Eni and Partners Approve Baleine Phase 3 Investment Decision
Eni and its partners Petroci and Vitol approved the final investment decision for the Baleine Phase 3 project, "marking a significant milestone in the development of the largest hydrocarbon discovery ever made in the country," the company said. The full-field Phase 3 development will increase oil production from 60,000 to 150,000 barrels per day and gas output from 80 to 200 million cubic feet per day. "Baleine is a testament to Eni's exploration and production model, built on excellence in exploration activities, the ability to develop projects through a fast-track and phased approach, and a consistent commitment to sustainability, in continuous dialogue with the host country. This project reflects our commitment to strengthening energy security, supporting local economic development and advancing a lower-carbon energy future," said Claudio Descalzi, Chief Executive Officer of Eni.
