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Eni in brief

A major integrated energy company

Registered in Roma, Italia, Eni S.p.A. (Eni) is a national oil company with 33% shares owned by the Italian Government and 67% listed in the Milan Stock Exchange, Italy and on the New York Stock Exchange.

With operations in 85 countries and 79,000 employees, Eni is developing an extensive integrated business model covering:

 – Upstream with oil and gas exploration and production

 – Midstream with the construction and operations of pipeline and transportation fleet

 – Dowstream with refining activities

 – Marketing and distribution

 – Petrochemicals through its branch formally called Enichem and re-branded as Versalis

 – Power Generation and electrical distribution

In addition to its activities as operator, Eni is acting as an engineering company and an oil and gas field services provider through its subsidiary Saipem.

Among the key subsidiaries, Eni holds shares with:

 – 43% in Saipem

 – 50% in Snam

 – 100% in Versalis

With this extensive integrated business model Eni is committed to grow all along the hydrocarbon value chain from the well to the wheel.

Eni takes advantage of this unique business model in combining all the operators skills with engineering and project management expertise to capture all opportunities requiring such integration.

Eni produces 1.58 million of barrel of oil equivalent (boe) and holds 7 million boe of proven reserves.

Eni Key Figures

 – 2011 Revenues: $109,5 billion

 – 2010 Revenues: $98,5 billion

 – 2009 Revenues: $83,2 billion

 – 2011 Earnings: $6,8 billion

 – 2010 Earnings: $6,3 billion

 – 2009 Earnings: $4,3 billion

 – 2011 Capital Expenditure: $13,4 billion

 – 2010 Capital Expenditure :$13,8 billion

 – 2009 Capital Expenditure: $13,6 billion

Eni Projects and Business Highlights

To support its development, Eni is implementing its Strategic Plan 2012-2015.

Assuming a barrel price at $90 in 2012 – 2013 and at $85 in 2014 – 2015, Eni Strategic plan is based on the:

 – Profitable growth in the Upstream sector

 – Consolidation of market leadership in European natural gas market

 – Continuous improvement of operational excellence in  Dowstream

 – Refocusing of Petrochemicals on added value specialties

 – Global leadership in the most technologically advanced and innovative segments in engineering and construction.

The main target of Eni strategic plan is to increase production by 3% per year until 2015 supported by $61 billion (euro 50,6 billion) capital expenditure on the period 2012 – 2015. 

75% of the capital expenditure will be concentrated on the Upstream business especially with key projects in:

 – Mamba phase 1 in Mozambique

 – Giant developments in Nigeria

 – Bintuni basin in Indonesia

 – Skrugard and Havis in the Norwegian Barents sea

 – Arctic sea in Russia in joint venture with Rosneft 

On the Petrochemical side Versalis goes global with its proprietary process to produce high performance elastomers.

Versalis signed a strategic partnership with Petronas in the Rapid project from which it will serve all the Asia market.

 

 

For more information and data about oil and gas and petrochemical projects go to Project Smart Explorer

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