ENI COTE D'IVOIRE LIMITED

1. ENI COTE D'IVOIRE LIMITED 2016-12-08 → present
2. ENI IVORY COAST LIMITED 2014-12-16 → 2016-12-08
3. ENI BBI LIMITED 2003-04-10 → 2014-12-16
4. AGIP (BBI) LIMITED 2000-12-14 → 2003-04-10
5. BRITISH-BORNEO INTERNATIONAL LIMITED 1990-11-08 → 2000-12-14

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“For the purposes of assessing whether 'going concern' is an appropriate basis for preparing the financial statements, the directors reviewed the company's cash flow forecasts and projections, taking into account reasonably possible changes in trading performance. The company has a net current liability position of $1,197.5 million as of 31 December 2024 (2023: $157.3 million) and a cash and cash equivalents balance of $24.2 million (2023: $47.3 million). The company has obtained confirmation from its intermediate parent company Eni Investments Plc, that it will provide adequate financial support to enable the company to meet its obligations for a period of at least one year from the date of approval of these financial statements. As a result, the directors are satisfied that the company has adequate financial resources, including access to Eni group financial resources, to continue to operate for the foreseeable future and meet its obligations as they fall due. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.”

Significant events

• “On 31 December 2024, the company signed a new Production Sharing Agreement ('PSA') with the Government of Côte d'Ivoire for four additional blocks: CI-504, CI-526, CI-706, and CI-708.”
• “First Oil for Baleine Phase 2 was successfully achieved on 28 December 2024, with operations commencing safely and without major issues.”
• “Post start-up, oil transfer from the FPSO to the Floating Storage Offloading (FSO) unit commenced on 2 January 2025.”
• “On 26 March 2025, the company announced that it entered into an agreement with Vitol CDI B.V. ("Vitol") for the sale of interests in blocks CI-101, CI-802, CI-801 and CI-401 of the Baleine project in Côte d'Ivoire, with effect from 1 January 2024.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

9

last 12 months

Capital events

1

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +356.5%

  £78,633,803 → £358,958,488

• Cash

  -48.8%

  £35,047,443 → £17,958,488

• Net assets

  +44.8%

  £98,839,881 → £143,089,696

• Employees

  +33.3%

  105 → 140

• Operating profit

  +449.1%

  -£34,524,092 → £120,538,176

• Profit before tax

  +198.4%

  -£61,931,801 → £60,954,781

• Wages

  +93.1%

  £3,333,580 → £6,437,361

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers