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S T R A T E G I E S
K e e p s t r o n gp r o d u c t i o n g r o w t h r a t e s
R a t i o n a l i z e a n do p t i m i z e p o r t f o l i o
S e l e c t e x p l o r a t i o n p r o j e c t s
I n t e n s i f y a c t i o n sf o r e f f i c i e n c y i m p r o v e m e n t
C A N A D A
`
A R G E N T I N A
B R A Z I L
G U YA N A
A U S T R A L I A
A N G O L A
G A B O N C O N G OS O M A L I A
Y E M E NN I G E R I A
L I B YA
T U N I S I A
I T A LY
A L G E R I AQ A T A R
I R A N
E G Y P T
N O R W AY
C R O A T I A
T R I N I D A D & T O B A G O
F A R Ø E I S L A N D S
V E N E Z U E L A
E C U A D O R
E X P L O R A T I O N
A Z E R B A I J A N
M A U R I T A N I A
M O R O C C O
S E N E G A LG U I N E A
P A K I S T A N
I N D O N E S I A
R U S S I A
T A I W A N
C O L O M B I A
P A P U A N E W G U I N E A
T U R K M E N I S T A N
N E T H E R L A N DD E N M A R K
U N I T E D K I N G D O M
I R E L A N D
U N I T E D S T A T E S
K A Z A K H S T A N
C H I N A
E X P L O R A T I O N A N D P R O D U C T I O N
E X P L O R A T I O N A N D P R O D U C T I O N
West Africa, Iran and Venezuela. Eniintends to rationalize its assetsportfolio in order to increase its valueby focusing on strategic areas withthe highest growth potential.Exploration efforts will beconcentrated in areas with highmineral potential, capable ofproviding the highest returns, such asthe Caspian Sea, Russia, the deepoffshore of the Gulf of Mexico, Brazil,West Africa and the border areas ofthe North Sea. Eni will continue toimprove its performance by reducingoperating costs and overhead andsearching for synergies.
Eni operates in the exploration andproduction of hydrocarbons in Italy,North Africa, West Africa, the NorthSea and the Gulf of Mexico. It alsooperates in areas with greatdevelopment potential such as LatinAmerica, Australia, the Middle andFar East and the Caspian Sea.In 2001, Eni produced 1,369,000 boeper day and, at December 31, 2001,it had estimated proved reserves of6,929 million boe. Eni is pursuing anaggressive growth strategy aimed atachieving a daily production target inexcess of 1.7 million boe by 2005,which corresponds to an annualincrease of approximately 6% overnext four years. Production growthwill be pursued by developing inareas where Eni has a consolidatedpresence and through the start up ofimportant projects in Libya,Kazakhstan, the deep offshore of1995 1996 1997 1998 1999 20012000
26.424.9
16.722.2
18.2
33.1
8.6
R O A C E
%
40
30
20
10
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Daily hydrocarbon productionpeaked at 1,369,000 boe,representing a 15.3% increaseresulting from the contributionof the acquisition of Lasmoand internal growth,which offset in part the decreaserelated to declines. In April 2002 daily productionamounted to 1,462,000 boe. The 15.3% increase launchesEni towards the dailyproduction target of 1.7 millionboe set for 2005 which Eni canattain by developing assets inits portfolio
In Kazakhstan in February 2001,Eni was named single operator ofthe North Caspian Sea project inthe Kazakh offshore (Eni’sinterest 14.28%). This projectrepresents an extremely importantindustrial feat in the oil industry.Following the discovery made inJuly 2000, in 2001 two otherwells were drilled whichconfirmed the area’s high mineralpotential. By the end of 2001, athird well – the second appraisalwell – was under way
Eni completed the process ofintegration of Lasmo, thus reachinga benefit estimated at about euro100 million on an annual basis,25% more than expected at thetime of the acquisition. Lasmo’sdaily production in 2001 (201,000boe) increased by 6% over 2000and is expected to reach 260,000boe in 2003
In Block 15 (Eni’s share 20%),located offshore Angola theKizomba A project started for thedevelopment of the Hungo andChocalho fields with recoverablereserves amounting toapproximately one billion barrelsof oil. This is the most importantproject in the West Africanoffshore. Expected expenditureamounts to about dollar 3.2billion. Production is expected tostart in late 2004 peaking at250,000 barrels/day in 2005
