Eni SpA mentioned Monday it had made a “important” pure gasoline and condensate discovery within the waters of Côte d’Ivoire via the primary exploration properly in Block CI-501.
Calao South, or the Murene South-1X properly, reinforces the Calao channel complicated because the West African nation’s second-biggest confirmed hydrocarbon website after the manufacturing Baleine subject, in accordance with power main Eni. Within the adjoining CI-205 block, the Italian state-backed firm found Calao (Murene-1X) in 2024, declaring it the second-largest fossil gasoline discovery within the Ivory Coast with preliminary estimates of 1-1.5 billion barrels of oil equal.
“The invention, named Calao South, confirms the potential of the Calao channel complicated that features additionally the Calao discovery and represents the second largest within the nation after Baleine, with estimated volumes of as much as 5.0 Tcf [trillion cubic feet] of gasoline and 450 million barrels of condensate (roughly 1.4 billion barrels of oil)”, Eni mentioned in a web based assertion Monday. “The invention was made in high-quality Cenomanian sands”.
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Murene South-1X “confirmed the principle hydrocarbon bearing interval with a gross thickness of round 50 meters [164.04 feet], with glorious petrophysical properties”, Eni mentioned. “Murene South-1X will bear a full standard drill stem take a look at (DST) to evaluate the manufacturing capability of the Calao discovery”.
The Saipem Santorini drilling ship reached a complete depth of round 5,000 meters in waters 2,200 meters deep, it mentioned. Calao South sits about eight kilometers southwest of Calao, in accordance with Eni.
Eni operates Block CI-501 with a 90 % stake. Côte d’Ivoire’s state-owned Petroci Holding holds 10 %.
In addition to CI-501 and CI-205, Eni owns stakes in eight different Ivorian exploration blocks. Eni and Petroci are companions in CI-504, CI-526, CI-706, CI-707 and CI-708. Eni has additionally partnered with Petroci and power dealer Vitol Group in CI-401, CI-801, CI-802 and Baleine AEE.
Earlier this yr the State Oil Firm of the Azerbaijan Republic (SOCAR) signed an settlement to accumulate a ten % stake within the Baleine subject from operator Eni.
“The transaction aligns with Eni’s technique of optimizing its upstream portfolio by accelerating the monetization of exploration discoveries via the divestment of fairness stakes, a mannequin referred to as the twin exploration mannequin”, Eni mentioned in a press launch January 22.
Baleine, developed in two phases, produces over 62,000 barrels a day of oil and greater than 75 million cubic ft per day of pure gasoline, in accordance with Eni. It plans to lift the sphere’s each day capability to 150,000 barrels of oil and 200 million cubic ft of gasoline underneath part 3.
Presently Eni owns 47.2 % in Baleine, which might be diminished to 37.2 % after the sale to SOCAR is accomplished. Vitol has 30 %. Petroci owns 22.75 %.
To contact the writer, electronic mail jov.onsat@rigzone.com
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