Eni gives go-ahead for $4bn Ivory Coast project

AI Summary

Eni and partners Petroci and Vitol approved the $4 billion Baleine Phase 3 project offshore Ivory Coast, aiming to increase oil production from 60,000 to 150,000 barrels per day and boost gas output as well. The investment finalizes the full-field development expected to significantly enhance energy output.

Italian major Eni and its partners, Petroci and Vitol, have approved the final investment decision for the Baleine Phase 3 project offshore the Ivory Coast. The full-field Phase 3 development will increase oil production from 60,000 to 150,000 barrels per day and gas output from 80 to 200mmcf per day. The project is reportedly worth …