Eni Approves Baleine Phase 3 FID to Lift Output to 150,000 bpd

On May 27, 2026, Eni and partners Petroci and Vitol approved the final investment decision for Baleine Phase 3, advancing expansion of Ivory Coast’s largest hydrocarbon discovery. The move follows the initial announcement two days earlier and targets a sharp increase in output via a new FPSO, with oil production rising from 60,000 to 150,000 barrels per day and gas output climbing from 80 to 200 million cubic feet per day. All incremental gas will supply the domestic market, supporting power generation and industry while reinforcing Côte d’Ivoire’s role as a regional energy hub amid WTI prices above $90 per barrel.