Côte d'Ivoire: Eni Sanctions Baleine Phase 3

Summary

The upstream landscape of the Gulf of Guinea has reached a significant milestone with Eni and its consortium partners officially approving the Final Investment Decision (FID) for Phase 3 of the deepwater Baleine field offshore Côte d'Ivoire. Estimated at an approximate capital expenditure of $4 billion, this full-field phase represents a massive validation of West Africa's deepwater potential.
By deploying a brand-new Floating Production, Storage, and Offloading (FPSO) vessel, the project will structurally alter the host nation's macroeconomic and energy outlook. Total liquid production will jump from 60,000 barrels of oil per day (bopd) to 150,000 bopd, while domestic gas delivery will surge to 200 million cubic feet per day (200 MMscf/d). At peak production, the Baleine project is projected to achieve approximately 183,000 barrels of oil equivalent per day (boepd), placing it among the most commercially significant offshore developments in sub-Saharan Africa outside the traditional producing giants such as Nigeria and Angola.