Core Insights - Eni has announced a significant gas and condensate discovery in Ivory Coast, named Calao South, which confirms the potential of the Calao channel complex and is the second-largest discovery in the country after Baleine [1] Company Summary - Eni operates in Ivory Coast with a 90% stake in Block CI-501, in partnership with state-owned Petroci Holding [1] - The Calao South discovery is estimated to contain up to 5.0 trillion cubic feet of gas and 450 million barrels of condensate, equivalent to approximately 1.4 billion barrels of oil [1] Industry Summary - The output from Baleine, the largest hydrocarbon development in Ivory Coast, is projected to increase to 150,000 barrels of oil and 200 million cubic feet of gas per day with the launch of Phase 3, highlighting its importance for the country's domestic energy needs [1]
Eni makes major gas, condensate discovery offshore Ivory Coast