2016 results

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 last three years, at a cost of 1 $/boe. Promising new prospects to be [...] to come on stream in 2017 (Jangkrik - Indonesia, OCTP oil ...

6 April 2017 eni.com Section: company

Exploration in 2016

Jangkrik project in Indonesia, the oil and gas development of the Offshore Cape Three Points (OCTP) licence in Ghana, the Kashagan restart in Kazakhstan, the accelerated start-up of the giant Zohr discovery [...] resources were discovered, at a unit cost of $0.6/boe. The exploration resources discovered over the last ...

10 August 2017 eni.com Section: enipedia

Exploration model

production chains. Our Upstream model Eni's exploration strategy is driven by time-to-market speed and cost-effectiveness while converting discoveries into production. How to reach first oil before other companies [...] conventional exploration models. That's how we achieved seven records: West and East Hub in Angola, Nooros and Zohr in ...

31 August 2017 eni.com Section: operations

The history of Zohr

Largest gas field in the Mediterranean. The history of Zohr Largest gas field in the Mediterranean. Bold challenge, surprising result The story of Zohr dates back to 2012, when the field's 15 exploration [...] Sisi. During the meeting Claudio Descalzi confirmed that the start-up of Zohr is expected just two ...

29 May 2017 eni.com Section: operations

The history of Zohr

Largest gas field in the Mediterranean. The history of Zohr Largest gas field in the Mediterranean. Bold challenge, surprising result The story of Zohr dates back to 2012, when the field's 15 exploration [...] Sisi. During the meeting Claudio Descalzi confirmed that the start-up of Zohr is expected just two ...

29 May 2017 eni.com Section: operations

Exploration and development activities

information required to improve project engineering and reduce the time to reach a final investment decision (FID) is collected and evaluated. Key examples are Coral in Mozambique and Zohr in Egypt, where Eni took [...] deposits and completed new exploratory wells. The reasons for our success Our goal is to focus ...

31 August 2017 eni.com Section: operations

Increase and improvement of resources, our strategy for 2019

Organically-developed conventional upstream projects, with a large resource base and a competitive cost structure Increasing and enhancing the use of discovered resources to improve cash generation Main [...] the carbon footprint and the gradual elimination of routine gas flaring. Large projects at low unit cost The upstream development model will continue ...

12 May 2016 eni.com Section: enipedia

Eni's strategy aim to give more value and solidity

organic portfolio, thanks to the quality and standing of our conventional assets and the design-to-cost approach of our new operating model. Upstream Production: CAGR +3% per year Exploration: new discoveries [...] target high levels of income generation through sustainable growth in the upstream sector and improved cost efficiency; and by ...

1 January 2016 eni.com Section: investors

A year of solid results for the Company

exploration successes with the discovery of 1.1 billion boe, at a unit exploration cost of $0.6 per barrel. We sold 40% of the Zohr field in Egypt to BP and Rosneft, confirming the validity of the dual exploration [...] record time are located in Angola (West Hub and East ...

1 January 2016 eni.com Section: company

First half 2017 Results

reaching a growth rate of over 6 per cent. These results have been achieved while maintaining an efficient cost structure, which will enable us to reduce our capital expenditure (CAPEX) by 18 per cent compared [...] Cabaça South East field began after just three years - five months ahead of schedule. The ...

2 August 2017 eni.com Section: operations