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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Eni Spa | BIT:ENI | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.116 | -0.78% | 14.708 | 14.662 | 14.80 | 14.854 | 14.656 | 14.846 | 8,546,828 | 17:00:00 |
From May 2022 to May 2024
By Emmanuel Tumanjong
Special to Dow Jones Newswires
Ivory Coast has discovered new oil and gas reserves that could lift its potentials to at least 25%, the country's government said on Thursday.
The 2.5 billion barrels of crude oil reserves and 3,300 billion cubic feet of natural gas was discovered by Italian energy firm Eni and Ivory Coast's state-run partner Petroci Holding, Mines, Petrol and Energy Minister Coulibaly Mamadou Sangafowa said in a statement.
The new finding follows a major discovery of 2 billion barrels of crude and 2,400 billion cubic feet of gas reserves in September.
The newly discovered CI-802 block is adjacent to the CI-101 block found by the consortium in September.
Drilling of the reserves is expected to start by the first quarter of 2023, Minister Sangafowa said.
Considered a moderate oil producer, Ivory Coast's crude output hangs around 30,000 barrels a day, according to government data.
Write to Barcelona Editors at barcelonaeditors@dowjones.com
(END) Dow Jones Newswires
July 29, 2022 05:41 ET (09:41 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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