Eni makes Calao South discovery offshore Côte d’Ivoire’s CI-501

Core Insights - Eni has made a significant gas and condensate discovery in Block CI-501 offshore Côte d'Ivoire, named Calao South, with estimated volumes of up to five trillion cubic feet (tcf) of gas and 450 million barrels (mbbl) of condensate, equivalent to approximately 1.4 billion barrels of oil [1][3][6] Group 1: Discovery Details - The Murene South-1X well, which led to the discovery, is located about 8km south-west of the Murene-1X well in the adjacent CI-205 concession and is the first exploration well in CI-501 [2] - The well was drilled to a depth of approximately 5,000m in waters 2,200m deep, and it identified hydrocarbon-bearing intervals with a gross thickness of around 50m [2][3] - A full conventional drill stem test will be conducted to evaluate the production potential of the Calao discovery [3] Group 2: Eni's Operations in Côte d'Ivoire - Eni holds a 90% operating stake in Block CI-501, with Petroci Holding owning the remaining 10% [2] - The Baleine field, operated by Eni, currently produces over 62,000 barrels (bbl) of oil and more than 75 million cubic feet (mcf) of gas per day, with plans to increase production to 150,000 bbl of oil and 200 mcf of gas daily with the commencement of phase three [4] - Eni has been operating in Côte d'Ivoire since 2015 and holds interests in various exploration blocks, including nine other blocks in collaboration with Petroci Holding [4][5] Group 3: Recent Developments - Azule Energy, a joint venture between Eni and bp, reported a major oil discovery at the Algaita-01 exploration well in Block 15/06 offshore Angola, with initial estimates suggesting approximately 500 mbbl of oil in place [5][6]