{"id":36750,"date":"2026-05-26T09:34:00","date_gmt":"2026-05-26T05:34:00","guid":{"rendered":"https:\/\/gbc1.net\/?p=36750"},"modified":"2026-06-27T01:09:22","modified_gmt":"2026-06-26T21:09:22","slug":"eni-announces-4b-fid-for-phase-3-at-baleine-field-in-cote-divoire","status":"publish","type":"post","link":"https:\/\/gbc1.net\/index.php\/2026\/05\/26\/eni-announces-4b-fid-for-phase-3-at-baleine-field-in-cote-divoire\/","title":{"rendered":"ENI Announces $4B FID for Phase 3 at Baleine Field in Cote d&#8217;Ivoire"},"content":{"rendered":"\n<p>On 25 May 2026, ENI announced its Final Investment Decision (FID) into Phase 3 of the Baleine Oil &amp; Gas Field in Cote d&#8217;Ivoire. The tranche for this phase amounts to USD 4 billion. A signing ceremony took place in Abidjan in the presence of the Ivorian Minister of Mines, Petrolem and Energy Mamadou Sangafowa-Coulibaly and ENI CEO Claudio Descalzi. Senior executives of partners Petroci and Vitol were also in attendance.<\/p>\n\n\n\n<p>The Phase 3 of the project aims to boost oil production from 60,000 to 150,000 barrels per day (bpd) and gas output from 80 to 200 million cubic feet per day.  The Project involves a new Floating Production and Storage and Offloading (FPSO) platform. Building upon the experience accumulated during the first two phases, ENI is confident to be able to accelerate the implementation of Phase 3, withoutc compromising on quality or safety.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img data-dominant-color=\"a2adae\" data-has-transparency=\"false\" style=\"--dominant-color: #a2adae;\" decoding=\"async\" loading=\"lazy\" width=\"500\" height=\"400\" src=\"https:\/\/gbc1.net\/wp-content\/uploads\/2026\/06\/FPSO-500x400-1-jpg.webp\" alt=\"\" class=\"not-transparent wp-image-36762\" srcset=\"https:\/\/gbc1.net\/wp-content\/uploads\/2026\/06\/FPSO-500x400-1-jpg.webp 500w, https:\/\/gbc1.net\/wp-content\/uploads\/2026\/06\/FPSO-500x400-1-300x240.webp 300w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><figcaption class=\"wp-element-caption\">FPSO Platform Petrojarl Kong in Abidjan<\/figcaption><\/figure><\/div>\n\n\n<blockquote class=\"wp-block-quote\">\n<p>\u201cBaleine is a testament to ENI\u2019s exploration and production model, built on excellence in exploration activities, the ability to develop projects through a fast-track and phased approach, and a consistent commitment to sustainability, in continuous dialogue with the host country. This project reflects our commitment to strengthening energy security, supporting local economic development and advancing a lower-carbon energy future.&#8221;<\/p>\n<cite>ENI CEO Claudio Descalzi<\/cite><\/blockquote>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img data-dominant-color=\"e0e8ea\" data-has-transparency=\"false\" style=\"--dominant-color: #e0e8ea;\" decoding=\"async\" loading=\"lazy\" width=\"600\" height=\"400\" src=\"https:\/\/gbc1.net\/wp-content\/uploads\/2026\/06\/Baleine-w-jpg.webp\" alt=\"Hydrocarbon Fields Map off C\u00f4te d'Ivoire\" class=\"not-transparent wp-image-36758\" srcset=\"https:\/\/gbc1.net\/wp-content\/uploads\/2026\/06\/Baleine-w-jpg.webp 600w, https:\/\/gbc1.net\/wp-content\/uploads\/2026\/06\/Baleine-w-300x200.webp 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><figcaption class=\"wp-element-caption\">Hydrocarbon Fields Map off C\u00f4te d&#8217;Ivoire<\/figcaption><\/figure><\/div>\n\n\n<p>The FPSO vessel is currently under construction in China and involves several shipyards, including CIMC Raffles in Yantai and COSCO Shipping Heavy Industries in Qidong. The vessel is projected to be completed by mid-2028.<\/p>\n\n\n\n<p>The gas produced will go first to meet domestic demand, contributing to reinforce Cote d&#8217;Ivoire <a href=\"https:\/\/gbc1.net\/index.php\/tag\/energysecurity\/\">#EnergySecurity<\/a>. Part of the gas will be used as fuel to generate electricity to support the country&#8217;s <a href=\"https:\/\/gbc1.net\/index.php\/tag\/industrialization\/\">#industrialization<\/a> drive.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 25 May 2026, ENI announced its Final Investment Decision (FID) into Phase 3 of the Baleine Oil &amp; Gas<\/p>\n","protected":false},"author":1,"featured_media":36752,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_mi_skip_tracking":false,"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":0,"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":""},"categories":[3],"tags":[168,307],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ENI Announces $4B FID for Phase 3 at Baleine Field in Cote d&#039;Ivoire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gbc1.net\/index.php\/2026\/05\/26\/eni-announces-4b-fid-for-phase-3-at-baleine-field-in-cote-divoire\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ENI Announces $4B FID for Phase 3 at Baleine Field in Cote d&#039;Ivoire\" \/>\n<meta property=\"og:description\" content=\"On 25 May 2026, ENI announced its Final Investment Decision (FID) into Phase 3 of the Baleine Oil &amp; 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