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San Donato Milanese (Milan), 22 March 2017 – Eni today announced that it has obtained majority stakes in two new exploration blocks off the shore of the Côte d'Ivoire. The two blocks are located approximately 50 km from the country’s coastline.
The two deep offshore blocks, denominated CI-101 and CI-205, are in the eastern part of the prolific Tano basin, where Eni already operates, and cover a total area of about 2,850 square kilometers. Block CI-101 is at water depths of between 200 and 2,500 m and located 50 km south of the capital Abidjan, while block CI-205 is at water depths of between 2,000 and 2,700 m, and located 80 km south-west from the capital. Eni will operate and hold a 90% stake in both blocks, while the state-owned company Petroci continues to hold the remaining 10%.
This acquisition is consistent with Eni’s Dual Exploration strategy, which aims to acquire wide majority stakes in exploration blocks with a high hydrocarbon potential, and allowing for the early monetization of resources through the sale of minority stakes.
Eni will operate the two blocks by applying its proprietary technologies and by leveraging the important synergies with other activities in the region, reducing the time-to-market, as well as costs.
Eni operates in the Côte d'Ivoire through its subsidiary Eni Côte d’Ivoire Limited, which in 2015 acquired a 30% stake in the offshore exploration block CI-100. These recent exploration activities mark the company’s return to the country; Eni had been previously active in the Côte d'Ivoire’s upstream and downstream sectors in the 1960s and 1980s.
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EnergIA (ener'dʒia) is a system based on Generative Artificial Intelligence.
Thanks to this technology, we can respond to your requests by querying the most relevant content and documents available on eni.com. (Note: financial documents from the last 12 months and press releases from the last 2 years are considered.)
Through EnergIA, you can delve into topics of interest and have a real-time window into the world of Eni.
If you wish to search for a specific document, press release or news, use the traditional search engine via the magnifying glass icon.
Like all systems that leverage Generative Artificial Intelligence, EnergIA may generate inaccurate or outdated responses. Always consult the sources that EnergIA proposes as the origin of the generated information.
If the system fails to find an exact match for the requested content, it still tends to provide a response.
If you find any inaccuracies in the provided response, please send us your feedback at the bottom of the page: it will be very helpful for us to improve.
Remember that the content generated by the system does not represent Eni’s official position. We therefore invite stakeholders to refer to their designated contacts for official statements: Press Office for journalists, Investor Relations for analysts and investors, Company Secretariat for shareholders etc..
EnergIA can understand questions posed in almost all languages, but we prefer to provide you with a response in English or Italian, the two languages available on eni.com. If you ask a question in Italian, the content on the site in Italian will be consulted. If you ask it in English or any other language, the content in English will be consulted. (Note: the language Eni uses for financial documents/content is predominantly English.)
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