December 7, 2022

The Political Chronicle

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What is the role of the state of Ivory in the oil coming from the “whale” field?


At Côte d’Ivoire, an oil field operated by the Italian ENI, known as the “whale”, was discovered last August and will begin production in 2023. Its reserves are estimated at 2 billion barrels and 2,400 billion cubic feet of natural gas. A product that will bring huge profits to the Ivory State Treasury.

With our correspondent in Abidjan, Pierre Pinto

According to forecasts, the “whale” field will produce its first barrels in the second quarter of 2023. Initially a normal production from three wells, which would deliver an average of 12,000 barrels / day and 17.5 million cubic feet of natural gas.

ENI and the consortium formed by Ivorian Petroleum a Full growth of the deposit Crude production averages 75,000 to 100,000 barrels / day by 2026. By then, ENI would have invested $ 11 billion in this deposit, equivalent to half of the country’s annual budget.

What will be the share going to Code de Ivory? Finally, the Ivorian state, through its holding company Petroleum, will hold 17% of the deposit, government spokesman Amato Coolipalli explained Wednesday.

Profit sharing

Petroleum Minister Thomas Camara announced on Thursday that the major and Ivory states will share a net profit of 52% for C டிte d’Ivoire and up to 48% for ENI once costs are cut by ENI.

C டிte d’Ivoire will benefit from the natural gas associated with supplying its power plants. Faced with this announced wave of greenhouse gases, ENI promises To compensate for carbon It is produced specifically by investing in the conservation of endangered Ivorian forests.

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