Eni has signed an exploration contract with Côte d’Ivoire’s Ministry of Mines, Petroleum and Renewable Energies for the CI-707 offshore block in the Abidjan basin, the company announced on Wednesday.
Eni has completed the sale of a 30% stake in the Baleine project in Côte d’Ivoire to global commodity trader Vitol, the companies announced on Thursday.
Recent discoveries fan the flames of African country’s hopes for triple oil production boost by 2027
While the search for hydrocarbons has been ongoing in certain parts of Africa for decades with varying degrees of success, a slew of new oil and gas discoveries has pushed the continent to the forefront of global exploration hotspots. Given its string of recent discoveries, one of the countries in West Africa, Cote d’Ivoire, is forecasting a threefold boost in its oil output over the next three years.
APA-Abidjan (Côte d’Ivoire) The Ivorian Ministry of Mines, Petroleum and Energy is denouncing a failure to comply with local content requirements.