Eni Greenlights Third Phase of Côte d'Ivoire Offshore Oil & Gas Development

## Eni Advances West Africa Offshore Strategy with New FID Italian energy giant Eni has approved a final investment decision (FID) for the third phase of its offshore oil and gas development project in Côte d'Ivoire, according to Offshore Energy. The move signals the company's sustained commitment to deepening its upstream presence along the West African coastline. The FID marks a significant milestone in the project's lifecycle, unlocking capital expenditure and enabling the progression from planning to active development. While specific production targets and capital investment figures for this phase have not been publicly disclosed in full, the decision underscores Eni's confidence in the commercial viability and resource potential of the Ivorian offshore acreage. ### West Africa as a Strategic Priority West Africa has long been a cornerstone of Eni's international upstream strategy. The company has maintained an active presence across the region, with operations spanning Angola, Nigeria, the Republic of Congo, and Mozambique, among others. Côte d'Ivoire represents a key growth frontier, and the progression to a third development phase indicates that earlier stages have delivered results sufficient to justify continued investment. For the broader West African offshore sector, Eni's FID is a positive signal at a time when international oil companies are carefully scrutinising capital allocation amid ongoing energy transition pressures. A phased development approach — now entering its third chapter — reflects a disciplined, incremental model that manages technical and financial risk while sustaining production growth. ### Industry Implications The decision is likely to generate activity across the offshore supply chain, including demand for drilling units, subsea equipment, marine support vessels, and engineering services. Contractors and vessel operators active in the Gulf of Guinea region will be watching the project's procurement timeline closely. Côte d'Ivoire has been working to position itself as an attractive destination for offshore investment, and Eni's continued commitment reinforces the country's standing as a credible deepwater jurisdiction in West Africa. Further details on project scope, timeline, and associated infrastructure requirements are expected as the development moves into its execution phase.