Page 12 - AfrOil Week 50 2021

AfrOil PROJECTS & COMPANIES AfrOil

Eni, Côte d’Ivoire hold advanced talks on

net-zero development of Baleine discovery

CÔTE D’IVOIRE THE Italian energy major Eni has held advanced sustainable management and restoration of
discussions with Cote d’Ivoire’s heads of state degraded natural ecosystems, along with agri-
and government on developing Africa’s “first cultural development initiatives focused on the
net-zero oil and gas development” for Scope 1 cultivation of oil crops and the collection of nat-
and Scope 2 emissions, the company announced ural waste and used cooking oil, which will be
on December 10. used as bio-feedstock for biorefineries (biogas,
Eni had previously committed to the full biomethane), and the identification and possible
decarbonisation of all its products and processes development of power production projects from
by 2050. Its net zero plan for Baleine – the largest renewable or low-carbon sources, with a focus
discovery ever made in Cote d’Ivoire, this Sep- on solar power.
tember – is a pioneering industry move. The Baleine CI-101 block is operated by a
Eni estimates that Baleine could contain consortium that includes Eni as the operator
in-place resources of more than 2bn barrels and the national oil company (NOC) Petroci.
of oil and 2.4 trillion cubic feet (67.96bn cubic Eni owns stakes in blocks CI-205, CI-501,
metres) of associated gas. It has committed to CI-504 and CI-802, where it is also working with
a phased development strategy for the Baleine Petroci. ™
field, through an accelerated development
(Phase 1) with start-up by 2023 that will allow
an optimised time-to-market.
“In parallel with the first phase, the full-field
studies will advance. The project will leverage
the best available technologies to minimise
GHG emissions, implementing high efficiency
plant solutions, process energy recovery and the
reduction and control of fugitive emissions,” Eni
said.
As part of the December 10 meeting, and
in order to promote decarbonisation in the
country, Eni and the Ivorian Ministry of Mines,
Petroleum and Energy signed a memorandum
of understanding (MoU) that provides for ini-
tiatives in the field of Natural Climate Solution
aimed at offsetting GHG emissions.
This will be achieved through the protection, Gas from the Baleine field will be delivered to the domestic market (Image: Eni)

ADM wins injection against

NHNL over Barracuda oilfield

NIGERIA LONDON-LISTED junior ADM Energy has (OML) 141.
won an interim injunction against the Nige- The deal’s structure saw ADM acquire 51% of
rian firm Noble Hill-Network Lt (NHNL) in a Karra Oil Noble Hill (KONH), which, via a 70%
dispute over the Barracuda oil discovery in the interest in NHNL, holds a risk-sharing contract
Niger River Delta. covering Barracuda (North West OML 141),
ADM had struck a deal in April to acquire operated by Emerald Energy.
a material, indirect stake in the 73mn barrel oil NHNL notified KONH in November of a
discovery, located in Bayelsa state and covered dispute over its 70% stake in the firm. ADM and
by a risk-sharing contract carved out of Emerald KONH then began proceedings against NHNL
Energy Resources-operated Oil Mining Licence at the Federal High Court of Nigeria in Lagos.

P12 www. NEWSBASE .com Week 50 15•December•2021