In Iran, Eni signed agreementswith the national company NIOCfor the development of the twoDarquain oil fields (Eni isoperator with a 60% interest) onthe coast of the Persian Gulf andof the Balal oil field (Eni’sinterest 38.25%) in the PersianGulf offshore. Production isexpected to start in 2003 in thefirst field and late 2002 in thesecond
In Nigeria authorization wasgranted for the construction of a450-megawatt power plant firedwith associated natural gas. Theplant (Eni’s interest 20%) will belocated in the area of the NigerDelta and entails a totalexpenditure of dollar 312 million
In Russia Eni signed anagreement withAstrakhannefteprom for theacquisition of 50% of the SeveroAstrakhansky license in a highly
promising area at the mouth ofthe river in the Astrakhan region.Eni will act as operator
In Norway Eni obtained anexploration license (Eni’s interest30%) for the exploration of Block35/1, located in the North VikingGraben in the North Sea
In 2001 production started inimportant hydrocarbon fields:Elgin/Franklin in the UnitedKingdom (Eni’s interest 21.86%),Foukanda/Mwafi offshore Congo(Eni is operator with a 65%interest), Okono offshore Nigeria(Eni is operator with a 100%interest), Kuito-phase 3 (Eni’sinterest 20%) and Nemba Nord(Eni’s interest 9.8%) bothoffshore Angola, and Val d’Agri-phase 2 (Eni is operator with a71% interest) in Italy
Exploration activities producedexcellent results: Eni made newdiscoveries in the Gulf of Mexico(Yosemite - natural gas - Eni’sinterest 50%; Trident - oil - Eni’sinterest 8.5%), in Pakistan(Rehmat - gas - Eni’s share38%), Angolan deep offshore(Tombua-1 - oil in Block 14 -Eni’s interest 20%; Mavacola 1and Marimba 2 in Block 15 -Eni’s interest 20%), Nigerianoffshore (Bonga SW1 - Eni’sinterest 12.5%), in Australia(Blacktip-1 - gas - Eni’s interest30%), in Norway in the BarentsSea (in the Goliath oil field -
M A I N R E S U L T S
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M A I N R E S U L T S
Eni’s interest 25%; Marvin -Eni’s interest 30%), in theoffshore of Congo (Awa-Marine-1- oil - Eni’s interest 72%), inMauritania (Chinguetti-1 - oiland gas - Eni’s interest 35%), inIndonesia (Ranggas - oil and gas- Eni’s interest 20%) south Chinaoffshore (HZ 19-2-1 and HZ 19-1-1 - oil - Eni’s interest 16.3%),Algeria (EOR-1 in El Ouar II
permit - Eni’s interest 66.67%and Rome 1 in Block 403d -Eni’s interest 100%), Tunisia(HDA N-1 - oil - Eni’s interest50%) as well as in Italy(Miglianico - oil - Eni’s interest100%; Fauzia and Quarto - gas -Eni’s interest 60% and 66.7%)
Increases in proved reserveshave led to a 282% replacement
ratio (142% excluding the effect of the acquisition of Lasmo)
Efficiency improvement actionsand integration with acquiredcompanies allowed Eni toachieve cost reductions of abouteuro 137 million
Main financial data
(million o)
1995 1996 1997 1998 1999 2000 2001
Net sales from operations 5,664 6,578 6,897 5,206 6,840 12,308 13,960
Operating income (1) 2,094 2,612 2,590 594 2,834 6,603 5,984
Exploration expenditure 396 555 677 755 636 811 757
Acquisition of proved and unproved properties 5 292 95 103 752 416 67
Development costs and capital goods 1,184 816 1,550 2,024 1,880 2,312 3,452
Financial investments 10 199 0 7 10 2,511 4,149
(1) For 1996 it does not include the effect of the change in writedown criteria of tangible and intangible assets (SFAS 121) for euro 123 million.
Main operating data
1995 1996 1997 1998 1999 2000 2001
Proved hydrocarbon reserves (mn boe) 4,318 4,675 5,073 5,255 5,534 6,008 6,929
oil reserves (mn bbls) 2,402 2,484 2,844 2,881 3,137 3,422 3,948
natural gas reserves (mn boe) 1,916 2,191 2,229 2,374 2,397 2,586 2,981
Daily hydrocarbon production (th boe/d) 982 984 1,021 1,038 1,064 1,187 1,369
oil production (th bbls/d) 612 614 646 653 674 748 857
natural gas production (th boe/d) 370 370 375 385 390 439 512
Reserve life index (years) 11.9 13.1 13.6 13.4 14.0 14.0 13.7
�Q¢
Ty r rhen ian Sea
L igu r i an Sea
Ad r i a t i c Sea
Ion ian Sea
M e d i t e r r a n e a n S e a
Switzerland Austr ia
Tunisia
BosniaHerzegovina
Slovenia
Croat ia
Montenegro
EXPLORATION PERMITS
PRODUCTION CONCESSIONS
OIL FIELDS
GAS FIELDS
0 100 km
BARBARA
ROME
LUNA/HERALACINIA
AQUILA
ROSPO
BONACCIA
VILLAFORTUNA
VEGA
RAGUSA
AGOSTINO-PORTO GARIBALDI
ANEMONECERVIA/ARIANNA
ANGELA/ANGELINA
VALD’AGRI
ANNALISA
CALPURNIACLARA E.
