[Côte d'Ivoire] Baleine Phase 2

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escveritas
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[Côte d'Ivoire] Baleine Phase 2

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Eni: FPSO Petrojarl Kong and FSO Yamoussoukro ready to leave for Côte d'Ivoire for phase 2 of Baleine project

San Donato Milanese (MI), July 24, 2024 - Eni announces that the naming ceremony of the Floating Production, Storage and Offloading Unit (FPSO) Petrojarl Kong and the Floating Storage and Offloading Unit (FSO) Yamoussoukro was held today in Dubai. The two vessels will significantly increase production from the Baleine field, located offshore Côte d'Ivoire, the largest discovery ever made in the country.

The ceremony was attended by Côte d'Ivoire's Minister of Petroleum, Mines and Energy Mamadou Sangafowa Coulibaly, Petroci CEO Fatoumata Sanogo, and Eni's Chief Operating Officer Natural Resources Guido Brusco.

With the christening of the vessels, phase 2 of the Baleine project is now in full swing, in line with the record timing of phase 1. After just 12 months on site in a challenging market environment, the refurbished units are preparing to set sail for the Ivory Coast, where they will be anchored about 50km from the coast, alongside the FPSO Baleine that entered operation in August 2023.

With the startup of Phase 2, scheduled for December 2024, total production from the Baleine field will rise to 60,000 barrels of oil per day and 70 million cubic feet of associated gas (equivalent to 2 million cubic meters of associated gas), significantly increasing current production.

The Baleine project strengthens Côte d'Ivoire's role in the regional and international energy market. In addition, through the adoption of cutting-edge technologies and industry-leading initiatives designed in collaboration with institutions and already underway, it will be the first net zero-emission Upstream (Scope 1 and 2) development on the African continent.

Eni has been operating in Côte d'Ivoire since 2015 where it has an equity production of about 22,000 barrels of oil equivalent per day and participates in six blocks in Ivorian deepwater: CI-101, CI-205, CI-401, CI-501, CI-801 and CI- 802, all with the same partner Petroci Holding. The company is active in the country with initiatives ranging from hydrocarbon production to vegetable oil production for biorefining, as well as projects to improve access to health, education and training, contributing to the country's economic, social and energy development.
escveritas
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Re: [Côte d'Ivoire] Baleine Phase 2

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Eni kicks off Baleine Phase 2, increasing production in the offshore of Côte d'Ivoire

San Donato Milanese (Milan), 28 December 2024 – Today, Eni successfully started production of Phase 2 from the Baleine field, marking a crucial step in the development of the Côte d'Ivoire’s offshore. Thanks to this milestone, production will reach 60,000 barrels of oil per day and 70 million cubic feet of associated gas (equivalent to 2 million cubic metres).

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Phase 2 will see the Floating Production, Storage and Offloading Unit (FPSO) Petrojarl Kong deployed alongside the Floating Storage and Offloading Unit (FSO) Yamoussoukro for the export of oil, while 100% of the processed gas will supply the local energy demand through the connection with the pipeline built during the project’s Phase 1. This achievement further consolidates Côte d'Ivoire's role as a producing country on the global energy scenario, strengthening access to energy on a national scale.

The rapid development of Baleine Phase 2 confirms Eni's excellent time-to-market, enhanced also by the renovation and reuse of the 2 units.

The Final Investment Decision for the project was taken in December 2022; Phase 1 was started in August 2023; in parallel, activities for Phase 2 had been carried and completed in full safety.

Baleine is the first net zero emission Upstream project (Scope 1 and 2) in Africa, made possible through the adoption of advanced technologies, which minimize the operations’ carbon footprint, and innovative initiatives developed in close collaboration with the Ivorian ministries. These include the improved cookstoves’ distribution program (i.g. clean cooking program), which leverages the local production and has already benefited over 575,000 people in vulnerable conditions, and the initiative to protect and restore 14 classified forests, both contributing to the project’s carbon neutrality. In addition, a wide range of initiatives in the areas of vocational training, education, health and economic diversification enrich Eni's collaboration with the country.

Eni has been present in Côte d'Ivoire since 2015 with a current equity production of around 22,000 barrels of oil equivalent per day. The company operates 10 blocks in the Ivorian deepwaters (CI-101, CI-205, CI-401, CI-501, CI-801, CI-802, CI-504, CI-526, CI-706 and CI-708) in partnership with Petroci Holding.

With the start-up of Baleine's Phase 2 and the development of Phase 3, currently under study, total production is set to reach 150,000 barrels of oil per day and 200 million cubic feet of associated gas, further consolidating Côte d'Ivoire's role as a regional energy hub and strengthening strategic collaboration with the local partner.
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