Eni Approved to Start Work in Ivory Coast Oil and Gas Field
June 09 2023 - 10:33AM
Dow Jones News
By Emmanuel Tumanjong
Special to Dow Jones Newswires
Italian company Eni has authorization to start works in the
Ivory Coast Baleine--or Whale--oil and gas field in the second half
of the year, according to a government statement read on state-run
Radio Television Ivoirienne on Friday.
Work should start with the drilling of eight wells and the first
production is expected by the end of February 2025, it said.
The authorisation gives the joint venture between ENI and Ivory
Coast's state-run partner Petroci Holding xclusive rights to
develop of the Whale Oil and Gas Field in block CI-802, which is an
extension to the deposit in block CI-101, which ENI discovered in
August 2021 Amadou Coulibaly, government Minister and spokesman,
said.
This discovery increased the initial reserve estimates for the
deposits by 25% for crude oil, from 2 billion barrels to 2.5
billion barrels, and by 38% for natural gas, from 2,400 billion
cubic feet to 3,300 billion cubic feet, Coulibaly said.
Write to Barcelona Editors at barcelonaeditors@dowjones.com
(END) Dow Jones Newswires
June 09, 2023 11:18 ET (15:18 GMT)
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