Sunday, June 9, 2019
ENI has added to its West African acreage with the award of two new blocks offshore Cote d’Ivoire. The blocks, CI-501 and CI-504, lie southwest off the coast of Abidjan and are part of the 20 blocks put on offer last year by the government.
ENI will hold the blocks with a 90% interest and operatorship. Petroci, Cote d’Ivoire’s state-run oil and gas firm, will hold the remaining 10% working interest.
The two firms are also partnered on adjacent block CI-205 on the same 90/10 basis.
“Due to their geological continuity, the blocks will be studied in synergy, utilizing ENI’s proprietary technologies, with cost-optimization and facilitating time-to-market in the event of a petroleum discovery and commercial development,” ENI said in a statement.
Block CI-501 covers 512 sq km in water depths ranging from 100 to 2,400 meters. Block CI-504 is made up of 399 sq km and is in water depths ranging from 1,000 to 2,350 meters.