The acquisition therefore represents a naturalenhancement to Eni's UK North Sea portfolio, and provides short and long termproduction benefit from assets well known to the company
The Oil and Gas Authority (OGA) is pleased to announce it has awarded a carbon dioxide (CO2) appraisal and storage licence (CS licence) to Eni UK.
Rome, April 27, 2012 - Eni, the international oil and gas company, today announces its group results for the first quarter of 20121 (unaudited).
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."
Eni announces a significant hydrocarbon discovery in the UK sector of the Central North Sea
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).
Adjusted net profit: €3.63 billion in the first half (up 4%); €1.44 billion in the quarter (down 14%).Net profit: €3.8 billion in the first half (down 6%); €1.25 billion in the quarter (down 31%).Interim dividend proposal of €0.52 per share.