The parties agreed to collaborate on the study of initiatives in conventional and unconventional oil and gas on the basis of a mutual sharing of data, competencies and technology.
Convening of the annual Shareholders' MeetingConsolidated net profit for the year: €6.32 billion; net profit of the parent company: €6.18 billionProposed dividend per share of €1.00
High production growth: > 3% CAGR to 2014Gas sales in Italy and key European markets: +5% CAGR to 2014R&M efficiency program: new target of €200 mln by 2014Sound financial position and sustainable dividend in a 70$/bl scenario
Adjusted operating profit: €4.74 billion in the quarter (up 28%); €17.3 billion for the full year (up 31.9%).Net profit: €0.55 billion in the quarter (up 40.2%); €6.32 billion for the full year (up 44.7%).Dividend proposal for the full year of €1.00 per share (includes an interim dividend of €0.50 per share paid in September 2010). Paolo Scaroni, Chief Executive Officer, commented:"In 2010, Eni delivered operating and financial results which rank among the best in its peer group. In E&P, where we reported record production, we paved the way for future growth thanks to our entry into new countries, including Togo, Democratic Republic of Congo and Poland. We also strengthened our position in established areas of operation, such as Venezuela and Iraq, where we expect high productive potential. Thanks to our excellent strategic positioning, Eni will continue to generate industry-leading results, and create value for its shareholders."
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16 February 2011 - 7:45 AM CET
press release
Business meetings and agreements | Natural resources
Today's agreements are part of the strategic partnership signed between Eni and Gazprom in 2006 which envisages the commitment of both parties to jointly develop project in the entire gas chain. In the framework of this partnership, both parties launched South Stream pipeline project started and Eni entered Russia's upstream sector.
Three scholarships will be made available to students applying from Angola, Ghana and Nigeria for a selected number of programmes which include a geopolitical or energy related offering through St Antony's College
The field, which is Eni's first operated Arctic project, is 100% owned and operated by Eni with recoverable reserves estimated at 220 million barrels of oil. Nikaitchuq is expected to produce for over 30 years with peak production of 28,000 barrels of oil per day.
This award represents a further step for Eni in strengthening its presence in Angola and reinforces its commitment to deepwater developments. The technological complexity of these frontier projects requires specific skills and expertise which are key factors in the company’s success.
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