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    Eni, Cote d'Ivoire mull net-zero oil and gas development

Summary

The Italian company also signed a sweeping agreement meant to help decarbonise the Ivorian economy.

by: Daniel Graeber

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Complimentary, Natural Gas & LNG News, Africa, Carbon, Corporate, Exploration & Production, Companies, Europe, Eni, Political, Ministries, News By Country, Cote d'Ivoire

Eni, Cote d'Ivoire mull net-zero oil and gas development

Italian energy company Eni said December 10 it had discussed what could be the first net-zero oil and gas development in Africa with Ivorian president Allasane Outtara.

Ouattara met with Eni CEO Claudio Descalzi to review the development of the Baleine discovery off Cote d’Ivoire. Eni said this would be the first net-zero development for Scope 1 and Scope 2 emissions in Africa.

Eni estimates that Baleine could hold contain in-place resources of more than 2bn barrels of oil and 2.4 trillion ft3 of associated natural gas.

The Italian company said it committed to a development strategy that puts phase 1 operations in service by 2023.

“The project will leverage the best available technologies to minimise greenhouse gas emissions, implementing high efficiency plant solutions, process energy recovery and the reduction and control of fugitive emissions,” the Italian company said.

In conjunction with the development plan, Eni and the Ivorian government signed a sweeping memorandum of understanding that aims to offset emissions through the restoration of degraded ecosystems and the use of natural waste and used cooking oil for a feedstock for refineries that can produce biomethane.