The Sherpa Signal · 2026-07-30 HEAVYWEIGHT CLUSTER

$910 million fuels offshore and biofuel expansion

Supply agreement for offshore development and biofuel project in Ivory Coast

Saipem secures two contracts from Eni worth $910 million for Baleine Phase 3 offshore development and biofuel production expansion

Eni BuyerSaipem SupplierEni Côte d'Ivoire Buyer
Deal value
$910M
Country
Ivory Coast
Announced
2026-07-27
KEY FACTS
TypeSupply Agreement
Value$910M
SectorOil Gas
CountryIvory Coast
Announced2026-07-27
THE PARTIES
EniBuyer
Eni Côte d'IvoireBuyer
SaipemSupplier
Standout $910M Oil Gas supply agreement
Sherpa analysis

Eni is expanding offshore oil output while locking in biofuel capacity, confirming a dual-track growth model in West Africa. The contracts, timed with Ivory Coast’s energy push, give Saipem a preferred role in integrated projects and should boost E’s upstream earnings profile.

Parties

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