Profile: Eni SpA (E.N)
17 Feb 2017
Eni SpA (Eni), incorporated in 1953, is engaged in oil and gas exploration, development and production, marketing of gas, electricity and liquefied natural gas (LNG), power generation, refining and marketing of petroleum products, production and marketing of petrochemical products and commodity trading. The Company's segments include Exploration & Production, Gas & Power, and Refining & Marketing. Eni has operations in approximately 70 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. Eni's average daily production is approximately 1,690 thousand barrel of oil equivalent per day (KBOE/d). Eni's total proved reserves include over 6,890 million barrel of oil equivalent (mmBOE) and proved reserves of subsidiaries include approximately 5,970 mmBOE.
Gas & Power
The Company's Gas & Power segment engages in supply, trading and marketing of gas and electricity, international gas transport activities, and LNG supply and marketing. The Company also includes the activity of electricity generation that is ancillary to the marketing of electricity. Eni produces power at various operated sites in Italy with a total installed capacity of approximately 4.9 gigawatts (GW).
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. The Company's processed volumes of crude oil and other feedstock include approximately 26.41 million tons and sales of refined products includes over 35.24 million tons, of which approximately 26.53 million tons in Italy.
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Company Web Links
- Oil companies bullish on Egypt, eyeing more investment, discoveries
- Eni backs CEO after prosecutors ask for trial over Nigeria
- UPDATE 2-Eni backs CEO after prosecutors ask for trial over Nigeria
- Italy prosecutors ask for Eni CEO to be sent to trial over Nigeria - sources
- Kazakhstan, Shell-Eni group continue talks over tax dispute