Profile: Eni SpA (E.N)
26 May 2017
Eni SpA (Eni), incorporated in 1953, is engaged in the exploration, development and production of hydrocarbons, in the supply and marketing of gas, liquefied natural gas (LNG) and power, in the refining and marketing of petroleum products, in the production and marketing of basic petrochemicals, plastics and elastomers and in commodity trading. The Company's segments include Exploration & Production, Gas & Power, and Refining & Marketing. As of December 31, 2016, Eni had operations in 73 countries.
Exploration & Production
The Company's Exploration & Production segment engages in oil and natural gas exploration and field development and production, as well as LNG operations in over 40 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, the United States, Kazakhstan, Algeria, Australia, Venezuela, Iraq, Ghana and Mozambique as of December 31, 2016. As of December 31, 2016, Eni's average daily production amounted to 1,670 thousand barrel of oil equivalent per day (KBOE/d). As of December 31, 2016, Eni's total proved reserves amounted to 7,490 million barrel of oil equivalent (mmBOE).
Gas & Power
The Company's Gas & Power segment engages in supply, trading and marketing of gas, LNG and electricity, international gas transport activities and commodity trading and derivatives. The Company also includes the activity of electricity generation that is ancillary to the marketing of electricity. Eni produced power at a number of operated gas-fired plants in Italy with a total installed capacity of 4.7 gigawatthour (GW) as of December 31, 2016.
Refining & Marketing
The Company's Refining & Marketing segment engages in crude oil supply and refining and marketing of petroleum products at retail and wholesale markets mainly in Italy and in the rest of Europe. In the fiscal year December 31, 2016, processed volumes of crude oil and other feedstock, including renewable feedstock, amounted to 24.73 million tons.
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Company Web Links
- Intesa set for more Russia deals after winning Putin's favor over Rosneft
- Eni confirms full-year targets after best quarter in two years
- UPDATE 1-Eni confirms full-year targets after best quarter in two years
- Ophir to borrow $1.2 billion from Chinese banks for Fortuna floating LNG
- CORRECTED-UPDATE 1-Ophir to borrow $1.2 bln from Chinese banks for Fortuna floating LNG