Cote D'Ivoire (Ivory Coast)petroci.ci
Its role Investor / Financier
Société Nationale d'Opérations Pétrolières de la Côte d'Ivoire (Petroci) is the state-owned national oil company of Côte d’Ivoire. Headquartered in Abidjan, it manages the government’s interests in the hydrocarbons sector and participates in exploration and production across onshore and offshore basins through production-sharing and joint-venture arrangements with international partners.
Beyond upstream activities, Petroci is involved in midstream and related services that support the country’s energy system, including natural gas development and associated infrastructure such as gathering, processing, storage, and pipelines to supply industry and power generation. Operating through specialized subsidiaries, the company focuses on developing domestic resources, securing supply, and advancing projects in collaboration with regional and global operators.
Also known as Petroci Holding.
chemXplore tracks 1 project involving Petroci, of which one is active.
Deals cover a 50/50 PSA for unconventional hydrocarbons, Absheron FID, LNG export options for Haynesville gas, cloud operator appointment and a 10% Baleine stake.
Eight offshore exploratory blocks in Ivory Coast assigned; operator holds 90% and the state firm 10%.
Adds a 10% interest in the Baleine offshore field; discovered 2021, production began 2023. Project is billed as Africa’s first net‑zero offshore oil and gas development.
Revenue $2.76bn; net income $363m; Subsea inbound $2.5bn; cash from operations $548m and free cash flow $488m; $440m returned to shareholders.
Double-digit underlying production growth, new JV and project FIDs, entry into critical minerals, and a larger share buyback with slightly higher 2026 production guidance.
Two awards cover Baleine Phase 3 offshore pipelines and subsea systems, and an EPC deoxygenation unit at the Venice biorefinery to boost HVO output.
Design and manufacture flexible flowlines and risers to tie wells in ~1,200 m water depth to a new floating production unit for a fast‑track expansion offshore Côte d’Ivoire.
EPCIC deal covers FEED-through-delivery for Baleine Phase 3 FPSO to operate in 800–1,200 m depth; 90,000 bbl/d oil and 160 MMSCFD gas capacity.
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