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Whale Project: Eni sells 30% of its stake to Vitol in Côte d'Ivoire

26/09/2025
Source : ORISHAS FINANCE
Categories: Sectors

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A press release published on Thursday, September 26, 2025, mentions that the Italian energy group ENI has Finalized the sale of a 30% stake in the offshore Whale project in Côte d'Ivoire to the global trader of Vitol raw materials.


The Whale Project is owned up to 47.25% by Eni, 30% by Vitol and 22.75% by Petroci, making It is the country's main offshore development. According to Eni, this operation is part of a strategy to optimize its upstream portfolio, by accelerating the monetization of discoveries through the sale of shares, a approach described as a “dual exploration model”.

with The launch of phase 3, production should reach 150,000 barrels of oil and 200 million cubic feet of gas per day.

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