The restart of gas production from the offshore platform of Sabratha is another important step in progressively restoring production activities in all fields in Libya
Snapshot:Oil demand: + 3.4% in 2010 vs 2009, sustained by non-OECD countriesWorld oil production: +2.3% globally; -8.1% in Europe 2010 vs 2009Gas consumption: + 7.5% vs 2009In 2010 Russia regained its leading position in natural gas productionRefineries average utilization rates at 80%
Adjusted operating profit: €4.61 billion in the quarter (up 12%); €13.71 billion in the nine months (up 9%);Hydrocarbon production still affected by the Libyan disruptions: down by 13.6% in the third quarter of 2011 to 1.47 mmboe/d (down by 12.4% in the nine months). When excluding price effects and the impact of lower Libyan output, production for the quarter was unchanged (down 0.8% in the nine months).
The discovery of gas made in the exploratory prospectus of Mamba South 1 is about 50% larger than what announced by the Company on October 20th.
The research on "Anti-corruption and the private sector - the role of corporate anti-bribery programs", will be conducted by experts from Eni’s legal department and five academic institutions coordinated by ISPAC.
The Mamba South 1 discovery well is located in water depths of 1585 meters approximately 40 km off Cabo Delgado coast, in the Northern offshore of Mozambique. This is the first exploration well in Area 4.
The two participants examined the ongoing situation and the prospects of cooperation development in the oil & gas sector.
The volumes of gas shipped during the testing period mark the preliminary restart of the pipeline operations after eight months of stoppages due to the conflict in Libya.
The Kitan start-up further cements Eni's growth plans in the region in the wake of recent asset acquisitions offshore of Australia, the latest record of important discoveries offshore of Indonesia and the Company's initiatives in unconventional gas in Indonesia and China.
Eni has been present in Congo since 1968. In 2010, production averaged 110 kboe/d net to Eni.