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Eni Expands African Exploration Footprint with Major Discoveries in Ivory Coast, Angola

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African Energy Chamber

New discoveries in Ivory Coast and Angola reinforce Eni’s dual strategy of frontier exploration and near-field reserve growth in Africa

JOHANNESBURG, South Africa, February 17, 2026/APO Group/ –Energy major Eni continues to deliver on its exploration drive in Africa, announcing two major hydrocarbon discoveries in February 2026. In Ivory Coast, the company successfully drilled the Murene South-1X well in Block CI-501, confirming the Calao South discovery within the prolific Calao channel complex. Through its Angolan joint venture Azule Energy, the company also announced the Algaita-01 well in Block 15/06 – situated in the prolific Lower Congo Basin. Together, these milestones reflect a deliberate dual-track strategy for the company: opening new hydrocarbon frontiers while strengthening production capacity across Africa’s established markets.

 

As the voice of the African energy sector, the African Energy Chamber (AEC) commends Eni for its sustained commitment to African exploration. Large-scale discoveries in Ivory Coast and Angola are not only commercial wins – they are strategic victories for the continent. For emerging producers such as Ivory Coast, discoveries of this scale fast-track energy independence and domestic gas-to-power expansion. For mature producers such as Angola, they underpin production stability and fiscal resilience at a time when global capital is increasingly selective. As the company advances appraisal, testing and development planning, these discoveries have the potential to catalyze a new wave of upstream momentum across Africa’s hydrocarbon market.

Ivory Coast: Unlocking New Frontiers

Representing the first exploration well in Block CI-501, Eni’s recent Calao South discovery has estimated volumes of 5 trillion cubic feet of gas and 450 million barrels of condensate. Drilled in water depths of approximately 5,000 meters, the Murene South-1X well encountered high-quality Cenomanian sands with excellent petrophysical properties. The well will undergo a full drill stem test to assess production capacity, but the scale of resources already signals a potential game-changer for the Ivorian gas market.

Companies that continue to explore, invest and partner with African nations are driving real development and long-term energy security

Crucially, Calao South complements the fast-tracked Baleine Field development – led by Eni as operator. Currently producing over 62,000 barrels of oil and more than 75 million cubic feet of gas per day from Phases 1 and 2, Baleine is set to ramp up significantly under Phase 3, targeting 150,000 barrels of oil and 200 million cubic feet of gas per day. This phased development model demonstrates how exploration success can be rapidly converted into production, supporting domestic power generation and industrial demand while boosting export capacity.

Angola: Scaling-Up Production

Eni’s exploration drive extends beyond Africa’s frontier margins. In established markets such as Angola, the company continues to deliver successful exploration results, with its recent Algaita-01 well further validating the resource potential of Block 15/06 – one of Angola’s biggest producing assets. Drilled in 667 meters of water by the Saipem 12000 drillship, the well encountered oil-bearing sandstones across multiple Upper Miocene intervals, supported by comprehensive data acquisition and fluid sampling. Initial resource estimates measure 500 million barrels of oil, underscoring the growth potential of Angola’s mid-life assets.

What makes Algaita-01 particularly significant is its proximity to the Olombendo FPSO. The presence of existing infrastructure materially enhances development prospects, lowering capital intensity and accelerating time-to-market. This near-field exploration model exemplifies how incremental discoveries around established hubs can sustain production above one million barrels per day in Angola, even as legacy fields mature.

A Continental Exploration Drive

Eni’s Ivory Coast and Angola discoveries come as the company advances a bold exploration strategy across the broader African market. In North Africa, the company plans to invest up to €24 billion across Algeria, Libya and Egypt over the next four years, signaling a major boost for the regional market. Just this month, the company secured the offshore exploration License O1 following Libya’s 2025 open licensing round. Exploration coincides with an ambitious LNG drive in Africa, with projects such as Congo LNG – Phase 2 of which commenced in December 2025 – and Coral North – launched in October 2025 – underpinning its gas strategy.

“Eni’s recent discoveries in Ivory Coast and Angola send a powerful signal to the global market that Africa remains open, prospective and competitive. Oil and gas are not relics of the past for our continent – they are the foundation of industrialization, power generation and economic sovereignty. Companies that continue to explore, invest and partner with African nations are driving real development and long-term energy security,” states NJ Ayuk, Executive Chairman, AEC.

