1st oil discovery in Côte d’Ivoire in 20 years

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Eni has just announced the discovery of oil in Block CI-101, offshore Côte d’Ivoire, which it shares with Petroci Holding.
This is good news for both the company and the country, which has been without a new discovery for 20 years.

Eni discovers the Whale-1x well

The global energy giant has just discovered an oil well, drilled on the Baleine prospect.
The company operated with the support of the Ivorian government. Baleine-1x discovered light oil (40° API) at two different stratigraphic levels.
The well was drilled some 60 kilometers off the coast, at a water depth of around 1,200 meters.
Using the Saipem 10000 drillship, the well reached a total depth of 3445 meters in 30 days.

An estimated potential of between 1.5 and 2 billion barrels of oil

Eni holds 90% of Block CI-101 in the exploration phase, with the remainder belonging to Petroci Holding.
To assess the significant upside potential of the overall structure extending into Block CI-802, the firms will carry out an appraisal program.
It should be noted that the second block in question is operated by the same companies, with the same interests.
The Baleine-1x well was located on the basis of a comprehensive analysis of a wide range of 3D seismic data and regional studies in the Côte d’Ivoire sedimentary basin.
The application of state-of-the-art technology, including smart wireline formation testing and fluid sampling, proved the presence of light oil-bearing intervals of Santonian and Cenomanian/Albian age.
In parallel with the appraisal program, Eni and Petroci Holding will also initiate studies for an accelerated development of the Baleine discovery.
The potential of the discovery can be preliminarily estimated at between 1.5 and 2 billion barrels of oil in place and between 1.8 and 2.4 trillion cubic feet (TCF) of associated gas.

The energy leader awaits the news

Baleine-1x is the first exploration well drilled by Eni in Côte d’Ivoire.
However, Eni has interests in four other blocks in Côte d’Ivoire’s deep waters: CI-205, CI-501, CI-504 and CI-802.
All with the same partner Petroci Holding.
Industrial exploration in the country’s deep waters had gone more than 20 years without a commercial discovery.
This, since the last hydrocarbon discovery in 2001.
Now, the Baleine-1x well in Block CI-101 has successfully tested a new concept of play in the sedimentary basin of Côte d’Ivoire.

The United Kingdom is replacing its exceptional tax with a permanent price mechanism, maintaining one of the world’s highest fiscal pressures and reshaping the North Sea’s investment attractiveness for oil and gas operators.
Pakistan confirms its exit from domestic fuel oil with over 1.4 Mt exported in 2025, transforming its refineries into export platforms as Asia faces a structural surplus of high- and low-sulphur fuel oil.
The Caspian Pipeline Consortium resumed loadings in Novorossiisk after a Ukrainian attack, but geopolitical tensions persist over Kazakh oil flows through this strategic Black Sea corridor.
Hungary increases oil product exports to Serbia to offset the imminent shutdown of the NIS refinery, threatened by US sanctions over its Russian majority ownership.
Faced with falling oil production, Pemex is expanding local refining through Olmeca, aiming to reduce fuel imports and optimise its industrial capacity under fiscal pressure.
Brazil’s state oil company will reduce its capital spending by 2%, hit by falling crude prices, marking a strategic shift under Lula’s presidency.
TotalEnergies has finalised the sale of its 12.5% stake in Nigeria’s offshore Bonga oilfield for $510mn, boosting Shell and Eni’s positions in the strategic deepwater production site.
Serbia is preparing a budget law amendment to enable the takeover of NIS, a refinery under US sanctions and owned by Russian groups, to avoid an imminent energy shutdown.
Nigeria’s Dangote refinery selects US-based Honeywell to supply technology that will double its crude processing capacity and expand its petrochemical output.
Iraq secures production by bypassing US sanctions through local payments, energy-for-energy swaps, and targeted suspension of financial flows to Lukoil to protect West Qurna-2 exports.
Restarting Olympic Pipeline’s 16-inch line does not restore full supply to Oregon and Seattle-Tacoma airport, both still exposed to logistical risks and regional price tensions.
Faced with tightened sanctions from the United States and European Union, Indian refiners are drastically reducing their purchases of Russian crude from December, according to industry sources.
Serbia’s only refinery, operated by NIS, may be forced to halt production this week, weakened by US sanctions targeting its Russian shareholders.
Glencore's attributable production in Cameroon dropped by 31% over nine months, adding pressure on public revenues as Yaoundé revises its oil and budget forecasts amid field maturity and targeted investment shifts.
The profitability of speculative positioning strategies on Brent is declining, while contrarian approaches targeting extreme sentiment levels are proving more effective, marking a significant regime shift in oil trading.
Alaska is set to record its highest oil production increase in 40 years, driven by two key projects that extend the operational life of the TAPS pipeline and reinforce the United States' strategic presence in the Arctic.
TotalEnergies increases its stake to 90% in Nigeria’s offshore block OPL257 following an asset exchange deal with Conoil Producing Limited.
TotalEnergies and Chevron are seeking to acquire a 40% stake in the Mopane oil field in Namibia, owned by Galp, as part of a strategy to secure new resources in a high-potential offshore basin.
The reduction of Rosneft’s stake in Kurdistan Pipeline Company shifts control of the main Kurdish oil pipeline and recalibrates the balance between US sanctions, export financing and regional crude governance.
Russian group Lukoil seeks to sell its assets in Bulgaria after the state placed its refinery under special administration, amid heightened US sanctions against the Russian oil industry.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.