Exploration is a key factor for the growth of our value. Over the past eight years, we have discovered 11.9 billion barrels of resources. In the period 2016-19, we expect to see growth of more than 3 per cent per year in hydrocarbon production.
Performance and investment in 2016 in the Exploration & Production sector.
We are always looking for sources for our energy. Discovered 1.1 billion boe of additional resources at a cost of 0.6 $/boe. Additions to the Company’s resources backlog were 3.4 billion boe in the latest 3 years, at a cost of 1 $/boe.
We are active in the exploration, development and extraction of oil and natural gas, primarily in Italy, Algeria, Angola, Congo, Egypt, Ghana, Libya, Mozambique, Nigeria, Norway, Kazakhstan, United Kingdom, United States and Venezuela.
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