Cote d’Ivoire well-positioned for upstream development
Potential ‘world-class find’ at Baleine bodes well for the West African country’s prospects
Italian IOC Eni's “major discovery” at Baleine this summer was the first such find in Cote d’Ivoire for 20 years. And both Baleine and the West African country as a whole have a number of advantages that could aid development. Baleine could be a “world-class find”, consultancy Welligence Energy Analytics says, adding that it shows “frontier exploration offshore sub-Saharan Africa is not dead... the region can compete in the search for advantaged barrels”. Eni’s deepwater discovery, and even its desire to explore, is evidence of its continued commitment to the region. This is in contrast to majors such as ExxonMobil and Chevron, which are looking to divest West African assets as part of a rep
Also in this section
28 March 2024
As a gas supply shortfall looms, balancing regulatory flexibility with energy security and investor confidence will be critical
27 March 2024
Oil producers have to untangle the increasingly complicated relationship with their natural resources
26 March 2024
Strategic stocks have become as much a market management tool as a security of supply buffer, and this new tactic is likely to continue beyond the next election
25 March 2024
Low carbon intensity and sizeable projects such as Johan Castberg coming onstream in late 2024 suggest a robust outlook at least until 2030