Our Upstream operation includes all oil and gas production-chain activities prior to the transportation and commercialisation stages, including obtaining exploitation rights, exploration, development and production. Our operating model is designed to incorporate all these stages while increasing both speed and productivity, enabling us to respond more quickly to global energy needs. We use proprietary technologies and specialised skills to detect new deposits with great speed and precision, identifying 0.8 billion of reserves or resources at near-field prospects (i.e. Egypt, Algeria, Angola, Nigeria, Ghana and Norway) and in frontier basins (Vietnam and Indonesia), and achieving record production levels of 1.87 million barrels of oil equivalent per day.
The field must be put into production to retrieve the hydrocarbons. This involves drilling an optimal number of production wells and installing the necessary equipment to remove any unwanted components (such as solid particles, water, salts, etc) from the gas and oil, as well as to separate the liquid phase of the oil from the gas phase. Development operations at sea are more complex, with production wells being drilled from various kinds of fixed platforms (steel, concrete, semi-submersible or even anchored with cables) that are often extremely large and channelled in such a way as to drain the largest possible area from a single station.
Following the development stage, production operations involve hydrocarbons being extracted from the deposit, processed at plants and sent to market by pipeline or ship. The productive life of a deposit can extend for decades. During this time it will be continuously monitored, with work carried out within the wells to optimise production. This sometimes includes advanced recovery projects that involve injecting gas or water to increase the quantity of hydrocarbons that can be retrieved.
Everything we do from the exploration phase onwards is in preparation for the final production stage, including incorporating research carried out by Eni laboratories and the analytical capabilities of the HPC5 supercomputer to obtain a preview of the deposit and make an immediate start on planning the development stage. The field is then gradually brought into production so the new infrastructures can be incorporated and production capacity increased. The ability to begin quick exploration and extraction from the site allows us to provide a rapid response to the ever-growing energydemand. With this in mind, the Dual Exploration Model – whereby we sell minority shares in deposits that are already at the exploration stage – allows us to generate funds in advance. These can be reinvested, making the process even more efficient.
A platform from the Gulf of Mexico can be recovered and reused in Congo. A ship can be completely redeveloped in Singapore and become the technological centre of a large offshore hub anchored to the ocean floor in Angola. The circular economy is one of the values on which our Upstream operations are based, with every asset considered to be precious and every resource something to nurture. Eni has cut gas flaring by 45 per cent over the past decade, making it available on the market, and we plan to bring levels down to zero by 2025.
This website uses cookies to show you adverts and offer you services customised according to the preferences you have shown while browsing online. For further information please refer to our cookie policy.
THIS WEBSITE (AND THE INFORMATION CONTAINED HEREIN) DOES NOT CONTAIN OR CONSTITUTE AN OFFER OF SECURITIES FOR SALE, OR SOLICITATION OF AN OFFER TO PURCHASE SECURITIES OR IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR FOR THE ACCOUNT OR BENEFIT OF ANY U.S. PERSON AS THAT TERM IS DEFINED IN THE SECURITIES ACT (A "U.S. PERSON"), AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE SUCH AN OFFER OR SOLICITATION WOULD REQUIRE THE APPROVAL OF LOCAL AUTHORITIES OR OTHERWISE BE UNLAWFUL (THE "OTHER COUNTRIES"). THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR PURSUANT TO THE CORRESPONDING REGULATIONS IN FORCE IN AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR THE “OTHER COUNTRIES” AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO A U.S. PERSON UNLESS THE SECURITIES ARE REGISTERED UNDER THE SECURITIES ACT, OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT IS AVAILABLE. NO PUBLIC OFFERING OF SUCH SECURITIES IS INTENDED TO BE MADE IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR IN THE “OTHER COUNTRIES.”
In any Member State of the European Economic Area ("EEA"), the information contained in this website is only directed at and may only be communicated to persons who are "qualified investors" ("Qualified Investors") within the meaning of Article 2(e) of Regulation (EU) 2017/1129 (the "Prospectus Regulation").
The information to which this website gives access is directed only at persons (i) who are persons falling within Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations etc.") of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (ii) who have professional experience in matters relating to investments falling within Article 19(5) of the Order or (iii) to whom it may otherwise lawfully be communicated (all such persons together being referred to as "relevant persons"). Any investment or investment activity to which this communication relates is only available to relevant persons and will be engaged in only with relevant persons, or in the EEA, with Qualified Investors. Any person who is not a relevant person, a Qualified Investor or otherwise permitted under applicable law or regulation to access the information, should not act or rely on the information contained herein.
Confirmation of Understanding and Acceptance of Disclaimer
These materials are for informational purposes only and are not directed to, nor are they intended for, access by persons located or resident in the United States, Australia, Canada, Japan or South Africa or any of the Other Countries. I certify that:
I am not resident of, or located in, the United States, Australia, Canada, Japan or South Africa or any of the Other Countries or I am not a U.S. Person; or
If I am a resident of, or located in, the EEA, I am a Qualified Investor within the meaning of Article 2(e) of the Prospectus Regulation; or
If I am a resident of, or located in, the United Kingdom, I am a Qualified Investor and a relevant person.
I have read and understood the disclaimer set out above. I understand that it may affect my rights. I agree to be bound by its terms and I am permitted under applicable law and regulations to proceed to the following parts of this website.
WARNING: the above certification constitutes a "self-certification" pursuant to Decree of the President of the Italian Republic No. 445 of 28 December 2000. False certifications are punishable by law.