ENI's Major Oil Discoveries and Investments in Africa to Secure Energy Markets
In early 2026, ENI solidifies its position as Africa's leading oil and gas operator with significant discoveries and investments. Notable findings include 5 trillion cubic feet of gas and 450 million barrels of condensate in Côte d'Ivoire and 500 million barrels of oil in Angola. ENI's strategy includes increasing LNG production in Mozambique and Congo, investing $26 billion in North Africa, and partnering with Vitol for further exploration. Over 50% of ENI's production now comes from Africa, highlighting its commitment to the continent's energy sector.
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ENI confirmed its status as the top oil and gas operator in Africa in early 2026, announcing two major hydrocarbon discoveries. In February 2026, the company reported finding 5 trillion cubic feet of gas and 450 million barrels of condensate at the Murene South-1X well in Côte d'Ivoire.
Concurrently, it announced a 500 million barrel oil discovery at the Algaita-01 well in Angola through its joint venture, Azule Energy. ENI is also expanding LNG production in Mozambique and Congo, with a $26 billion investment planned for Algeria, Libya, and Egypt. More than 50% of ENI's production now comes from Africa, emphasizing its strategic focus on the continent.
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