The FPSO Florence will enable the start-up of production from the Baleine field, currently the largest hydrocarbon discovery in Côte d’Ivoire, with an estimated 2.5 billion barrels of oil in place and 3.3 trillion cubic feet of associated gas. The Baleine development is also expected to become Africa’s first net-zero upstream project. Upon its arrival in Ivory Coast, the vessel will be renamed FPSO Baleine. The unit has been refurbished and upgraded to process up to 15,000 barrels of oil per day (bbl/d) and approximately 25 million standard cubic feet per day (MMscf/d) of associated gas. All produced gas will be transported onshore through a newly constructed export pipeline.

The Rijeka Refinery, located in Urinj, Croatia, is an oil refinery that processes crude oil to produce fuels and refined petroleum products. The plant has undergone a major modernization project worth approximately €700 million, aimed at the construction of a Delayed Coking Unit and associated facilities. The project enables the refinery to process a wider range of crude oils, including heavier grades, with a capacity of up to approximately 4 million tonnes per year.