Overview

In detail:

  • the oil and natural gas production started by major projects
  • the table with data on countries with production activities

Production activities: 2017 key facts

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). Liquids production (852 kbbl/d) decreased by 26 kbbl/d, or 3% from the full year of 2016. Price effect, OPEC cuts and shutdowns in Norway, the United Kingdom and the Gulf of Mexico were partly offset by start-ups and ramp-ups of the year mainly in Angola, Ghana and Kazakhstan as well as higher production in Libya. Natural gas production (5,261 mmcf/d) increased by 454 mmcf/d, or 9.6% compared to the full year of 2016. Start-ups and ramp-ups of producing assets in Indonesia and Egypt and the increasing production in Libya were partly offset by shutdowns, mature fields decline and price effect. Oil and gas production sold amounted to 622.3 mmboe. The 40.4 mmboe difference over production (662.7 mmboe in 2017) mainly reflected volumes of natural gas consumed in operations (35.2 mmboe), changes in inventory levels and other variations. Approximately 70% of liquids production sold (308.3 mmbbl) was destined to Eni's mid-downstream business. About 20% of natural gas production sold (1,713 bcf) was destined to Eni's Gas & Power segment.

The table with data on the production of Eni hydrocarbons in the Countries

Oil and natural gas production(a)(b)
Consolidated  subsidiaries

 

2017  2016  2015 
Italy 19 161 49 17 172 49 25 200 62
Rest of Europe 37 174 69 40 184 73 31 201 68
North Africa 58 640 175 60 584 167 63 594 171
Egypt 26 315 84 28 218 68 35 186 69
Sub-Saharan Africa 90 162 119 91 170 122 93 171 124
Kazakhstan 30 96 48 24 93 41 20 80 35
Rest of Asia 20 126 43 28 90 45 28 106 47
Americas 23 71 36 25 94 43 28 94 45
Australia and Oceania 1 38 8 1 42 8 2 41 9
  304 1,783 631 314 1,647 616 325 1,673 630
Equity-accounted  entities  
North Africa 1 2 1 1 2 2 1 2 1
Sub-Saharan Africa 1 32 8   11 2      
Rest of Asia 1 4 1 1 7 2 1 9 2
Americas 4 99 22 5 93 22 4 25 9
  7 137 32 7 113 28 6 36 12
Total 311 1,920 663 321 1,760 644 331 1,709 642
(a)  
Italy 53 441.6 134 47 471.2 133 69 546.6 169
Rest of Europe 102 476.4 189 109 501.8 201 85 551.8 185
Croatia   16.9 3   26.5 5   21.2 4
Norway 81 265.4 129 86 258.3 133 57 264.6 105
United Kingdom 21 194.1 57 23 217.0 63 28 266.0 76
North Africa 158 1,753.0 479 165 1,594.8 458 172 1,627.9 469
Algeria 68 117.2 90 77 115.5 98 79 94.1 96
Libya 87 1,623.1 384 84 1,464.8 353 89 1,517.3 365
Tunisia 3 12.7 5 4 14.5 7 4 16.5 8
Egypt 72 862.7 230 76 597.4 185 96 510.1 189
Sub-Saharan Africa 247 444.3 327 247 464.3 333 256 468.3 341
Angola 119 45.9 126 108 49.0 118 96 31.6 101
Congo 63 112.6 83 71 148.5 98 78 136.8 103
Ghana 8 2.7 9            
Nigeria 57 283.1 109 68 266.8 117 82 299.9 137
Kazakhstan 83 263.7 132 65 254.0 111 56 218.3 95
Rest of Asia 53 345.9 116 78 245.8 123 77 289.8 130
China 2 0.1 2 2   2 3   3
India               2.6 1
Indonesia 3 188.8 38 3 48.5 12 2 54.8 12
Iran             22   22
Iraq 40 19.6 43 64 19.2 67 40   40
Pakistan   131.5 24   172.1 32   226.4 41
Turkmenistan 8 5.9 9 9 6.0 10 10 6.0 11
Americas 63 194.0 99 69 256.4 116 75 257.1 122
Ecuador 12   12 10   10 11   11
Trinidad & Tobago   55.4 10   69.7 13   70.4 13
United States 51 138.6 77 59 186.7 93 64 186.7 98
Australia and Oceania 2 105.0 22 3 113.9 24 5 111.8 26
Australia 2 105.0 22 3 113.9 24 5 111.8 26
  833 4,886.6 1,728 859 4,499.6 1,684 891 4,581.7 1,726
Equity-accounted  entities  
Angola 3 89.0 20 1 29.1 6   0.9  
Indonesia 1 11.0 3 1 18.8 4 1 24.1 5
Tunisia 3 4.1 4 3 4.9 4 4 5.2 4
Venezuela 12 270.5 61 14 254.8 61 12 68.9 25
  19 374.6 88 19 307.6 75 17 99.1 34
Total 852 5,261.2 1,816 878 4,807.2 1,759 908 4,680.8 1,760

(a) Includes Eni's share of equity-accounted equities.
(b) Includes volumes of gas consumed in operations (527, 478 and 397 mmcf/d in 2017, 2016 and 2015, respectively).

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