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Business gas discovery

Eni Discovers Calao South Offshore Ivory Coast

Analysis based on 10 articles · First reported Feb 16, 2026 · Last updated Feb 17, 2026

Sentiment
60
Attention
4
Articles
10
Market Impact
Direct
Live prominence charts, article sentiment distribution, and event development timeline available on the NewsDesk Dashboard

The significant gas and condensate discovery by Eni in Ivory Coast is expected to positively impact the energy sector, particularly for Eni and Ivory Coast, by increasing hydrocarbon reserves and potential for domestic energy supply. This could lead to increased investment and development in the region's offshore basin.

Oil and gas Energy

Eni has announced a significant gas and condensate discovery, named Calao South, offshore Ivory Coast in Block CI-501 with the Murene South-1X exploration well. This discovery is estimated to contain up to 5 Tcf of gas and 450 MMbbl of condensate, making it the country's second-largest after the Baleine field. The well encountered hydrocarbons in high-quality Cenomanian sand reservoirs and confirmed approximately 50 m of gross hydrocarbon-bearing interval. Eni operates Block CI-501 with a 90% interest, alongside partner Petroci Holding, which holds the remaining 10%. The discovery further expands the Calao channel complex and supports continued exploration and development across Ivory Coast's offshore basin. Eni has been active in Ivory Coast since 2015 and holds interests in multiple exploration blocks. The Baleine field, currently producing oil and gas, is expected to increase output with additional phases. SOCAR recently agreed to acquire a 10% stake in the Baleine field from Eni.

100 Eni discovered gas and condensate
60 Eni operates Block CI-501
40 SOCAR acquired 10% stake in Baleine field Eni
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Eni has made a significant gas and condensate discovery in Block CI-501 offshore Côte d'Ivoire, named Calao South. This discovery, estimated to contain up to 5 Tcf of gas and 450 MMbbl of condensate, is the second-largest in Côte d'Ivoire after the Baleine field, further solidifying Eni's position in the region. Eni operates Block CI-501 with a 90% interest and is also active in other exploration blocks in Côte d'Ivoire.
Importance 100 Sentiment 70
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The Calao South discovery is the second-largest in Ivory Coast, significantly boosting the nation's hydrocarbon reserves and potential for domestic energy supply. The Baleine field, also in Ivory Coast, is a key contributor to the country's energy needs, with production expected to increase further.
Importance 80 Sentiment 60
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Petroci Holding is a partner in Block CI-501 with a 10% interest, benefiting from the significant Calao South discovery. Petroci Holding also partners with Eni in several other Ivorian exploration blocks, including CI-504, CI-526, CI-706, CI-707, CI-708, CI-401, CI-801, CI-802, and Baleine AEE.
Importance 70 Sentiment 50
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Saipem's drillship, Saipem Santorini, was used to drill the Murene South-1X exploration well, which led to the Calao South discovery. This highlights Saipem's role as a service provider in significant offshore exploration projects.
Importance 30 Sentiment 20
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Vitol Group is a partner with Eni and Petroci Holding in several Ivorian exploration blocks, including CI-401, CI-801, CI-802, and Baleine AEE. Vitol holds a 30% stake in the Baleine field.
Importance 10 Sentiment 10
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SOCAR signed an agreement to acquire a 10% stake in the Baleine field from Eni, aligning with Eni's strategy of optimizing its upstream portfolio. This acquisition will reduce Eni's stake in Baleine to 37.2%.
Importance 10 Sentiment 10
Eni related Petroci Holding
Eni related Vitol
Eni related Petroci Holding
Ivory Coast related Eni
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