CLARA N.
GELA
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P R O D U C I N G A R E A S
In 2001, Eni’shydrocarbon productionin Italy totaled 308,000
boe/day and represented 22% ofEni’s total production. Eni’sexploration and developmentinterests in Italy are concentratedin the Po Valley, the Adriatic Sea,the Southern Apennines and Sicily.In 2001, natural gas productiontotaled 239,000 boe/day andrepresented approximately 78% ofEni’s hydrocarbon production inItaly. Eni’s principal natural gasfields are located in the Adriatic
Sea (Barbara, Angela/Angelina,Porto Garibaldi, Agostino andCervia/Arianna, Clara Complex andBonaccia which collectivelyaccounted for 49% of Eni’s naturalgas production in Italy) and in theIonian Sea (Luna, which accountedfor 9%). In 2001 theNaomi/Pandora, Emilio, Camillaand Porto Corsini Mare Sud gasfields in the Adriatic offshorestarted production with an output ofapproximately 8,000 boe/day.In 2001, Eni’s production of oil inItaly totaled 69,000 barrels per
day. Eni’s two major fields,Villafortuna in the Po Valley andAquila in Puglia offshorerepresented 50% of Eni’s totalproduction in Italy (60% in 2000).The Val d’Agri fields increasedtheir share of production from 11%in 2000 to 17.5% in 2001.In December 2001 daily productionfrom Val d’Agri peaked at 45,000barrels due to the entry into serviceof the Monte Alpi pipeline whichcarries oil from the Viggiano oilcenter to Eni’s Taranto refinery.Other relevant fields are Rospo inthe Adriatic Sea, Vega offshoreSicily, Gela and Ragusa in Sicily.In March 2002, Eni entered anagreement for the sale of the 25%interest held in the Gorgoglioneconcession in Basilicata, where theTempa Rossa field is located,subject to approval from relevantauthorities. The achievement of full productionof the Val d’Agri fields will offsetdeclines of mature fields and willenable Eni to increase its dailyhydrocarbon production in Italyfrom the present 308,000 boe levelto a peak of 330,000 boe in 2003.
I T A L Y
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PERMITS
PRODUCTION ANDDEVELOPMENT AREA
OIL FIELDS
PIPELINE
0 100 km
ALGERIA
TUNISIA
Libya
ALGIERS Skikda
Gabes
TRIPOLI
LARICHOUED ZAR
ECH CHOUECH
CHOUECH ESSAIDA
DEBECH
EL BORMADJEBELGROUZ
MAKROUGA
L a m p e d u s aI s .
( I t a l y )
200 m
MAAMOURA
La Skhira
MAHARES
TUNIS
G u l f o f G a b e sDjerba Is .
M e d i t e r r a n e a n S e a
TRANSMED GAS LINE TO ITALY
F
D
H
LE-G8
6
73
5
4
1
B A
RERN
RODBSF
SFNERDB
PantelleriaIs.
( I t a l y )
P R O D U C I N G A R E A S
A L G E R I A
Eni has been present inAlgeria since 1981; its
principal oil producing fields arelocated in the Bir Rebaa area.Oilfields operated by Eniaccounted for approximately 6% ofAlgeria’s annual production in
N O R T H A F R I C A
2001. In 2001 oil productionstarted at the HBN field where Eniincreased its share from 25.5% to34.63% after the acquisition ofLasmo, producing 16,000barrels/day net to Eni.The achievement of full productionat the HBN field, the expected
startup in 2003 of production fromthe ROD field and the developmentof Lasmo fields acquired in 2001 (inparticular the second developmentphase of HBNS and its satellitefields) will generate an increase indaily oil production from the presentlevel of 35,000 barrels/day to over80,000 by 2004.
E G Y P T
Eni has been present inEgypt since 1954 and is
the leading international operator.In 2001, Egypt’s total annualhydrocarbon production peaked at418,000 boe/day (180,000 boe netto Eni); fields operated by Eniaccounted for 33% of this amount.Oil and condensate productionaccounts for over 50% of Eni’sproducing activities and comesmainly from the Belayim andAshrafi fields in the Gulf of Suezand from the Melehia field locatedin the Western Desert.Eni’s principal natural gas producinginterests are concentrated in the NileDelta, onshore the El Qar’a and AbuMadi fields and offshore, the ElTemsah, Port Fouad (former North PortSaid), Ras El Barr and Baltim fields.In 2001, natural gas daily productionamounted to 83,000 boe (net to Eni)and production started at the TemsahNW field in the Temsah concession(Eni’s share 25%). Daily productionfrom this field is expected to reachover 62,000 boe of natural gas(20,000 net to Eni) and about 20,000barrels of condensates (7,000 net toEni) in 2002.
