The North African branch of Eni has resumed its exploration drilling in an offshore area northwest of Libya, specifically in Block 16/4, after a five-year hiatus. In 2024, Eni and British oil giant BP have restarted exploration in Libya after onshore drilling was halted in 2014, the year when the North African country’s civil war erupted and divided the country between two administrations.
Eni has also signed with the Ministry of Mines, Petroleum and Energy of the Ivory Coast an exploration contract for offshore block CI-707, thus expanding its portfolio in the country. Block CI-707 extends over approximately 2.926 square kilometers in the Ivorian sedimentary basin, at sea depths between 1.000 and 3.000 meters. The exploration program includes a maximum duration of nine years, with significant margins for new discoveries.
A joint venture formed by Eni (50%), CNPC (20%), Kogas (10%), ENH (10%) and ADNOC’s subsidiary XRG (10%) has reached the final investment decision to develop the Coral North FLNG project, deepwater offshore Cabo Delgado, north of Mozambique. The project will put in production the gas volumes from the northern part of Area’s 4 Coral gas reservoir, in the Rovuma basin, through a state-of-the-art floating LNG facility.