Page 22 - EniFor2016_Report_eng

20 Eni for 2016 | Path to decarbonization

| Commitment to energy efficiency

Commitment continued in 2016 The upstream sector contributes of gas compression and fuel
to improve energy performance more with nearly 200 ktoe/year consumption.
in the production processes. (equivalent to approximately 450 The adoption of ISO 50001
Works carried out during the ktCO /year) of savings thanks to certified energy management
2
year expect to achieve savings the optimization of production systems has gradually spread
of approximately 231 ktoe/year and logistics processes and across Eni companies (+38%
(equivalent to 541 tCO /year). especially the rationalization compared to 2015).
2

A new oil for high-efficiency gas turbines has been developed in collaboration with General Electrics (GE).
Its use will allow Eni to save 22 Mm /year of gas and lower CO emissions by 44,000 tons/year.
3
2
The product’s characteristics have been laboratory tested and validated under actual operation, obtaining
the manufacturer’s (GE) approval for specific models of turbomachinery.

| Low carbon portfolio and natural gas promotion

Eni’s strategy focuses on of 1.759 kboe/d and almost all exploit synergies with existing
the organic growth and the resource base of 39 billion facilities.
development of conventional barrels. Eni has decided not to In combination with the focus
assets that ensure a low invest in projects with a high on simple and modular projects,
break-even price for new CO content, such as tar sands, to maximize flexibility and
2
projects. Conventional preferring instead conventional optimize expenditure and
hydrocarbons represent 99% resources and, where possible, exposure, Eni has managed to
of the equity production in 2016 Near Field resources in order to bring the average break-even

˛ Average break-even price of new projects
$/boe

45 45 30 30

2013 2014 2015 2016