EGYPT
Libya
IsraelMatruh
Suez
Asyut
Luxor
M e d i t e r r a n e a nS e a
R e dS e a
El HamraTerminal
Western desert
200 m
N i l e R iv e r
CAIRO
PERMITS
PRODUCTION ANDDEVELOPMENT AREA
OIL FIELDS
GAS FIELDS
PIPELINE0 100 km
Sidi KarirTerminal
EO
G
11
NN
Y
1
1
15
14
124
Alexandria
LIBYA
Tunisia
Algeria
G u l f o f S i r t e
TRIPOLI
Bengazi
M e d i t e r r a n e a nS e a
200 m
SabrataTerminal
Zuetine Terminal
PERMITS
DEV./PROD. AREA
OIL FIELDS
GAS FIELDS
OIL DISCOVERY
PIPELINE
PLANNED PIPELINE
0 100 km
C
1
5
10
BOURI
NC 41
D WAFA
BU ATTIFEL
A
A
A
OO
RIMAL
KATIB
ELEPHANT
BNC 40 A
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P R O D U C I N G A R E A S
became operator of this field afterthe purchase of Lasmo increasing itsinterest in the development phasefrom 16.67 to 33.34%. Production isexpected to peak at 150,000barrels/day (35,000 net to Eni) in2006. In 2004 the first production is
In the medium term the increase inproduction of these fields, besidesoffsetting the natural decline ofmature oil producing fields, willlead to an increase in dailyproduction from the present 180,000boe level to over 190,000 in 2004.
L I B Y A
Eni started operations inLibya in 1959 and is the
leading international operator, withoil fields operated by Eniaccounting for approximately 14%of Libya’s annual oil production.Eni’s principal producing interestsare located in two areas: onshore inthe Bu-Attifel field, where Eni isoperator with a 50% interest, andoffshore in the Bouri field, whereEni is operator with a 30% interest. In the second half of 2003 thestartup of the Elephant oil field inthe NC-174 permit is expected. Eni
expected from the Wafa field at aninitial level of 39,000 boe/day. In2005 the first production is expectedfrom Structure C of permit NC-41.These initiatives will lead to anincrease in daily hydrocarbonproduction from the present level of87,000 boe to approximately200,000 boe in 2005.
T U N I S I A
Eni has been present inTunisia since 1961; its
main producing interests are in theEl Borma oil field and in the oil andgas Hammouda and Oued Zar fields.In 2001 the development of thenatural gas project at Oued Zar (Eni’sinterest 50%) was completed with aproduction of 3,000 boe/day, doublinggas production of the field (1,500 netto Eni). In the next four yearshydrocarbon production in Tunisia isexpected to decline slightly from thepresent level of 15,000 boe/day.
N O R T H A F R I C A
CABINDA
A t l a n t i c O c e a n
00 m
200 m200 m
Malongo Terminal
ANGOLA(Cabinda)
ANGOLA
Ambrizete
200 m
DemocraticRepublicof Congo
PERMITS
PRODUCTION ANDDEVELOPMENT AREA
OIL FIELDS
GAS FIELDS
PIPELINE
0 25 km
C ongo R i ve r
MONDO
BATUQUESAXI
WAMBA
34
1B
1C
1A
SAFUEIRO
IMPALAIMPALA S.E.
NUNCE S.KUMA
CAAMA CENTRECAAMAGAZELACACOOOMBO
COBO
PACASSA
BUFALO
PUNJA
CEFOGOLUNGO
QUISSAMAPALANCA N.E.
PALANCA
N'SANO
KUNGULO
KALILIMBA
MAL. S.
LIVUITE GAS
LIVUITEOIL
LOMBA
KUITOBENGUELA
BELIZELONGUI
KOKONGO
N'DOLA
N'KASSASANZAMO
N'TENE
N'BILI
SANHABOMBOCO
VANZANEMBA
BANZALA
KAMBALA
TAKULA
MALONGO N.
N'SANGUI
NUMBIVUKO
KISSANJE
DIKANZACHOCALHO
HUNGOMARIMBA
TOMBOCO
70-CLIFUA
XIKOMBA
106-C
MINZU
MBULUMBUMBAMAVACOLA
KizombaArea
VICANGO
LANDANA
TOMBUA
LOBITO
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P R O D U C I N G A R E A S
A N G O L A
Eni has been present inAngola since 1980. Eni’s
main oil producing interests arelocated offshore in Blocks 14, 1, 3and 0 with 20, 50, 15 and 9.8%share respectively. In Block 14 inlate 2001 the third developmentphase of the Kuito field started andthis will allow an increase inproduction from the present 60,000barrels/day to a peak of 95,000barrels/day by the second half of2002 (12,000 and 16,000respectively net to Eni). In Block14 exploration confirmed the size ofthe Landana field and appraisal isongoing for the full definition of thepotential of the recently discoveredBenguela, Belize, Tomboco, Lobitoand Tombua fields. In area B ofBlock 0 in the fourth quarter of2001 production started at theNemba Nord platform, whichincreased daily production from42,000 to 45,000 barrels net to Eni.Eni participates with a 20%interest in Block 15 withrecoverable reserves1 amounting toapproximately 2.7 billion barrels ofoil, in this area in 2001development of the Kizomba Aproject started. This is the mostimportant project in West Africaand aims at starting production atthe Hungo and Chocalho, fields,
W E S T A F R I C A
which hold recoverable reserves ofabout one billion barrels.Production is expected to start inlate 2004 and to peak in 2005 at250,000 barrels/day (43,000 net toEni). The increase in production at Kuitoand development of the Benguela-Belize field in Block 14 and of theKizomba A project in Block 15 will
double the present production levelof 64,000 barrels/day by 2005.
