Italian oil giant Eni pushes to fast-track $4 billion offshore expansion in Ivory Coast

Italian oil giant Eni pushes to fast-track $4 billion offshore expansion in Ivory Coast

Eni is fast-tracking the $4B Baleine Phase 3 expansion offshore Ivory Coast, targeting production growth from 60,000 to 150,000 bpd with an FPSO vessel due mid-2028 at a Chinese shipyard. For energy and infrastructure portfolios, this signals that African offshore is attracting accelerated capex cycles — compressed timelines and multi-partner structures (Vitol, Petroci, SOCAR) are becoming the standard execution model.