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

Share:

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

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.

Backed by flagship projects linked to EACOP and the Tilenga and Kingfisher fields, Uganda aims to lead Africa in new oil storage additions, with a projected impact on its revenues and financial flows by 2030.
A study reveals that independent oil and gas producers supported over 3.1 million jobs and generated $129bn in taxes, representing 87% of the US upstream sector’s economic contributions.
GATE Energy has been appointed to deliver full commissioning services for bp’s Kaskida floating production unit, developed in partnership with Seatrium in the deepwater Gulf of Mexico.
A Syrian vessel carrying 640,000 barrels of crude has docked in Italy, marking the country’s first oil shipment since the civil war began in 2011, amid partial easing of US sanctions.
Canadian crude shipments from the Pacific Coast reached 13.7 million barrels in August, driven by a notable increase in deliveries to China and a drop in flows to the US Gulf Coast.
Faced with rising global electricity demand, energy sector leaders are backing an "all-of-the-above" strategy, with oil and gas still expected to supply 50% of global needs by 2050.
London has expanded its sanctions against Russia by blacklisting 70 new tankers, striking at the core of Moscow's energy exports and budget revenues.
Iraq is negotiating with Oman to build a pipeline linking Basrah to Omani shores to reduce its dependence on the Strait of Hormuz and stabilise crude exports to Asia.
French steel tube manufacturer Vallourec has secured a strategic agreement with Petrobras, covering complete offshore well solutions from 2026 to 2029.
Increased output from Opec+ and non-member producers is expected to create a global oil surplus as early as 2025, putting pressure on crude prices, according to the International Energy Agency.
The Brazilian company expands its African footprint with a new offshore exploration stake, partnering with Shell and Galp to develop São Tomé and Príncipe’s Block 4.
A drone attack on a Bachneft oil facility in Ufa sparked a fire with no casualties, temporarily disrupting activity at one of Russia’s largest refineries.
The divide between the United States and the European Union over regulations on Russian oil exports to India is causing a drop in scheduled deliveries, as negotiation margins tighten between buyers and sellers.
Against market expectations, US commercial crude reserves surged due to a sharp drop in exports, only slightly affecting international prices.
Russia plans to ship 2.1 million barrels per day from its western ports in September, revising exports upward amid lower domestic demand following drone attacks on key refineries.
QatarEnergy obtained a 35% stake in the Nzombo block, located in deep waters off Congo, under a production sharing contract signed with the Congolese government.
Phillips 66 acquires Cenovus Energy’s remaining 50% in WRB Refining, strengthening its US market position with two major sites totalling 495,000 barrels per day.
Nigeria’s two main oil unions have halted loadings at the Dangote refinery, contesting the rollout of a private logistics fleet that could reshape the sector’s balance.
Reconnaissance Energy Africa Ltd. enters Gabonese offshore with a strategic contract on the Ngulu block, expanding its portfolio with immediate production potential and long-term development opportunities.
BW Energy has finalised a $365mn financing for the conversion of the Maromba FPSO offshore Brazil and signed a short-term lease for a drilling rig with Minsheng Financial Leasing.

Log in to read this article

You'll also have access to a selection of our best content.