Friday, July 31, 2026

Eni Expands African Exploration Footprint with Major Discoveries in Ivory Coast, Angola

Energy major Eni continues to deliver on its exploration drive in Africa, announcing two major hydrocarbon discoveries in February 2026. In Ivory Coast, the company successfully drilled the Murene South-1X well in Block CI-501, confirming the Calao South discovery within the prolific Calao channel complex. Through its Angolan joint venture Azule Energy, the company also announced the Algaita-01 well in Block 15/06 – situated in the prolific Lower Congo Basin. Together, these milestones reflect a deliberate dual-track strategy for the company: opening new hydrocarbon frontiers while strengthening production capacity across Africa’s established markets. 

As the voice of the African energy sector, the African Energy Chamber (AEC) commends Eni for its sustained commitment to African exploration. Large-scale discoveries in Ivory Coast and Angola are not only commercial wins – they are strategic victories for the continent. For emerging producers such as Ivory Coast, discoveries of this scale fast-track energy independence and domestic gas-to-power expansion. For mature producers such as Angola, they underpin production stability and fiscal resilience at a time when global capital is increasingly selective. As the company advances appraisal, testing and development planning, these discoveries have the potential to catalyze a new wave of upstream momentum across Africa’s hydrocarbon market.

Hot this week

Production up, but the ‘cost’ variable weighs heavily

Production is up in 2021 for the Italian agricultural...

Luminos Fund’s catch-up education programs in Ethiopia recognized

The Luminos Fund has been named a top 10...

Well-planned cities essential for a resilient future in Africa concludes the World Urban Forum

The World Urban Forum (WUF) concluded today with a...

Private sector deemed key to unlocking AfCFTA potential

The private sector’s role is vital to fully unlock...

Ethiopian Shipping posts record profit despite regional security disruptions

Ethiopian Shipping and Logistics (ESL) reported a sharp rise...

Djibouti rejects unilateral taxation proposal for Bab el Mandeb Strait

Djibouti has firmly rejected any attempt to impose unilateral...

Zijin Gold acquisition of Allied Gold falls through, invests US$295 million instead

The planned acquisition of Canada’s Allied Gold Corporation by...

REQUEST FOR PROPOSALS FOR

For the Establishment of Long Term Agreement (LTA) for...

Safaricom Ethiopia

ብቁ ድርጅቶች ፍላጎታችሁን አሳውቁን 24/7 አጠቃላይ የሕንጻ ጥገና፣ የተሟላ የቢሮ...

Lammif Initiative for Inclusive and Informed Life(L3IL)

purchase of 1 Electric vehicle The Specification of the car...

Invitation For Bid

The IRC-Ethiopia Program has been working in Ethiopia since...
spot_img

Related Articles

Popular Categories

spot_imgspot_img