Country
Côte d'Ivoire
Sector
Oil & Gas
Intelligence Type
Project
Status / Stage
Under Construction
Estimated Value
USD Billion (Phases 1-3 combined) 4
Confidence
Confirmed
Latest Development
Africa’s first net-zero upstream project (ENI, 70%). Phase 1 achieved first oil August 2023 (20,000 bopd) and first gas September 2024. Phase 2 raises production to 60,000 bopd and 140 mmscfd gas — first oil targeted 2026. Phase 3 would push to 150,000 bopd. IMF (February 2026) cited Baleine as a 2026 Côte d’Ivoire growth driver.
Project Details
Project TypeOffshore oil and gas development (FPSO-based)
Project OwnerENI (70%, operator); Petroci (30%)
Project DeveloperENI SpA
Start Date2021
Expected CompletionPhase 2 first oil: 2026
Current PhaseConstruction
Funding StatusClosed
Latest Development (Detail)
Phase 2 under active development. Phase 3 FID not yet sanctioned.
What Happens Next
Phase 2 first oil 2026 and Phase 3 FID.
Commercial Opportunity
Phase 2 procurement: FPSO modification, pipeline, subsea equipment, compression systems.
Commercial Opportunity Intelligence
Commercial ReadinessCommercially Active
Source & Verification Trail
Last VerifiedAugust 2026
Source(s)ENI press releases; African Business May 2026; IMF Côte d'Ivoire Article IV February 2026
Source Date2024–August 2026