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Stock impact report

Eni Wins Exploration Rights for Four Blocks Offshore Ivory Coast [Yahoo! Finance]

ENI S.p.A. (E) 
US:NYSE Investor Relations: eni.com/en_it/investors.page
Company Research Source: Yahoo! Finance
The blocks are located near the Calao discovery and offer opportunities for synergies in the area. Eni already has a presence in the Ivory Coast, with a production share of around 22,000 barrels of oil equivalent per day, and is on track to start production at the Baleine field by the end of 2024. The company also announced a 20-year forestation agreement with the Ivory Coast's Water and Forests Ministry to offset emissions from the Baleine field. This article was first published on Rigzone here Côte d'Ivoire has awarded Eni SpA four offshore exploration blocks, allowing the Italian government-controlled energy major to grow a footprint that already includes the two biggest hydrocarbon discoveries in the Western African country. “The blocks CI-504, CI-526, CI-706 and CI-708 cover a total area of about 5,720 square kilometers with a water depth ranging between 1,000 and 3,500 meters; their proximity to the Calao discovery, made in Block CI-205, represents a strategic opportunity Show less Read more
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