Ivory Coast has signed production sharing agreements (PSAs) for four offshore oil blocks with energy supermajor Eni.
Under the agreements, Eni will invest over $80 million in exploration activities across blocks CI-504, CI-526, CI-706 and CI-708 over a three-year period.
The PSAs align with Ivory Coast’s plans to triple oil production by 2027 through new investments in energy infrastructure and strategic partnerships.
The milestone follows Eni announcement of an oil discovery in Block C1-205 in March 2024 as well as a $10 billion three-year investment plan to bolster production at the Baleine field offshore Ivory Coast.
