Exploration and Development

Exploration activities

In 2008, Eni invested €1,918 million in executing an extensive exploratory program, up 13.2% from 2007 in well established areas.
The activities of the year resulted in the completion of 111 exploratory wells (58 net to Eni) with a commercial rate of success of 36.5% (43.4%  net to Eni).A further 21 wells were in progress as of the year end.
The main discoveries were achieved in Angola, Australia, Congo, Croatia, Egypt, the Gulf of Mexico, Italy, Libya, Norway, Pakistan, Tunisia and the United Kingdom.

Eni's exploratory portfolio has been strengthened by acquiring new acreage in Angola, Algeria, Alaska, Gabon, the Gulf of Mexico, Indonesia, Norway and the United Kingdom as part of Eni's strategy of focusing in core areas.

The new acquired acreage extends for 57,361 square kilometres (net to Eni, 99% operated).