The company’s four-year investment plan is focused on high value projects with quick returns and the development of conventional projects.

Exploration

In 2017, exploration expenditure amounted to €442 million, and mainly concerned Cyprus, Norway, Mexico, Egypt, Libya and Ivory Coast as well as related to the completion of the 25 new exploratory wells (15.9 net to Eni). In addition, 78 exploratory drilled wells are in progress at year-end (41.2 net to Eni). In 2017 additions to the Company's reserve backlog were 1 billion boe of new resources, of which 800 million boe from in-house exploration with a discovery cost of approximately $1 per barrel. From 2014, we discovered over 4 billion boe, approximately double of equity production in the same period.

Eni's investments in the Exploration & Production segment

Successes and investments In 2016 we achieved numerous goals including investing in development, exploration and production. Capital investment Capital expenditure Capital expenditure of the Exploration & Production [...] News Exploration and production: performance and investments during the year Among the results achieved in 2016: the trend of GHG emission index compared to ...

4 May 2017 eni.com Section: operations

Dual exploration model

News Dual Exploration Model Changes to Eni's approach to exploration: today we generate cash in advance, thereby reducing investments - as we have already done in Mozambique and Egypt. Proof of a successful [...] Zohr will be sold to Mubadala Petroleum. Converting exploration achievements into business value The revolution started in ...

17 May 2018 eni.com Section: operations

Performance and investments

operational and energy efficiency. In 2017, our overall spending on R&D in the Exploration & Production sector was 83 million. The investment planned for our green businesses in the period 2018-21 is more than 1.8 [...] flow. Our series of records in exploration continues : we have added 1 billion boe ...

27 April 2018 eni.com Section: operations

Exploration in 2016

industry (50% for Eni). At the end of the year there were 79 wells in progress (40 for Eni). Exploration wells and proven hydrocarbon reserves In 2011, 16 new exploration wells (10.2 for Eni) were completed, [...] reimbursement of costs incurred by Eni in 2016. Through the application of dual ...

10 August 2017 eni.com Section: enipedia

Exploration & Production: 2016 performance and capital expenditure

Exploration & Production: 2016 performance and capital expenditure Exploration & Production: 2016 performance and capital expenditure Overview In detail: performance data for 2016 in the Exploration [...] Exploration & Production sector the 2016 capital expenditure table in the Exploration & Production sector 2016 Performance PERFORMANCE - EXPLORATION & PRODUCTION 2014 2015 2016 Employees at year end (number ...

8 August 2017 eni.com Section: enipedia

Exploration and development activities

managed by a joint operating company, in which Eni and KMG are equal partners. Eni will be able to draw on its proprietary technologies, leadership in exploration and longstanding experience in technically [...] News Exploration and development activities Exploration can also involve drilling wells to access deposits. In 2017 we announced ...

11 May 2018 eni.com Section: operations

The exploration model and projects

is also onstream. In November 2017, Eni signed an extension to exploration rights in the block until 2020, allowing the company to exploit the full near-field exploration potential of an extremely fruitful [...] fruitful area. Near field exploration - exploration next to production fields : working in synergy with existing plants, exploration has ...

8 June 2018 eni.com Section: operations

Activities of exploration and productions of Eni

Exploration and production activities worldwide Eni operates in 42 countries in the exploration, development and production of oil and natural gas. Exploration and Production Eni is active in the exploration, [...] ongoing production start-ups at the discoveries in Block 15/06 in Angola COUNTRIES WHERE ACTVITIES IN EXPLORATION, DEVELOPMENT AND PRODUCTION ...

12 May 2016 eni.com Section: operations

Mexico: the power of exploration

power of exploration An excellent discovery among natural treasures. Mexico: the power of exploration An excellent discovery among natural treasures. A success story The first agreement between Eni and Mexico [...] hydrocarbons in Area 1 90 % estimated oil in Area 1 90 % estimated oil in Area 1 1967 year Eni first ...

20 February 2018 eni.com Section: operations

Exploration activities and successful discoveries

reimbursement of costs incurred by Eni in 2016. Eni, applying its dual exploration model, has already disposed stakes worth 5.4 billion since 2013. Continuing strong exploration track record. Discovered 1.1 [...] future years. In Morocco, Eni signed a Farm-Out Agreement (FOA) with Chariot Oil&Gas that includes the operatorship ...

4 May 2017 eni.com Section: operations

Exploration and research of hydrocarbons

innovation makes us extremely competitive in oil exploration, even in extreme environments. Successful Exploration Eni develops cutting-edge technology for oil exploration, key to its success in the discovery of [...] Knowing where to start before beginning: the first secret of Eni's exploration success is its technology for the study of ...

12 May 2016 eni.com Section: Innovation

Restructuring Mid-Downstream sector

phase for the enhancement of gas produced downstream of exploration and production investments , as well as a necessary condition for investments in liquefaction and regasification projects. The manufacturing [...] and infrastructure) The new strategy The Upstream sector, dedicated to acquiring drilling rights, exploration, development and production, and the Gas & Power sector ...

26 April 2018 eni.com Section: operations

EniProgetti

wholly owned subsidiary of Eni SpA, is Eni's engineering arm. EniProgetti was created by Eni in order to strengthen its reach and from the desire to identify, through investment development, the most agile [...] Tecnomare S.p.A. 2013 - Eni acquires Eni engineering e&p 2014 - Eni restructuring: integration of ...

19 July 2018 eni.com Section: enipedia

History of oil exploration in Italy

History of oil exploration in Italy Eni revolutionised the Italian oil industry by focusing on innovation, training and international vision. The stone oil In Italy oil has been known and used since ancient [...] began also for oil , from which to obtain fuel for motor vehicles. Italian oil exploration, from its ...

12 May 2016 eni.com Section: company

Eni’s Activities in the Exploration & Production field

Eni's proved and undeveloped reserves 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 an

12 May 2016 eni.com Section: operations

Eni in Kenya

FOCUS ON Eni in Kenya Our activities in the country are still in their early stages, but include exploration and also sustainability projects aimed at improving access to power and water. Offshore exploration [...] exploration and projects for the territory Through its subsidiary Eni Kenya, Eni has operated three blocks in ...

18 May 2017 eni.com Section: media

Investor Day 2016

which is based on our strength in exploration and the start-up of our major upcoming projects. This is further enhanced by our development models and dual exploration strategy which provides us with the [...] 09/30/2016 When the OGCI announces a billion-dollar investment programme to finance projects, initiatives and technological ...

12 February 2018 eni.com Section: media

Eni reaches all-time production record

day. A winning strategy The results achieved by Eni prove the success of the integrated exploration and development model that Eni has developed in recent years, and that has allowed a reduction in the time- [...] Champions Our exploration and production (Upstream) model is based on key elements such as exploration ...

21 December 2017 eni.com Section: operations

Eni in Myanmar

presence in Myanmar Eni has been active in Myanmar since 2014 with the award of onshore and offshore exploration licences, thus strengthening its presence in the Asian Far East. Eni was one of the first [...] award of exploration licenses of still largely potentially untapped oil and gas resources. Eni was ...

30 September 2016 eni.com Section: media

Gravity Gradiometry method to be used in the world of hydrocarbon exploration

Gradiometry method to be used in the world of hydrocarbon exploration Gravity Gradiometry method to be used in the world of hydrocarbon exploration Overview In detail: the geophysical method the sub- [...] research has allowed Eni to maintain high technological standards in competition with other major oil companies. Gravity Gradiometry method ...

21 June 2017 eni.com Section: enipedia