Our responsible and sustainable approach to energy transition.
Creating value not only means guaranteeing financial stability but also and especially social and environmental sustainability. In the past five years we have been rapidly delivering a strategy of transformation that was designed to enhance our business model by increasing production and finding new ways to diversify our company. We have built a new Eni based on efficiency, integration and deployment of new technologies. Technology deployment will play a very strategic role in all sectors in the next four years. It will contribute to Eni’s worldwide operational excellence, enhancing and pursuing the decarbonization of all activities within the company, and implementing the improved industrial efficiency using a circular economy model
We work in 67 different countries across the world – searching for, developing, producing and selling oil and gas. In 2018, we reached a new hydrocarbon production record of 1.85 million barrels a day and confirmed our leading position in the field of exploration. But our business model is increasingly integrated and sustainable. As a first step, we aim to eliminate net Upstream emissions by the end of 2030.
Development projects in the Middle East, Norway and Mexico are increasing our opportunities, both in terms of start-up speeds and future resources. The potential of these new areas is helping Eni to diversify geographically.
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.
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.
Our plan is to develop initiatives based on the concept of a circular economy, aiming to extract new energy or create new products or materials from waste and biomass and to give new life to abandoned and newly restored assets.
Gas is the best possible partner for renewables in the transition towards a sustainable energy future. Our hydrocarbon portfolio has a high proportion of natural gas (over 50 per cent), providing a stepping-stone towards a low-emissions future.
We place a strong emphasis on our commitment to land reclamation and that is precisely why we created a company, Eni Rewind, 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.
Our performance levels and achievements were inextricably linked to reconfiguring the company’s business model.
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