Pressdia Ad

Italian Oil Giant Eni Discovers Major Gas Reserves Offshore Ivory Coast

Italian energy company Eni has announced a significant natural gas and condensate discovery off the coast of Ivory Coast, marking the second‑largest hydrocarbon find in the country’s history, according to Reuters.

The discovery, named Calao South, was made at the Murene South‑1X exploration well in offshore Block CI‑501, operated by Eni with a 90 % stake alongside state-owned Petroci Holding. Preliminary estimates indicate the find contains up to three trillion cubic feet of natural gas and around 100 million barrels of condensate, highlighting the potential of the Calao channel complex as a major new energy province.

The discovery is considered one of Ivory Coast’s most important hydrocarbon finds outside the established Baleine field, the country’s largest asset. Eni’s well encountered high-quality reservoir sands in deepwater, bolstering prospects for future development and commercial production.

Business Insider Africa says the discovery could significantly impact the country’s energy sector, supporting domestic power generation, industrial growth, and regional gas exports as the government seeks to expand local gas utilisation and attract further investment.

Eni has been operating in Ivory Coast since 2015 and maintains interests in multiple offshore blocks, reflecting its strategy to expand its footprint in West Africa’s deepwater hydrocarbon plays.

Pressdia Ad

Subscribe to Newsletter

Get the latest in luxury, business, and elite trends—subscribe now!

Pressdia Ad

Subscribe

Latest Posts

Porsche Turns to TCS in $1.46 Billion AI Partnership to Accelerate Digital Transformation

Porsche is deepening its push into artificial intelligence through a five...

Uganda’s Museveni Hosts Pastor Adeboye Ahead of Daughter’s Episcopal Consecration in Uganda

Ugandan President Yoweri Museveni and First Lady Janet Museveni have hosted...

New Zealand Moves to Restrict Social Media Access for Under 16s

New Zealand is joining the growing international push to restrict social...

Nigeria Advances $2 Billion Satellite Expansion to Boost Digital Connectivity

Nigeria is moving ahead with the acquisition and deployment of NIGCOMSAT...

Mo Abudu Takes EbonyLife Place Global With London Launch Set for October

Nigerian media entrepreneur Mo Abudu is taking the EbonyLife Place concept...

Meet Nora Awolowo The Filmmaker Turning Vision Into Box Office History

Oreoluwa Racheal Awolowo, popularly known as Nora Awolowo, is a Nigerian...

Bold Prints and Confident Femininity Define London’s Kai Collective

Founded in 2016 by Nigerian British entrepreneur Fisayo Longe, Kai Collective...

Clifftop Safari Luxury with Dramatic Views of Zululand — andBeyond Phinda Rock Lodge

Dramatically carved into a cliff face within andBeyond Phinda Private Game...

Related Posts

LEAVE A REPLY

Please enter your comment!
Please enter your name here