C O N G O
Eni has been present inCongo since 1968 and is
the second largest international oilproducer, with oil fields operated byEni accounting for approximately26% of Congo’s total oil production
(1) Amounts of hydrocarbons included in differentcategories of reserves (proved, probable andpossible), without considering their differentdegree of uncertainty.
CONGO
Gabon
Pointe Noire
A t l a n t i c O c e a n
200 m
200 m
PERMITS
PRODUCTION ANDDEVELOPMENT AREA
OIL FIELDS
OIL DISCOVERY
PIPELINE
0 50 km
DjenoTerminal
4
4
67
LOANGO
ZATCHIMWAFI
LIKOUALA
KOMBI
YANGA
TCHIBOUELAKITINA
KTNS M
SOUNDA
SENDJI
FOUKANDA
SNDM-3
TCH 3TCH 1
TCH N.E.
LUS-1
LUS W.1
LIKALALALIBONDO
DJAMBALA
LOUSSIMATCHIBELI
LITANZI
TCHENDO
ANDROMEDE 1
AWAM 1
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P R O D U C I N G A R E A S
in 2001. Eni’s principal oilproducing interests in Congo are theKitina, Foukanda and Mwafi fields,where it acts as operator, andLoango, Zatchi and the Pointe NoireGrand Fond fields. In July 2001,
production started at the Foukandaand Mwafi fields (Eni’s interest65%) only three years from theirdiscovery (March 1998) and reacheda level of 6,000 barrels/day, in2001, while a peak of 17,000
barrels/day is expected in 2003. Production growth in these fieldswill allow Eni to increase daily oilproduction from the present level of69,000 barrels to a peak of 80,000barrels in 2003.
G A B O N
Eni has operated inGabon since 1981; its
only producing interest is theLimande oil field (80% interest)located off the southern coast of thecountry; its production is expectedto remain at about 2,000 barrels/dayin the next four years.
N I G E R I A
Eni has been present inNigeria since 1962. The
fields operated by Eni accountedfor approximately 8% of Nigeria’soil production in 2001. Eni’sprincipal producing interests inNigeria are in four onshore Blocks(OML 60, 61, 62 and 63) in theNiger Delta, where it acts asoperator with a 20% interest, andin the offshore OML 116 block(former OPL 472 Agbara) and OML119 (former OPL 91), where itparticipates through servicecontracts. In December 2001production started at the Okonofield in this block and in 2003production will start in the Okpohofield; in 2005 production at the twofields is expected to reach a peakof 16,000 barrels/day, net to Eni.Eni signed a PSA for the explorationof offshore Block 244, where Eni isoperator with a 90% interest. Plans
W E S T A F R I C A
200 m
500 m
1.000 m
G ul f
o f G u i n e a
NIGERIA
Nige r R i v e r
Terminaledi Brass
E&P LICENCE
OIL FIELDS
GAS FIELDS
OIL DISCOVERY
PIPELINE0 25 km
OML 32
OML 41
OML 38
OML 34
OML 18
OML 28OML 31
OML 63OML 36
OML 32
OML 1
OPL 316
OML 40
OML 45
OML 44OML 81
OML 79
OML 118
OML 46
OML 42
OML 4
OML 30 OML 60
OML 39
OML 5
OML7
OML 15
OML 27
OML21
OML 16
OML 11OML 13 OML 14
OML 23
OML 24OML 29OML 33
OML 25 OML 19
OML 74
OML 72OML 71
OML 77
OML 116
OPL 219
OPL 244
OML 17
OML 22
OML 26
OML 61OML 35
OML 62
OML 43
OML 119
OPL 211
OML 38
OML 34OML 20
OML 18
OML 28OML 31
EscravosTerminal
ForcadosTerminal
EA
Qua IboeTerminal
BonnyTerminal
OPUAMA
OTUMARAJONES CREEK
RAPELEKOKORI
OZORO
OKPAI
OGUTAACRI
AGWEW.
