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The Company

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Eni operates in:

    
  -  Exploration and Production of oil and natural gas
  -  Natural gas supply, transmission, distribution and sale
  -  Electricity generation and sale
  -  Refining and Marketing of petroleum products
  -  Petrochemicals
  -  Oilfield Services and Engineering
 

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.;

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.

 

Strategies

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

 


Company Profile

 

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