Distributed by APO Group on behalf of African Energy Chamber.

Energy

Venezuela Energy Week Confirms 19 August Date for Houston Industry Showcase

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Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the Houston Industry Showcase will take place on 19 August, convening U.S. energy leaders ahead of Venezuela Energy Week 2027 in Caracas

HOUSTON, United States of America, August 10, 2026/APO Group/ –The organizers of Venezuela Energy Week (VEW) have confirmed that the Houston Industry Showcase will take place on 19 August 2026 at The Post Oak Hotel. Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the event will bring together U.S. energy companies, investors and policymakers to explore commercial opportunities ahead of Venezuela Energy Week 2027 in Caracas in February.

The showcase will feature Minister of Hydrocarbons Paula Henao as a keynote speaker, providing an update on Venezuela’s energy priorities, investment agenda and opportunities for international partnership. Her participation underscores the country’s commitment to strengthening engagement with global industry as it seeks to expand production and unlock new upstream investment.

Bringing together exploration and production companies, independent operators, oilfield service providers, engineering firms, technology companies and financial institutions, the Houston Industry Showcase will examine opportunities across exploration, production optimization, infrastructure rehabilitation and field development.

As Venezuela works to increase oil and gas production, demand is expected to grow for the technical expertise of U.S. service providers in drilling, well intervention, completion services, production optimization, artificial lift, digital oilfield technologies and infrastructure rehabilitation. Houston-based industry leaders – including SLB, Halliburton, Baker Hughes, Weatherford and a broad network of EPC contractors, equipment manufacturers and specialized service companies – are well positioned to support the modernization of mature fields, improve operational efficiency and deliver the technologies and services needed for future upstream projects.

The Houston event follows a successful Industry Showcase in London, which brought together international investors, operators and energy service companies to explore Venezuela’s evolving investment landscape. Building on that momentum, the Houston edition will deepen engagement with the U.S. energy industry and strengthen commercial dialogue ahead of Venezuela Energy Week 2027.

Venezuela Energy Week – the country’s largest energy investment platform to date – has been confirmed for 22–25 February 2027 in Caracas. Organized by Energy Capital & Power, the event will bring together government leaders, investors and industry stakeholders from across the global energy value chain.

To register for the Houston Industry Showcase on August 19, visit https://apo-opa.co/4g0TncR. To learn more about delegate, sponsorship and partnership opportunities for the showcase or to secure your place at Venezuela Energy Week 2027 in Caracas, contact info@venezuelaenergyweek.com.

Supporting Venezuela’s Earthquake Recovery
Our thoughts are with the people and communities affected by the recent earthquakes in Venezuela. As the country begins the long process of recovery, we encourage members of the global energy community to support relief and reconstruction efforts through the CAF Recovery and Reconstruction Fund for Venezuela, which channels contributions from individuals, companies and organizations to emergency assistance, essential services and long-term rebuilding efforts.

To learn more or make a contribution, please visit the CAF Recovery and Reconstruction Fund for Venezuela (https://apo-opa.co/4hkvteE).

Distributed by APO Group on behalf of Energy Capital & Power.

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Energy Capital & Power Establishes London Entity, Expanding Global Platform for Energy and Mining Events

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Energy

The move strengthens ECP’s presence in the UK and Europe, and its ability to connect African and South American markets with global investors

LONDON, United Kingdom, August 6, 2026/APO Group/ –International events company Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) has officially established its UK entity in London, marking a milestone in the company’s growth strategy and reinforcing its ability to deliver world-class energy and mining events and campaigns in the UK and Europe.

By establishing a presence in a key hub like London – the pre-eminent energy and mining finance center – ECP actively shapes the global energy conversation. The expansion positions ECP to better serve clients, partners and investors seeking to develop business opportunities between Africa, Europe, the Americas and energy markets worldwide.

