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

Production

In 2017, oil and natural gas production averaged a record level of 1,816 kboe/d, up by 3.2%. This performance was driven by new project start-ups and the ramp-ups at fields started up in 2016, mainly in Angola, Egypt, Ghana, Indonesia and Kazakhstan as well as by restarting production at certain Libyan fields thanks to better safety conditions. These positive results were partly offset by OPEC production cuts, negative price effects at PSAs contracts and lower production as a result of planned and unplanned shutdowns in Norway, the United Kingdom and the Gulf of Mexico, as well as declines from mature fields. When excluding price effects at PSAs contracts and OPEC cuts (overall 35 kboe/d), hydrocarbons production increased by 5.3%. The share of oil and natural gas produced outside Italy was 93% (92% in 2016).

Eni's investments in the Exploration & Production segment

Exploration and production: performance and investments during the year Among the results achieved in 2016: the trend of GHG emission index compared to operated gross hydrocarbon production was positive with [...] natural gas production was 1,759 kboe/d, in line with 2015 , in spite of the Val d'Agri shutdown ...

4 May 2017 eni.com Section: operations

Performance and investments

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 billion, [...] skills and resources we possess . Our resilience has enabled us to bring some of our ...

27 April 2018 eni.com Section: operations

Exploration & Production: 2016 performance and capital expenditure

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) [...] natural gas production was 1,759 kboe/d, in line with 2015, in spite of the Val d'Agri shutdown. Production start-ups and ramp-ups ...

8 August 2017 eni.com Section: enipedia

The production activities of Eni oil fields

News Production activities Eni continued its growth in 2017, reaching a record production level of 1.82 million boe/day by developing the projects in its portfolio. Yield and progress We are always looking [...] oil market (the Brent price increased by 24 per cent), growth in production and a substantial ...

11 May 2018 eni.com Section: operations

Eni reaches all-time production record

Jangkrik, Zohr 310 k boe/d Eni's production in the fields East Hub, OCTP, Jangkrik, Zohr 160 k boe/d 2017 production for Eni in the four fields 160 k boe/d 2017 production for Eni in the four fields I am proud [...] Eni reaches all-time production record 1 ...

21 December 2017 eni.com Section: operations

Energy research, production and distribution

we operate. Reliability and safety In 2015 we maintained a level of production growth of 9 per cent, despite having reduced investments by 17 per cent in response to lower oil prices. In the first nine months

19 July 2016 eni.com Section: operations

Production and reserves of mineral deposits

Eni is developing technologies to maximize the production and reserves of mineral deposits. Get the best Eni sets its sights on maximising reservoirs' productivity by using systems that increase the effectiveness [...] the reservoir and the permanent sensors installed in production wells help provide a more precise map of the fluids ...

12 May 2016 eni.com Section: Innovation

Gas and power: performance and investments during the year

performance and investments during the year The sector saw an increase in gas sales, increased investment and the development of power stations. Our results 2016 saw a rise in gas sales and investment as well [...] by 5.3%) and the increase in transported natural gas. GHG emissions/kWheq relating to ...

12 May 2016 eni.com Section: operations

The production activities of Eni oil fields

new fields start-ups and production ramp-ups in particular in Angola, Kazakhstan and Norway as well as higher production in Iraq. Performance and progress Hydrocarbon production in 2016 remained unchanged [...] News Production activities In 2017, expected production growth to a record of 1.84million boe/d (up by 4.5%) leveraging ...

4 May 2017 eni.com Section: operations

Production in 2016

The table with data on the production of Eni hydrocarbons in the Countries COUNTRIES WHERE ACTVITIES IN PRODUCTION ARE ON GOING 2016 Production net to Eni Country Production Liquids b Natural gas c Liquids [...] Production in 2016 Production in 2016 Overview In detail: the oil and natural gas production started ...

8 August 2017 eni.com Section: enipedia

Upstream Italy

offshore activities. 371 m euro for investments 2017 in the Central Northern District 371 m euro for investments 2017 in the Central Northern District 60.5 kboe/d production 2016 in the Central Northern District [...] in production Ravenna: towards a low-carbon future with Italian gas Eni has been conducting Upstream ...

9 May 2018 eni.com Section: operations

Goliat: production start-up

coast of Norway The first oil reservoir to enter production in the Barents Sea. Goliat, off the coast of Norway The first oil reservoir to enter production in the Barents Sea. The most advanced technology [...] Goliat has been developed using the world's largest and most sophisticated cylindrical floating production ...

13 January 2016 eni.com Section: operations

Goliat: production start-up

People Goliat: production start-up In an ice-free zone, off the coast of Norway, Eni begins production at Goliat: the first oil reservoir to enter production in the Barents Sea. Goliat: production start-up [...] up In an ice-free zone, off the coast of Norway, Eni begins production at Goliat: the first oil ...

1 January 2016 eni.com Section: operations

Electricity production and selling

News Electricity production In 2016, Eni produced 21.78 terawatt hours of electricity (up by 1.09 TWh compared with 2015) and sold 6.2 per cent more than in 2015. Eni's power generation sites are located

12 May 2016 eni.com Section: operations

Restructuring Mid-Downstream sector

development and production, and the Gas & Power sector, involved in the supply and sale of natural gas, buying and selling LNG and the production and sale of electricity, have always worked together at Eni, but in [...] for the enhancement of gas produced downstream of exploration and production investments , as well ...

26 April 2018 eni.com Section: operations

Upstream: hydrocarbon production in extreme environments

operational excellence Eni adopts processes, technologies and equipment to maximise operational safety and efficiency, as well as reduce the impact on the environment. Excellence and safety Eni applies the highest [...] productivity and safety. Hydrocarbon production in extreme environments Achieving operational excellence means working in a safe and sustainable way. This ...

1 January 2016 eni.com Section: Innovation

Eni’s sustainability projects in Ghana

plant of the joint venture between Eni, Vitol and the Ghana National Petroleum Corporation OCTP project, of which Eni is the operator. The project foresees the production of around 45,000 barrels of oil per [...] age. Education Eni has always considered high priority the transfer of know-how in host countries ...

12 May 2016 eni.com Section: enipedia

Increase and improvement of resources, our strategy for 2019

oilfield (Eni operating 65%) in the Barents Sea in Norway, the Jangkrik project (Eni operating with 55%) in Indonesia, the development of oil and gas of the licensed Offshore Cape Three Points (Eni operating [...] re-start of Kashagan (Eni 16,81%) by the end of 2016, not to mention the accelerated ...

12 May 2016 eni.com Section: enipedia

OCTP Project Benefits

300,000 people has been developed by Eni Foundation within the framework of eni Community Health Programs. Moreover, in collaboration with IFC/WB, the OCTP JV Community Investment Strategy is under preparation [...] Area, in ways that are sustainable and tapping opportunities generated by OCTP investments. The OCTP JV sees community ...

12 May 2016 eni.com Section: media

How Eni is cultivating a strain of algae for use in biofuel production

How Eni is cultivating a strain of algae to be used in biofuel production An experimental recipe of producing bio-oil using microalgae and CO 2 . In broad daylight. How Eni is cultivating a strain of [...] produced by the wells at the Eni Oil Centre the water is then drained off ...

20 October 2017 eni.com Section: Innovation