Eni Cote D'Ivoire Limited
Non-trading company · London
ActiveUnited KingdomIncorporated 1990Private Limited Company
Financial position
Accounts to 2025-12-31 · USD · Company accounts
Net assets
—
Cash
USD 54,418,000
Turnover
USD 1,183,148,000
Profit / loss
−USD 17,582,000
Current assets
USD 709,738,000
Creditors < 1 year
USD 2,071,785,000
Equity
USD 395,446,000
Average employees
145
Balance-sheet trend
USD · companyFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2025-12-31Company · AI-read | 2024-12-31Company · AI-read |
|---|---|---|
| Balance sheet | ||
| Equity | USD 395,446,000 | USD 193,028,000 |
| Share capital | USD 220,000,000 | — |
| Retained earnings | −USD 182,624,000 | −USD 165,042,000 |
| Assets | ||
| Fixed assets | USD 2,947,472,000 | USD 4,804,598,000 |
| Intangible assets | USD 27,827,000 | USD 29,317,000 |
| Property, plant & equipment | USD 2,217,142,000 | USD 3,983,644,000 |
| Current assets | USD 709,738,000 | USD 204,678,000 |
| Cash at bank | USD 54,418,000 | USD 24,226,000 |
| Debtors | USD 126,479,000 | USD 102,048,000 |
| Stock | USD 52,612,000 | USD 78,404,000 |
| Liabilities | ||
| Creditors | USD 3,261,764,000 | USD 4,816,248,000 |
| Creditors within one year | USD 2,071,785,000 | USD 1,402,130,000 |
| Creditors after one year | USD 1,189,979,000 | USD 3,414,118,000 |
| Provisions | USD 77,306,000 | USD 137,116,000 |
| Capital commitments | USD 216,200,000 | USD 651,000,000 |
| Profit & loss | ||
| Turnover | USD 1,183,148,000 | USD 505,677,000 |
| Other operating income | USD 11,269,000 | — |
| Operating profit | USD 189,033,000 | USD 162,606,000 |
| Interest receivable | USD 11,307,000 | USD 25,795,000 |
| Interest payable | USD 228,139,000 | USD 106,173,000 |
| Profit before tax | −USD 27,799,000 | USD 82,228,000 |
| Tax | −USD 10,217,000 | USD 22,535,000 |
| Profit / loss | −USD 17,582,000 | USD 59,693,000 |
| People & pay | ||
| Average employees | 145 | 140 |
| Staff costs | USD 13,799,000 | USD 9,330,000 |
| Wages & salaries | USD 13,076,000 | USD 8,684,000 |
| Social security costs | USD 723,000 | USD 646,000 |
| Directors' remuneration | USD 451,000 | USD 247,000 |
| Source evidence | View filing | View filing |
From the accounts
What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.
- Comparatives
- Prior-year figures were restated
- Principal activity
- The company is engaged in the exploration and development of oil and gas in the Republic of Cote d’Ivoire, where it operates through a branch.
- What it does
- oil and gas exploration · oil and gas development · oil and gas production · hydrocarbon liquids · gas (AI keywords)
- Outlook
- The company will continue its activities in the exploration for and the production of oil and gas in Cote d’Ivoire.
- Auditor
- PricewaterhouseCoopers LLP · senior statutory auditor Timothy McAllister
- Audit opinion
- Clean (unmodified)
- Accounts
- Full accounts · FRS 101
- Approved
- 2026-06-17, signed by C. Porretta-Serapiglia
Turnover by segment (4)
- Oil: 1,081,292 (000s) (2025-12-31)
- Gas: 101,856 (000s) (2025-12-31)
- Oil: 475,560 (000s) (2024-12-31)
- Gas: 30,117 (000s) (2024-12-31)
Related parties (2)
- Group companies · Group companies · Revenue · 1,021,739 (000s)
- Group companies · Group companies · Revenue · 450,960 (000s)
Disposals (1)
- State Oil Company of the Republic of Azerbaijan (‘SOCAR’) · 10% · 2026-01-21 · a base amount of $315 million, plus an additional amount calculated at the agreed rate on a non-compounding basis from the economic date to completion, together with a price adjustment amount determined in accordance with the agreement. (m)
Shares issued in the year (1)
- 164,230,000 ordinary shares of £1 each · for $220.0 million · 2025-12-19
Directors' report (2)
- M Giusto · resigned 2025-06-06
- C Porretta-Serapiglia · appointed 2025-06-06
Share classes (2)
- 164,230,001 £1 ordinary equity share of £1
- 1 £1 ordinary equity share of £1
Principal risks (5)
- price risk
- foreign currency risk
- interest rate risk
- credit risk
- liquidity risk
Events after the year end (2)
- On 16 February 2026, the Eni Group announced a significant gas and condensate discovery in Cote d’Ivoire following the successful drilling of the Murene South-1X exploration well in Block CI-501. The discovery, named Calao South, confirms the potential of the Calao channel complex and represents the second largest hydrocarbon discovery in the country after Baleine.
- On 21 January 2026, the company signed a binding agreement with SOCAR for the sale of a 10% participating interest in Blocks CI-101, CI-802, CI-401 and CI-801. The transaction is subject to customary approvals and is expected to complete in the second quarter of 2026.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
0 outstanding chargesNo charges available in our records.