Oil discovery offshore Côte d’Ivoire could yield over a billion barrels


Last week, President Alassane Ouattara of Côte d’Ivoire and Eni CEO Claudio Descalzi have met in Abidjan to discuss the Italian company’s oil and gas operations, including a significant new discovery off the West African nation’s coast.

The Calao discovery, made by the exploration well Murene 1X in the deep waters of block CI-205, is estimated to hold between 1 and 1.5 billion barrels of oil equivalent, according to preliminary assessments. The well, drilled about 45 kilometers offshore, encountered light oil, gas, and condensates with good to excellent permeability.

The meeting in Abidjan, also attended by Prime Minister Robert Beugré Mambé and Energy Minister Mamadou Sangafowa-Coulibaly, discussed plans to appraise and develop the Calao discovery to meet domestic energy demands, Eni said in a company statement last Thursday.

Eni, which has been operating in Côte d’Ivoire since 2015, also holds interests in five other deep-water blocks in partnership with state-owned Petroci Holding.

The company’s current production in Côte d’Ivoire stands at a daily output of 22,000 barrels of oil equivalent from the Baleine field, which began production in August 2023.

The Baleine field, discovered in 2021, is the largest find in the country and has already started producing oil, with Phase 2 expected to come onstream later this year. This phase will ramp up production and contribute further to the country’s energy independence and economic growth.

The field’s development is part of Eni’s strategic exploration efforts in Côte d’Ivoire, which have now yielded two significant discoveries, positioning the nation as an emerging oil hub in West Africa.

 
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