this project, with partners including Vitol at 30%, state-owned Petroci at 22.75%, and Azerbaijan’s SOCAR holding the remaining 10%.
Domestic Focus and Future Developments
One of the core objectives of the Baleine field expansion is to ensure that all gas produced contributes to the IVorian domestic market. This strategy aims to enhance power generation and support the country’s industrial development. Eni’s commitment to fast-tracking this project is evidenced by the quick timeline from discovery to first production, which began in August 2023. Furthermore, Eni is also advancing work on the nearby Calo discovery, contingent on the progress of the Baleine field.
You might also like:
- Deal reached to total strike at greatest US commuter railroad – Yahoo News Recent Zealand
- Understanding LTC to NAY: A Comprehensive Guide
- Taylor Swift’s Album ‘The Life of a Showgirl’ Continues to Break Streaming Records Pre-Release
- Water Bears’ Immense Survival Abilities Give Up Secrets
- Trump’s Mission Not doubtless for Allies: Reopening the Strait of Hormuz
