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Italy’s Eni said on Monday that it and partners Petroci and Vitol have approved the final investment decision for the third phase of the Baleine project in Ivory Coast. The move marks a new stage in the development of the country’s largest hydrocarbon discovery.
Phase 3 will sharply expand production, with oil output set to rise to 150,000 barrels per day from 60,000 and gas output to increase to 200 million cubic feet per day from 80 million. Eni said the project will also include a new floating production, storage and offloading unit.
The company said all gas produced under the project will be sent to the domestic market. That is expected to support Ivory Coast’s energy needs, improve power generation and aid industrial development.
Eni has operated in Ivory Coast since 2015, when it made the Baleine and Calao discoveries. The third phase is expected to come online in 32 to 36 months at a total cost of $4 billion, according to the company.
The project adds to Ivory Coast’s growing role in West Africa’s upstream energy sector. It also shows how companies are pairing export-oriented oil development with domestic gas supply in a region still seeking reliable power.
