Chemical industry in Cote D'Ivoire (Ivory Coast)

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.

Drillship Santorini set for long-term development drilling with firm commitment, optional extensions and possible work in neighbouring countries; operations start early 2027.

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.

Phase 3 lifts oil from 60k to 150k bpd and gas from 80 to 200 MMcf/d. New FPSO. All gas for domestic power/industry. Phased fast‑track development to boost energy security and local growth