The new acquisition strengthens Eni's exploration portfolio in the country, confirming the company's commitment to the region
Eni and the Ivorian Ministry of Mines, Petroleum and Energy signed the exploration contract for the CI-707 offshore block in Abidjan.
The licence covers an area of approx. 2,926 sq kms in the Ivorian sedimentary basin, at a water depth of between 1,000 and 3,000 metres. The planned exploration period has a maximum duration of 9 years.
The area covered by the new licence is geologically continuous with the nearby CI-205 block, where Eni announced the discovery of Calao in March 2024. This proximity offers a strategic opportunity for the identification of potential similar structures, paving the way for future synergistic developments.
With this new licence, Eni further consolidates its presence in Côte d'Ivoire, where it has been operating since 2017 with a current equity production of over 62,000 barrels of oil and more than 75 million cubic feet of gas per day, set to rise to 150,000 barrels of oil and 200 million cubic feet of gas with the start of phase 3. The company is active in 10 offshore blocks in the country – CI-101, CI-205, CI-401, CI-501, CI-504, CI-526, CI-706, CI-708, CI-801 and CI-802 – in addition to block CI-707.
Source: Eni