EGBEMA
IBIGWEASSA
AHIA
OBELE OTAMINI
UMUECHEMAGBADA
AKPORAPARA
ELELENWA
AFAM UMUOSI
BONNY
KALAEKUELE
BOGUMA CREEK
OZAIMO RIVER
OLOIBIRI
KUGBOOBAMA
S.ta BARBARAROBERTKIRI
SOKU
NEMBE CREEK
ODEAMA CREEK
AGBARA
EKULAMAKRAKAMA
ALAKIRI
ORUBIRI
BODO W.BOMU
YOKURU
YORLA
OPOBO
UTAPATE SOUTH
AKATA
CAW THORNE CHANNEL
ONNE
KOROKOROTAI
EBUBUAJOKPORI AFAM
OBIGBO
ISIMIRIOBIGBON
NKALI
ENWHEKOLO CREEK
OBRIKOM
OGBOGENEUMUORUOMOKU
OGINI
OBIAFUEBEGORO
S.SAMABRI IDU
OSHI
MANUSO
EAST NEADIBAWA
TAYLOR CREEKUBIE
BENIKU
ANIEZE
ODUGRI
UGADA
MBEDEEBOCHAISOKO S.OLOMORO
ASHAKAKWALE
UTOROGU
EVWRENIORONI
ANGALELEI
ETELEBOUEKEDEI
NUN RIVER
BENISEDE
EA
OPUKUSHI
CLOUGH CREEK
OGBAIMBIRI
AZUZUAMA
DIEBU CREEKTEBIBADA
ELEPA
UZERE
EASTOWEH
ERIEMU
OSIOKA
WEST UGHELLI
EGWABATAN
AJUJUODIDI
SAPELE
AMUKPE
NORTH OBEN
SAGHARA
ABO
FORCADOS YOKRI
BENIBOYE N.
OKPOKONOU
TUOMO
ESCRAVOSBEACH
BONGA
OKPOHO
KRAKAMA
OVOWARRI RIVER
SAPELE
BOLIA 1
OKONO
IRRI -
AFIESERE
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P R O D U C I N G A R E A S
provide for a seismic campaign andthe drilling of two exploration wells.Eni’s activities in Nigeria include a5% interest in NASE, the largest oiljoint venture in the country relatingto hydrocarbon production from 43onshore blocks; through NASE Enialso holds a 12.86% interest in fiveoffshore blocks. Eni holds a 10.4%share in the Nigeria LNG Companya consortium managing the Bonnyliquefaction plant for the treatmentand export of liquefied natural gas.
The plant is currently beingupgraded with the construction of athird treatment train which willincrease total capacity from 7.6 to11.4 billion cubic meters/year ofLNG by 2003. With the assignment,in March 2002, of the contracts forthe fourth and fifth treatment trains,the plant will increase its overallproduction capacity up to 21.8billion cubic meters per year ofLNG. Work will be completed bythe end of 2005 and with this
initiative Eni’s quota of the total gasreserves committed to theliquefaction plant amounts to 44billion cubic meters.The startup of the deep offshoreBonga and Abo fields and of theEA, Yokri and Cawthorne Channelprojects as well as the increase inliquefied natural gas volumestreated at Bonny’s plant will lead toan increase in Eni’s production fromthe present level of 98,000 boe/dayto over 160,000 boe/day by 2005.
W E S T A F R I C A
N o r w e g i a n S e a
Denmark
Finland
Sweden
NORWAY
B a l t i cS e a
G u l fo f
B o t h n i a
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
NORNE
AASGARD
COD
W. EKOFISKELDFISK
TOREKOFISK
E. ELDFISKEDDA
200 m
500 m
200 m
200 m
PERMITS
PRODUCTION ANDDEVELOPMENT AREA
SISMIC OPTION
OIL FIELDS
GAS FIELDS
OIL DISCOVERY
PIPELINE
0 100 km
OSLO
Bergen
Stavanger
Goteborg
Trondheim
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P R O D U C I N G A R E A S
N O R W A Y
Eni has operated inNorway since 1964. Eni’s
principal producing interests in theNorth Sea are located in the Ekofiskfield (12.39% interest) and in theNorwegian Sea in the Aasgard (7.9%interest) and Norne (6.9% interest)fields. In 2001, production of theEkofisk, Aasgard and Norne fieldsaccounted for 62 and 38%respectively of Eni’s production inNorway (57 and 34% in 2000).Hydrocarbon production is expectedto increase from the present level of84,000 boe/day to the peak of100,000 boe/day in 2002, which willbe maintained also in 2003.
