What is the main objective of Eni's $4 billion Baleine Phase 3 expansion in the Ivory Coast?

The main objective of Eni's $4 billion Baleine Phase 3 expansion is to increase oil production from 60,000 barrels per day to 150,000 barrels per day and more than double gas output to 200 million cubic feet per day, with the gas supply destined for domestic use in the Ivory Coast.

Who are the stakeholders in the Baleine project and what are their respective ownership stakes?

Eni holds a 47.25% stake in the Baleine project, Vitol Group holds 30%, and state-owned Petroci owns the remainder; Eni also signed an agreement with Socar in January to sell 10% of its stake, pending government approval.

Eni Looks to Speed Up $4 Billion Oil Expansion in Ivory Coast

May 25, 2026

Eni plans to accelerate its $4 billion Baleine Phase 3 offshore project in Ivory Coast with Vitol, aiming to boost oil production to 150,000 barrels per day by mid-2028 due to favorable macro conditions.

bloomberg

2026-05-25

Eni Looks to Speed Up $4 Billion Oil Expansion in Ivory Coast

Eni Looks to Speed Up $4 Billion Oil Expansion in Ivory Coast

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