Ivory Coast Expands Oil and Gas Production After Exceeding Forecasts

BREAKING NEWSJanuary 16, 2025 at 11:39 AM UTC

TLDR

Ivory Coast has exceeded initial estimates for production from its Baleine oil and gas field
Phase 2 of the project is producing 50,000-60,000 barrels of oil per day, up from the initially projected 35,000
Baleine’s cumulative production from its first two phases now stands at 75,000-85,000 barrels of oil per day

Ivory Coast has exceeded initial estimates for production from its Baleine oil and gas field, according to government spokesman Amadou Coulibaly.

Coulibaly noted that Phase 2 of the project, launched on December 28, 2024, is producing 50,000-60,000 barrels of oil per day, up from the initially projected 35,000. Natural gas output also surpassed expectations, reaching 50-60 million cubic feet daily, compared to an estimate of 40 million.

Operated by Italy’s ENI in partnership with Ivorian Petroci, Baleine’s cumulative production from its first two phases now stands at 75,000-85,000 barrels of oil per day and 80-85 million cubic feet of gas per day. A decision on Phase 3 is expected by the end of 2025.

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Key Takeaways

Ivory Coast aims to leverage increased hydrocarbon production as a driver of sustainable growth. The country plans to reach 200,000 barrels of oil per day and 450 million cubic feet of gas daily by 2028, driven by the Baleine field and recent discoveries such as the Calao deposit. While these targets are modest compared to African energy giants like Nigeria and Libya, the production boost represents significant progress for the nation’s energy sector. Enhanced output is expected to strengthen domestic energy security, reduce imports, and provide resources for broader economic development.

Ivory Coast

Energy

Economy

Oil and Gas

ENI

Baleine

Crude Oil