Ivory Coast Gets Profile Boost as Eni Discovers More Oil and Gas
- Another Baleine find increases reserves in the area by 25%
- Lack of big discoveries had hampered efforts to draw investors
Photographer: Kristian Helgesen/Bloomberg
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Eni SpA made a second oil and gas discovery offshore Ivory Coast in less than a year, raising the country’s profile as a producer and increasing by about 25% the fossil fuel resources found in the area.
The Baleine field now holds an estimated 2.5 billion barrels of oil and 3.3 trillion cubic feet of associated gas following the drilling of an exploration well in block CI-802, the Italian energy major said in a statement.