Eni gains two blocks offshore Ivory Coast
SAN DONATO MILANESE, Italy – Eni has secured 90% operated stakes in two new exploration blocks in the eastern part of the sedimentary basin offshore Ivory Coast.
The blocks were part of the 20 blocks available at the end of 2018.
Blocks CI-501 and CI-504 are about 30 km (19 mi) from the coastline and cover a total area of about 911 sq km (352 sq mi).
The 512-sq km (198-sq mi) block CI-501 is in water depths of 100-2,400 m (328-7,874 ft), 80 km (50 mi) southwest of the capital Abidjan.
The 399-sq km (154-sq mi) block CI-504 is in water depths of 1,000-2,350 m (3,281-7,710 ft), 60 km (37 mi) southwest of the capital.
State company Petroci holds the remaining 10%.
The two blocks are adjacent to the north of the Eni-operated block CI-205.
Due to their geological continuity, the blocks will be studied in synergy, the company said, using its proprietary technologies, with cost optimization and facilitating time-to-market in the event of a petroleum discovery and commercial development.