- The new acquisition strengthens Eni's exploration portfolio in the country, confirming the company's commitment to the region

Eni and the Ivorian Ministry of Mines, Petroleum and Energy signed the exploration contract for the CI-707 offshore block in Abidjan.

The licence covers an area of approximately 2,926 square kilometres in the Ivorian sedimentary basin, at a water depth of between 1,000 and 3,000 metres. The planned exploration period has a maximum duration of 9 years.

The area covered by the new licence is geologically continuous with the nearby CI-205 block, where Eni announced the discovery of Calao in March 2024. This proximity offers a strategic opportunity for the identification of potential similar structures, paving the way for future synergistic developments.

With this new licence, Eni further consolidates its presence in Côte d'Ivoire, where it has been operating since 2017 with a current equity production of over 62,000 barrels of oil and more than 75 million cubic feet of gas per day, set to rise to 150,000 barrels of oil and 200 million cubic feet of gas with the start of phase 3. The company is active in 10 offshore blocks in the country – CI-101, CI-205, CI-401, CI-501, CI-504, CI-526, CI-706, CI-708, CI-801 and CI-802 – in addition to block CI-707.

About Eni

Eni is a global energy tech company operating in 64 Countries, with about 32,500 employees. Originally an oil & gas company, it has evolved into an integrated energy company, playing a key role in ensuring energy security and leading the energy transition. Eni's goal is to achieve carbon neutrality by 2050 through the decarbonization of its processes and of the products it sells to its customers.
In line with this goal, Eni invests in the research and development of technologies that can accelerate the transition to increasingly sustainable energy. Renewable energy sources, bio-refining, carbon capture and storage are only some examples of Eni's areas of activity and research. In addition, the company is exploring game-changing technologies such as fusion energy - a technology based on the physical processes that power stars and that could generate safe, virtually limitless energy with zero emissions.