ENI's Company Profile

MISSION

We are a major integrated energy company, committed to growth in the activities of finding, producing, transporting, transforming and marketing oil and gas. Eni men and women have a passion for challenges, continuous improvement, excellence and particularly value people, the environment and integrity. 

Company Profile


Eni operates in the oil and gas, electricity generation and sale, petrochemicals, oilfield services construction and engineering industries. In these businesses it has a strong edge and leading international market position.

Every action will be more and more based on making the most of people, contributing to the development and well-being of the communities with which it works protecting the environment, investing in the technological innovation and energy efficiency, as well as mitigating the risks of climate change.

Eni is active in 79 countries with a staff of about 80,000 employees.

BUSINESS

2011 HIGHLIGHT

Results for the First Quarter of 2011

Financial Highlights

- Adjusted operating profit: up 18.4% to €5.13 billion
- Adjusted net profit: up 21.6% to €2.22 billion
- Net profit: up 14.6% to €2.55 billion
- Cash flow: €4.19 billion

Operational Highlights

- Oil and natural gas production for the quarter was down by 8.6% due to the shutdown
of activities in Libya
- Natural gas sales for the quarter rebounded from a year ago, up by 6%
- Acquisition of two important exploration and development leases in Ukraine
- Continuing exploration success with the Perla 4 appraisal well and offshore discoveries
in Ghana, the Barents Sea and the UK North Sea

Portfolio developments

Ukraine

In April 2011, Eni reached an agreement with Cadogan Petroleum plc for the acquisition of an interest in two

exploration and development licences located in the Dniepr-Donetz basin, in Ukraine. This agreement is part

of the development of cooperation initiatives in hydrocarbon exploration and production in the Country also

reaffirmed in a Memorandum of Understanding with the Ukrainian Ministry of Ecology and Natural Resources.

Alaska

In February 2011, production start-up was achieved at the Nikaitchuq operated field (Eni 100%), located in the North Slope basins offshore Alaska, with resources of 220 million barrels. Production is expected to peak at 28 kbbl/d.

China

In January 2011, Eni signed a Memorandum of Understanding with CNPC/PetroChina to promote common opportunities to jointly expand operations in conventional and unconventional hydrocarbons in China andoutside China. The parties will also cooperate in the field of advanced technology, with a special focus on the exploitation of unconventional oil and gas resources.

Angola

In January 2011, Eni was awarded rights to explore and the operatorship of offshore Block 35 in Angola, with a 30% interest. The agreement foresees drilling 2 wells and 3D seismic surveys to be carried out in the first 5 years of exploration. This deal is subject to the approval of the relevant authorities.

CHART

KEPEMIMPINAN

BOARD OF DIRECTOR

Chairman:

Giuseppe Recchi

Chief Executive Officer: 

Paolo Scaroni

Directors: 

Carlo Cesare Gatto
Alessandro Lorenzi
Paolo Marchioni
Roberto Petri
Alessandro Profumo
Mario Resca
Francesco Taranto 

GENERAL MANAGERS OF ENI S.p.A

Claudio Descalzi

Chief Operating Officer
Exploration & Production Division  

Domenico Dispenza  

Chief Operating Officer
Gas & Power Division 

Angelo Fanelli

Chief Operating Officer
Refining & Marketing Division  

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