The bonds will enable Eni to maintain a well-balanced financial structure in terms of short term and medium/long-term debt, and may be listed on regulated markets
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.
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
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
Eni announces a significant hydrocarbon discovery in the UK sector of the Central North Sea
Eni announces the successful results of the Perla-4 appraisal well, located in the Cardón IV Block in the shallow water of the Gulf of Venezuela.
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."
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.
For the third year running, Eni ranks first in the European H&H Webranking Survey for online financial communications