U N I T E D K I N G D O M
Eni has been present inthe United Kingdom since
1964. Eni’s principal producinginterests in the United Kingdom arelocated in the B-Block (averageinterest 60%) and in the T-Block(which contains the Thelma, Tiffanyand Tony fields), where Eniincreased its interest from 47.48% to77.48% after a purchase. In theseEni is operator, while other importantfields are the J-Block (33%), Hewett(27.35%), Ninian (12.94%), Magnus(5%) and Thames (23.3%), alongwith Lasmo fields such as McCulloch(40%), Andrew (16.21%), Hamilton(45%), Lennox (45%), Douglas (45%)and Cook (20%). In 2001, productionfrom the T-Block and the J-Blockaccounted for 9 and 8% of Eni’s totalhydrocarbon production in theUnited Kingdom, respectively. In
2001 production of oil and gasstarted at the Elgin and Franklinfields at a yearly level of 14,000boe/day net to Eni. Eni’s assetportfolio is undergoing arationalization process whichprovides for the sale of marginalassets. In March 2002 Eni sold a
12.4% interest in the Banff oil field,a 19.5% interest in the Hudson oilfield and a 19% interest in the Otteroil field, a 9.3% interest in thePickerill gas field as well asassociated interests in the BrentPipeline System and Sullom VoeTerminal and exploration licenses.
N O R T H S E A
UNITED KINGDOM
O r k n e yI s l .
A t l a n t i cO c e a n
N o r t hS e a
C e l t i cS e a
2 0 0 m
200 m
2 0 0 m
3
5 0
0
5 1
5 2
5 4
5 5
5 6
5 9
6 0
6 1
6 23
45
Cardi f f
Norwich
LONDON
BACTON
Theedlethorpe
France
Calais
Heysham
Teesside
Glasgow Edinburg
Aberdeen
Cruden Bay
Dover
Wales
Scotland
N. I reland
I reland
BELFAST
DUBLIN
S h e t l a n d I s l .
PERMITS
PRODUCTION ANDDEVELOPMENT AREA
OIL FIELDS
GAS FIELDS
PIPELINE
0 100 km
Norway
Sullom Voe
I r i s hS e a
TIFFANY
MAUREEN-MOIRA
EVEREST
MEDAN-PIERCE
TONYTHELMA
S.E. THELMA
RENEE
MIRREN
BLANE
JANICE
ELGINFRANKLIN
SHEARWATER
BRAE
BANFF
46
454838
51
394244
34
3743 35-36
3031
3341
49
3247
55-52
5450
RUBIE FORTIES
CLAYMORE
GALLEY
PIPER 78
8074
63
81 7584
73
79 69
71
76
726659-61
ANDREW
60
83
6458
MARNOCK
BIRCHMAC
CULLOCH
“B” BlockBALMORAL
“J”Block
53
COOK
THELMA
57
62 6568
82
77
67
PIPELINE FR
OM NORWAY
JOSEPJUDY
JOANNE
56
40
GLAMISSTIRLING
W. BURE
PICKERILL
DAWNDELLA
BIG DOTTY
THAMES
RAVENSPURN
DEBORAH
FORBIESGORDON
HAMILTON N.HAMILTON
DOUGLAS
ASLANDLENNOX
HEWETT
8595
9293
MARKHAM
94
89
88
90
87 91
86
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P R O D U C I N G A R E A S
Production increases at Elgin andFranklin and at Lasmo fields willlead to an increase in hydrocarbonproduction from the present level of202,000 to a peak of over 210,000boe/day in 2003.
N E T H E R L A N D S
Eni, present in theNetherlands due to the
acquisition of Lasmo, is operator witha 37.53% interest in the Markhamnatural gas field which in 2001produced 2,000 boe/day.
R E S T O FT H E W O R L D
C H I N A
Eni has been present inChina since 1983; it holds
a 16.3% interest in the CACTConsortium, the largest oil producerin the Chinese offshore, whichproduced 89,000 barrels/day in 2001(12,000 net to Eni). The developmentof fields recently discovered in theconsortium area will offset thedecline of mature fields keeping dailyproduction at the present level in thenext four years.
C R O A T I A
After the first platform,called Ivana A, in the
Adriatic offshore started natural gasproduction in 1999, Eni and Ina, theState-owned Croatian company, in2000 and 2001 started its satelliteplatforms, Ivana B, D and E,doubling production. The field islocated at a water depth of
approximately 43 meters, 40kilometers west of Pola. Productionnet to Eni is expected to increasefrom the present level of 4,000boe/day to 12,000 boe/day by 2005,through the contribution of the Ika,Ida, Annamaria and Marica fieldspresently undergoing development.
E C U A D O R
The Villano oil field,operated by Eni with a
100% interest is Eni’s first oilproducing field in Latin America.In 2001, this field produced 35,000barrels/day (25,000 net to Eni).This production level is expected toremain stable in the next four years.Construction of OCP pipeline (Eniinterest 7.51%) is underway. Thisnew pipeline and the existent SOTEpipeline will ensure transportcapacity necessary to meet fieldproduction requirements.
