economy
February 16, 2026
Big Discovery! Huge Gas and Oil Field Found, Here's Where
Italian energy giant Eni announced on Monday that it has discovered a gas and condensate field in Ivory Coast, estimating it to contain up to 149 billion cubic meters of gas and approximately 1.4 billion barrels of oil.
TL;DR
- Eni has discovered a gas and condensate field in Ivory Coast.
- The field is estimated to contain up to 149 billion cubic meters of gas and approximately 1.4 billion barrels of oil.
- The discovery was made in the Murene South-1X well in the CI-501 block in the Gulf of Guinea.
- Eni holds a 90% stake in the block, partnered with Petroci Holding (10%).
- The existing Baleine field in the Gulf of Guinea is currently producing over 62,000 barrels of oil per day and more than two million cubic meters of gas per day.
- Eni has been operating in Ivory Coast since 2015 and has interests in nine exploration blocks, including CI-501.
- Eni also recently confirmed an oil discovery in the Algaita-01 well off the coast of Angola, estimated to contain around 500 million barrels of oil.
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