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.

Activities

  • Development

    Achieved start-ups in significant projects, such as: the Goliat Norwegian fields (Eni’s interest 65%); production re-start of the Kashagan field (Eni’s interest 16.81%); start-up of M’Pungi and M’Pungi North within the West Hub Development project (Eni’s interest 36.84%) and, in February 2017, start-up of the East Hub Development project, five months earlier than scheduled and with a time-to-market among the best in the industry. Progressed construction activities at our development projects expected to come on stream in 2017 (Jangkrik, OCTP, Zohr and East Hub).

  • Distribution of Refined Products

    In 2016, sales of refined products (33.41 mmtonnes) were down by 1.83 mmtonnes or by 5.2% from 2015, mainly due to the assets disposals in the Czech Republic and Slovakia, finalized in July 2015 as well as in Slovenia and Hungary in the second half of 2016.

  • Exploration

    Continuing strong exploration track record. Discovered 1.1 billion boe of additional resources at a cost of $ 0.6 per barrel. Promising new prospects to be drilled in future years. Our dual exploration model proved to be successful (sale of 40% of Zohr).

  • Gas Supply

    In 2016, Eni’s consolidated subsidiaries supplied 82.64 bcm of natural gas, down by 2.75 bcm or 3.2% from 2015. Gas volumes supplied outside Italy from consolidated subsidiaries (76.64bcm), imported in Italy or sold outside Italy, represented approximately 93% of total supplies, down by 2.02 bcm or 2.6% from 2015. This reflected lower volumes purchased in Libya, in Russia and in the Netherlands, partially offset by higher purchases in Algeria (up by 6.85 bcm).

  • Gas sales

    In 2016, natural gas sales amounted to 88.93 bcm (including Eni’s own consumption, Eni’s share of sales made by equity-accounted entities and upstream sales in Europe and in the Gulf of Mexico), down by 1.95 bcm or 2.1% from the previous year, on the back of increasing competitive pressure and slight demand recovery.

  • Power Generation

    Eni’s power generation sites are located in Ferrera Erbognone, Ravenna, Mantova, Brindisi, Ferrara and Bolgiano. In 2016, power generation was 21.78 TWh, up by 1.09 TWh or 5.3% from 2015, driven by consumptions recovery. As of December 31, 2016, installed operational capacity of EniPower’s power plants was 4.7 GW (4.9 GW as of December 31, 2015). Electricity trading (15.27 TWh) reported an increase of 7.6% due to the optimization of inflows and outflows of power.

  • Power sales

    In 2016, power sales of 37.05 TWh were directed to the free market (74%), the Italian power exchange (15%), industrial sites (9%) and others (2%).

  • Production

    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.

  • Refining

    In 2016, Eni’s refining throughputs in Europe were 24.52 mmtonnes, down by 7.2 % from 2015 due to lower availability of domestic crude oil driven by the shutdown of the Val d’Agri field, as well as other planned maintenance turnarounds (Livorno and Milazzo), partially offset by higher volumes processed at Sannazzaro. In the full year 2016, volumes of biofuels produced from vegetable oil at the Venice Green Refinery increased by 5% from 2015.

  • Trading

    Through Eni Trading & Shipping (ETS), Eni is involved in the international marketing of crude oil and petroleum products, and the shipping and trading of all Eni commodities. ETS operates as Eni’s single interface on the international markets for crude oil, gas, power, CO₂ and petroleum products derived from oil refining, but also to the related shipping markets, ensuring a comprehensive and integrated approach that is reinforced by relationships and Eni’s extensive portfolio of assets. The company also develops advanced risk management solutions.

Eni

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 in numbers

2014 2015¹ 2016
Production of oil and gas (Mboe/d) 1,6 1,8 1,8
Eni adj. Operating profit (€ billion) 11.6 4.5 2.3
Eni adj. Net profit (€ billion) 3.7 0.8 -0.3
Capital expenditure (€ billion) 12.2 10.7 9.2
Net cash flow from operations (€ billion) 15.1 12.2 7.7
Net debt (€ billion) 13.7 16.9 14.8
Leverage (ratio) 0.22 0.29 0,28²

(¹) net of Saipem 

(²) 0.24 pro-forma with Zohr farm-down

Source: Fact Sheet

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