Opening our UK company brings ECP closer to key investors in the global energy finance capital

The milestone comes as ECP strengthens its reach through a series of investment platforms that connect global capital to energy and mining projects. These include the Venezuela Energy Week London Showcase on July 30 – with over 300 delegates registered – and the annual Invest in African Energy Forum, held in Paris as the premier event connecting global investors to Africa’s energy transformation.

ECP hosts high level summits and investor conferences in leading energy and minerals producing countries in Africa and South America, including: Venezuela Energy Week; Angola Oil & Gas; MSGBC Oil, Gas & Power; African Mining Week; Libya Energy & Economic Summit; Congo Energy & Investment Forum; South Sudan Oil & Power; and Caribbean Energy Week. The company has hosted investor forums and supported licensing round roadshows in Houston, London and Paris since 2016.

“Opening our UK company brings ECP closer to key investors in the global energy finance capital,” states CEO James Chester. “Having a permanent presence in London further cements our footprint in Europe, enabling us to fulfil our mission to bring minerals and energy investment to diverse global markets.”

With teams located across Africa, Europe and the Americas, ECP has long-facilitated strategic engagement, market intelligence and industry convening, uniting investors with leading energy and mining projects.

Distributed by APO Group on behalf of Energy Capital & Power.

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Guyana’s Next Wave of Offshore Projects Sets the Stage for Caribbean Energy Week Launch

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Etu Energias

The Caribbean Energy Week 2027 launch in Georgetown on September 1 will highlight the multi-billion-dollar developments driving Guyana toward 1.7 million bpd and creating new opportunities across the energy value chain

GEORGETOWN, Guyana, August 6, 2026/APO Group/ –Guyana’s rapidly expanding offshore development pipeline will take center stage when government officials, operators, investors and service providers gather in Georgetown on September 1 for the official launch of Caribbean Energy Week 2027. As the country advances a series of multi-billion-dollar developments across the Stabroek Block, the launch event will provide an early look at the projects, partnerships and investment opportunities expected to define Guyana’s next phase of growth.

 

With more than 30 discoveries made to date and multiple projects under construction or progressing through development, Guyana is targeting oil production of 1.3 million bpd by the end of 2027 and 1.7 million bpd by 2030, up from approximately 900,000-910,000 bpd today. As exploration success transitions into long-term production growth, opportunities are expanding across upstream development, offshore infrastructure, engineering, logistics and oilfield services.

Among the most significant near-term milestones is the Uaru development, ExxonMobil’s fifth sanctioned project offshore Guyana, which is expected to achieve first oil in 2026. The $12.7 billion development will produce up to 250,000 bpd from approximately 800 million barrels of recoverable resources across the Uaru, Mako and Snoek fields, utilizing up to 76 development wells and an FPSO with storage capacity of two million barrels.

Production capacity will expand further through the Whiptail development, ExxonMobil’s sixth sanctioned project in Guyana. Targeting first oil in late 2027 or early 2028, the $12.7 billion project will unlock approximately 850 million barrels across the Whiptail, Pinktail and Tilapia fields through up to 72 development wells. Designed to produce 250,000 bpd, the development will utilize the Jaguar FPSO currently under construction by SBM Offshore.

Looking beyond the current construction pipeline, Guyana is already advancing the projects expected to sustain production growth toward its 2030 target. The Hammerhead development, approved in 2025, is expected to commence production in 2029 with capacity of 150,000 bpd, while the proposed Longtail development would combine the Longtail, Tripletail and Turbot discoveries into one of the country’s largest integrated offshore developments, with planned production of 1.5 billion cubic feet of gas per day and 290,000 bpd of condensate.

These projects illustrate the scale of Guyana’s long-term development pipeline and the breadth of opportunities emerging across the energy value chain. Beyond offshore production, continued investment will be required across subsea systems, floating production infrastructure, drilling, marine logistics, engineering services, gas infrastructure and local content development as successive projects move toward execution.

Caribbean Energy Week 2027 will host its in-country launch at the Guyana Marriott Hotel in Georgetown on September 1, 2026, bringing together government officials, investors, operators and industry stakeholders for an early look at the opportunities, priorities and partnerships that will shape the region’s energy future. To register, please visit https://apo-opa.co/4cql5i3

 

Distributed by APO Group on behalf of Energy Capital & Power.

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