Eni Makes Significant Hydrocarbon Discoveries in Ivory Coast and Angola. Abidjan, Ivory Coast — Italian energy giant Eni has announced two significant hydrocarbon discoveries in Ivory Coast and Angola, marking a significant expansion of its exploration footprint in Africa.
The discoveries come as part of Eni’s dual strategy of frontier exploration and near-field reserve growth on the continent.
In Ivory Coast, Eni successfully drilled the Murene South — 1X well in Block CI-501, confirming the Calao South discovery within the prolific Calao channel complex.
The Algaita — 01 well in Angola, part of Eni’s joint venture Azule Energy, was also announced, located in Block 15/06 within the Lower Congo Basin. These finds reflect Eni’s commitment to African exploration, according to the African Energy Chamber (AEC).
The Calao South discovery, which includes an estimated 5 trillion cubic feet of gas and 450 million barrels of condensate, is a strategic victory for Ivory Coast, potentially fast-tracking energy independence and domestic gas-to-power expansion.
In Angola, the Algaita — 01 well, which encountered oil-bearing sandstones across multiple Upper Miocene intervals, is estimated to hold 500 million barrels of oil. Its proximity to the Olombendo FPSO enhances development prospects, showcasing how incremental discoveries can sustain production in mature fields.
Eni’s exploration efforts in Ivory Coast and Angola are part of a broader strategy across Africa.
The company plans to invest up to €24 billion across Algeria, Libya, and Egypt over the next four years, and has recently secured the offshore exploration License O1 in Libya. These discoveries are expected to catalyze a new wave of upstream momentum across Africa’s hydrocarbon market, according to the AEC.
They also underscore Africa’s role as a key player in the global energy landscape.
As Eni advances appraisal, testing, and development planning, further details on these discoveries are expected to emerge.
The company’s success in Africa continues to demonstrate the continent’s potential for energy exploration and production.
