Italian energy giant Eni has taken the final investment decision (FID) for the next phase of its oil and gas development project off the coast of Côte d’Ivoire, West Africa.
Eni and its partners Petrosi and Vitolthe final investment decision has been approved for Pisces stage 3 The project is said to represent a milestone in the development of the country’s largest ever hydrocarbon discovery.
The development of the third phase of the full field will increase oil production from 60,000 to 150,000 barrels per day and gas production from 80 to 200 million cubic feet per day. All gas produced will be allocated to the local market.
This will contribute to meeting Côte d’Ivoire’s energy needs, expanding electricity generation and supporting industrial development in the country.
The project involves the development of a new floating production, storage and offloading (FPSO) unit, designed to ensure high standards of operational efficiency, safety and low environmental impact.
The third phase is based on the phased and rapid development model already implemented at Palen The first two stagesenabling early production while optimizing costs and leveraging existing infrastructure.
Claudio DescalziEni’s CEO commented: “Baleine is a testament to Eni’s exploration and production model, built on excellence in exploration activities, the ability to develop projects through an agile and phased approach, and an ongoing commitment to sustainability, in constant dialogue with the host country.
“This project reflects our commitment to enhancing energy security, supporting local economic development, and promoting a low-carbon energy future.”
Boost your brand with marine energy ⤵️
Steal the spotlight and establish your brand in the heart of the outside world!
Join us to make a greater impact and grow your presence at the core of the marine energy community!
