UCO on the agenda as Republic of Cote d’Ivoire and Eni representatives meet
Alassane Ouattara met with Eni CEO Claudio Descalzi to discuss the status of the fast-tracked development of the Baleine discovery, which will be the first net-zero development in Africa for scope 1 and scope 2 emissions.
Eni and the Ivorian Ministry of Mines, Petroleum and Energy also signed a Memorandum of Understanding (MoU) for new initiatives aimed at offsetting greenhouse gas emissions.
The MoU also aims to identify and develop power production projects from renewable or low carbon sources.
The potential of Baleine, in Block CI-101, is estimated at over 2 billion barrels of oil in place and about 2.4 trillion cubic feet (TCF) of associated gas, which will contribute to increase energy production in Côte d'Ivoire, strengthening the country's role as a regional energy hub.
The CI-101 block is operated by a consortium made up of Eni, the operator, and Petroci Holding. In the country, Eni owns stakes in blocks CI-205, CI-501, CI-504 and CI-802, all with the same partner Petroci Holding.