How we operate
The energy world is changing
How is Eni responding: strategy, environmental redevelopment, investments.
Our strategic objectives
Creating value not only means guaranteeing financial stability but also and especially social and environmental sustainability. The challenging scenario we are witnessing today – falling oil prices and the sharp drop of gas consumption in Europe – has forced us to shift course in order to guarantee growth and increase value. Today we are an energy company committed to transformation and this has resulted in a reorganisation of the mid-downstream, a strengthening of the upstream, more investment in research and technology and the beginning of a decarbonisation process.
We are an energy company. We are working to build a future where everyone can access energy resources efficiently and sustainably. Our work is based on passion and innovation, on our unique strengths and skills, on the quality of our people and in recognising that diversity across all aspects of our operations and organisation is something to be cherished. We believe in the value of long term partnerships with the countries and communities where we operate.
ENI MISSION
The growth potential of our operations
We operate in 73 countries around the world, focusing on the exploration, development, production and sale of oil and natural gas. With more than 3.4 billion boe discovered over the past three years, we are still best in class for exploration. However, our business model is becoming increasingly integrated and sustainable and we aim to eliminate gas flaring by 2025.
#EniRecord
Seven projects were completed well in advance of our forecasts: the West Hub and East Hub in Angola; Nené Marine in the Republic of Congo; Zohr and Nooros in Egypt; OCTP in Ghana; and Jangkrik in Indonesia.
Perfect integration
With the increasing integration of upstream and Mid-downstream and due to the massive amount of gas we have discovered, we are turning into a gas and power company with an evolving model that is still tied to retail but linked to Upstream.
Energy transition
Our objectives are to give everyone access to energy resources in an efficient and sustainable way and guarantee the gradual and economically sustainable replacement of high-carbon sources with much cleaner ones.
Progetto Italia
During our industrial restructuring process, some of the reclaimed land will be used for new projects in order to produce energy from renewable sources. We aim to create a new industrial course.
2017: an excellent year
Net profit of €2.4bn and record production of 1.82m boe per day.
The energy mix: natural gas and renewables
Gas is the best possible partner for renewables during the transition to sustainable energy. Our model is based on three elements: decarbonisation, gas advocacy and renewable energy. Currently, 58 per cent of our portfolio offers gas-related plans.
Environment first
We place a strong emphasis on our commitment to land reclamation and that is precisely why we created a company, Syndial, to implement environmental redevelopment. We consider protection and preservation of the land to be extremely important and are committed to cleaning up the sites where we operate.
Performance and investments
Our performance levels and achievements were inextricably linked to reconfiguring the company’s business model.
Find out more on enipedia
Our 2017 achievements and 2018-21 strategy.
