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Company Description

Contact Info

Piazzale Enrico Mattei 1

Rome, RM 00144


Phone: 39 06 59821

Fax: 39 06 59 82 21 41

Eni SpA engages in oil and gas exploration, development and production; marketing of gas, electricity and LNG; power generation; refining and marketing of petroleum products; and commodity trading businesses. The company has operations in 66 countries. Segments The company’s principal segments of operations are Exploration & Production, Gas & Power, and Refining & Marketing. Exploration & Production This segment engages in oil and natural gas exploration and field development and production, as well as LNG operations, in 42 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, 2015, the company’s total proved reserves amounted to 6,890 mmBOE; proved reserves of subsidiaries totaled 5,975 mmBOE; the company’s share of reserves of equity-accounted entities stood to 915 mmBOE. Gas & Power This segment engages in supply, trading and marketing of gas and electricity, international gas transport activities, and LNG supply and marketing. This segment also includes the activity of electricity generation that is ancillary to the marketing of electricity. The company produces power at various operated sites in Italy with a total installed capacity of 4.9 GW as of December 31, 2015. This segment comprises results of the company’s activities intended to manage commodity risk and of asset-backed trading activities. Through the trading department of the parent company and its wholly-owned subsidiary, Eni Trading & Shipping SpA, the company engages in derivative activities targeting the spectrum of energy commodities on both the physical and financial trading venues. This segment also comprises the result of activities of crude oil and products supply, trading and shipping services. Refining & Marketing This segment engages in crude oil supply and refining and petroleum products marketing in retail and wholesale markets mainly in Italy and in the rest of Europe. In 2015, processed volumes of crude oil and other feedstock amounted to 26.41 mmtonnes and sales of refined products were 35.24 mmtonnes, of which 26.53 mmtonnes in Italy. Retail sales of refined products at the company’s service stations amounted to 8.89 mmtonnes in Italy and in the rest of Europe. Strategy Exploration & Production: The company’s strategic actions include focusing on near-field exploration; fast track development of discovered resources through the optimization of the time to market and strict control of project execution; monetization of interests in discoveries made; production growth at an average rate higher than 3% across the plan period, maintaining a solid base of long plateau/long-term cash flow projects; modular approach and phased project development to fasten production start-up; and increased efficiency through a range of actions, pursued also through the renegotiations of supply contracts. Seasonality The company’s results of operations reflect the seasonality in demand for natural gas and certain refined products used in residential space heating, the demand for which is typically highest in the first quarter of the year (year ended December 2015), which includes the coldest months and lowest in the third quarter, which includes the warmest months. Patents In 2015, the company filed 22 patent applications. Research and Development In 2015, the company’s overall expenditure in R&D amounted to euro 139 million, which were almost entirely expensed as incurred. History Eni SpA was founded in 1953.


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