By Elena Vardon
Energy major Eni said it started production of phase two at its Baleine oil field, offshore Ivory Coast.
The Italian integrated oil-and-gas company said Saturday that production will reach 60,000 barrels of oil a day and 70 million cubic feet of associated gas. Eni's current equity production in the country--where it has been present since 2015--is of around 22,000 barrels of oil equivalent a day, it said.
Under phase two, the Petrojarl Kong floating production, storage and offloading unit will be deployed alongside the Yamoussoukro floating storage and offloading unit to export oil, it said.
The entirety of the processed gas produced will supply local energy demand through its connection with the pipeline that was built during phase one of the project, which started in August 2023, it added.
Baleine's total production is expected to amount to 150,000 barrels of oil a day and 200 million cubic feet of associated gas with the startup of phase two and the development of phase three, which is currently under study, Eni said.
Write to Elena Vardon at elena.vardon@wsj.com
(END) Dow Jones Newswires
December 30, 2024 01:26 ET (06:26 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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