Eni Announces Major Discovery Offshore Ivory Coast

Core Viewpoint - Eni S.p.A. has made a significant gas and condensate discovery offshore the Ivory Coast, enhancing its position in the energy sector and confirming the potential of the Calao channel complex [2][3]. Group 1: Discovery Details - The discovery, named Calao South, was made after drilling the Murene South-1X well in Block CI-501, where Eni holds a 90% stake in partnership with Petroci Holding [2][3]. - The estimated volume of the find is up to 5 trillion cubic feet (Tcf) of gas and 450 million barrels of condensate, equating to approximately 1.4 billion barrels of oil [3]. Group 2: Recent Developments - This discovery marks Eni's second major find in Africa within a short period, following a significant offshore oil discovery in Angola, estimated at around 500 million barrels of oil [4].