Eni completes sale of 30% stake to Vitol in Cote d'Ivoire's Baleine project
Italy, Sept. 25 -- Eni announces the completion of the sale of a 30% stake in the Baleine project in Cote d'Ivoire, to Vitol. The Baleine project is the country's main offshore development and is now owned by Eni (47,25%), Vitol (30%) and Petroci (22,75%).The transaction aligns with Eni's strategy of optimising its upstream portfolio by accelerating the monetization of exploration discoveries through the divestment of equity stakes, a model known as the "dual exploration model."Eni and Vitol are already partners in the OCTP and Block 4 projects in Ghana, and this transaction further strengthens their collaboration in West Africa.Eni has been present in Cote d'Ivoire since 2015. Baleine is Eni's first development in the country, and the firs...
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