In 2017, expected production growth to a record of 1.84million boe/d (up by 4.5%) leveraging on the development of our portfolio of projects.
After development is complete, production activities begin in which hydrocarbons are extracted from the reservoir, refined and sent to market by pipeline or ship. During the productive life, which can last decades, the reservoirs are continuously monitored, with interventions made at the wells to optimise production. In some cases advanced recovery projects are initiated, with the injection of gas or water to increase the amount of recoverable hydrocarbons.
In 2016, oil and natural gas production averaged 1,759 kboe/d, in line with 2015, in spite of Val d’Agri shutdown. New fields’ startups and production ramp-ups at fields started up in 2015 mainly in Angola, Egypt, Kazakhstan, Norway and Venezuela as well as increased production in Iraq were partly offset by planned facilities downtime, mainly in the United Kingdom, and the mature fields declines. The share of oil and natural gas produced outside Italy was 92% (90% in the full-year 2015). Liquids production (878 kbbl/d) decreased by 30 kbbl/d, or 3.3%, due to the production shutdown in the Val d’Agri profit center, planned facilities downtime and the mature fields decline. These negatives were partially offset by new fields start-ups and production ramp-ups in particular in Angola, Kazakhstan and Norway as well as higher production in Iraq.
Hydrocarbon production in 2016 remained unchanged and increased sales.
Natural gas production (4,807 mmcf/d) increased by 126 mmcf/d, or 2.3%. Higher production in Egypt and Venezuela were partially offset by planned facilities downtime and the decline of mature fields. Oil and gas production sold amounted to 608.6 mmboe. The 35.2 mmboe difference over production (643.8 mmboe) reflected volumes of natural gas consumed in operations (32.1 mmboe), changes in inventories and other factors. Approximately 68% of liquids production sold (320 mmbbl) was destined to Eni’s middownstream sectors. About 22% of natural gas production sold (1,574 bcf) was destined to Eni’s Gas & Power segment. In 2016, oil spills from operations reported a decrease of 13% compared to the previous year. The best improvement was reported in Nigeria due to the revamping of industrial installations.
Productive wells In 2016, oil and gas productive wells were 9,399 (3,737.6 of which represented Eni’s share). In particular, oil productive wells were 6,673 (2,494.7 of which represented Eni’s share); natural gas productive wells amounted to 2,726 (1,242.9 of which represented Eni’s share).
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