Wednesday, September 23, 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...

Gadaa Bank deposit portfolio expands 68% to surpass birr 11.89 billion

Gadaa Bank S.C., one of the youngest financial institutions,...

East Africa’s $16 billion oil refinery to break ground in Lamu next week

Construction of the landmark East Africa Refinery in Lamu...

Ethiopia pledges US$240 million to CEPI’s Global Pandemic plan

Ethiopia, alongside Norway and the United Kingdom, has committed...

Ethiopia joins international coalition to advance lower-carbon blended cement ahead of COP32

Ethiopia, alongside Cambodia, Ghana, Tanzania, and Uganda, has officially...

IFAD joins Government of Djibouti and World Bank to accelerate agri-food transformation

The International Fund for Agricultural Development (IFAD) on Monday...

African capital market leaders gather in Nairobi to unlock $4 trillion in domestic assets

More than 300 policymakers, central bankers, institutional investors, and...
spot_img

Related Articles

Popular Categories

spot_imgspot_img