Italian energy giant Eni and its partners Petroci and Vitol have approved the third development phase of the Baleine project in Côte d’Ivoire, the country’s largest hydrocarbon discovery. The expansion will more than double oil production to 150,000 barrels per day from the current 60,000, while gas output will rise to 200 million cubic feet per day from 80 million. A new floating production, storage, and offloading unit will be built to improve operational efficiency and minimize environmental impact. All gas generated will supply Côte d’Ivoire’s domestic market, supporting power generation and industrial growth. The third phase is expected to come online within 32 to 36 months and is projected to cost $4 billion.
Reuters