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Eni conducts operations
in about 70 countries where
it employs about 73,572 people;
In 2007, oil and natural gas production for the full year averaged
1.736 mmboe/d, down by 1.9% compared with 2006.Production
performance was impacted by mature field declines, price impacts in
certain Production Sharing Agreements (PSAs)1, disruptions and
unplanned events in Nigeria, the North Sea and Venezuela.; |
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Estimated net proved reserves at December 31, 2007
were 6.37 bboe (down 1% from 2006) determined based on a year-end
Brent price of $96.02 per barrel.
The amount of proved reserves comprised 30% of
quantities of the three equity accounted Russian companies purchased
as part of a bid procedure for assets of bankrupt Yukos and
participated by Eni with a 60% interest, considering that it is
probable that Gazprom will exercise a call option to acquire a 51%
interest in these companies.
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Strategies
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| Maintain strong
production growth |
| Ensure medium to
long-term business sustainability by focusing on reserve
replacement |
| Develop new projects to
fuel future growth |
| Develop in LNG business |
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