N O R T H S E A
G u l f o f M e x i c o
Louisiana
Mississippi
Texas
Houston
50 m
100 m
200 m
500 m
New Orleans
19
10
57
9
10
17
9
9
5
8
1
1
11
1134
14
18 16
117
2
2112
ATWATER
MAINPASSAREA
MISSISSIPPICANYON
EUROPA
MEDUSA
MOBILE
CHAMPLAIN
VIOSCA KNOLL
H I G H I S L A N DA R E A
S A B I N EP A S SA R E A
E U G E N EI S L A N D
A R E A
S H I PS H O A LA R E A
W E S TD E L T AA R E A
G R E E N C A N Y O N
E W I N G B A N K
W A L K E R R I D G E
K E A T H L E Y C A N Y O N
G A R D E N B A N K SATWATER
W E S TC A M E R O N
A R E A
MACARONI
S O U T HP E L T OA R E A
B R E T O NS O U N D
KING KONG
ALLEGHENY
MORPHET
40
5252
52
5252 40
46
62
54
54 6140
46
4652
5246
33
46
46
4646
52
52
52
52
52
52
52
52
52
52
52
52 46
45
46
46
46
44
4860
31
3047
4965
6753
32 56 4336366964
42
39
7176
3072
70
41
41
50
37 59
4130
76
3574
63
7566
63
57
JOSEMITE
V E R M I L I O NA R E A
G R A N D I S L EA R E A
S O U T HM A R S HI S L A N D
A R E A
S O U T H T I M B A L I E RA R E A
E A S T C A M E R O N
A R E AS O U T HP A S SA R E A
83
91
80
89
81
83
8383 83
83
83
10
84
8684
88
85
96
9
9
80
8087
95
94 92 93
80
CORPUSCRISTI
BRAZOSAREA
GALVESTONAREA
EAST BREAKS
ALAMINOS CANYON
MATAGORDA ISLAND
AREA
MUSTANGISLAND
AREA
PORTISABEL
TRIDENT
1,000 m
2,000 m
PERMITS
PRODUCTION ANDDEVELOPMENT AREA
OIL FIELDS
GAS FIELDS
OIL DISCOVERY
OIL & GAS DISCOVERY0 25 km
P R O D U C I N G A R E A S
K A Z A K H S T A N
Eni has been present inKazakhstan since 1995.
Eni is co-operator with a 32.5%interest together with British Gas ofthe Karachaganak field. In 2001,production of condensatesamounted to 23,000 barrels/day(net to Eni), production of naturalgas amounted to 19,000 boe/day(net to Eni). The seconddevelopment phase of this field isongoing and it aims at increasingdaily production of condensates to62,000 barrels/day and natural gasproduction to 35,000 boe/day by2005.
Q A T A R
Eni has been present inQatar since 1992 with
interests in the offshore Alkaliji oilfield located in Block 6 (Eni’s interest45%). The second development phaseis ongoing and is expected to bringpresent production levels (6,000barrels/day) to a peak of 13,000barrels/day by 2002.
U N I T E D S T A T E S
Eni has been present in theUnited States since 1966
and holds various mineral rights in theGulf of Mexico. Eni’s main producingfields are located in the Grand Isle
(where Eni is operator with a 100%interest), Mississippi Canyon (Eni’sshare 16.46%), Macaroni (34%),Europa (32%) and Allegheny andMorpeth concessions (both operatedby Eni with a 100% interest).In March 2002 in Block GreenCanyon 516 (Eni’s interest 50%)production of natural gas started in theYosemite and King Kong fields withthe objective of reaching a peak of25,000 boe (12,000 net to Eni) by theyear-end. The development of recentlydiscovered fields will increase dailyhydrocarbon production from thepresent level of 46,000 boe to a peakof over 70,000 in 2004.
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R E S T O F T H E W O R L D
F l o r e s S e a
T i m o rS e a
J o s e p hB o n a p a r t e
G u l f
B a l i S e a
S a w u S e a
M o r oG u l f
G u l fo f
T h a i l a n d
I n d i a nO c e a n
P a c i f i cO c e a n
S o u t h C h i n aS e a
A n d a m a nS e a
C e l e b e sS e a
J a v a S e a
S u l u S e a
B a n d a S e a
A r a f u r aS e a
M o l u c c aS e a
A n d a m a nI s l a n d s
N i c o b a rI s l a n d s
Sumatra
Java
Buru Seram
NewGuinea
Cambodia
Thailand Laos
Vietnam
India
BruneiMalaysia
Celebes
Halmahera
Timor
Borneo
Malaysia
Philippines
I N D O N E S I A
Australia
Burma
JAKARTA
Dili
BandaAceh
JambiBengkulu
Surabaya
Denpasar
Kendari
Manado
Kupang
Mataram
UjungPandang
Palu
Palangkaraya
Pontianak
Medan
SINGAPORE
MANILABANGKOK
YANGONRANGOON
PERMITS
PRODUCTION ANDDEVELOPMENT AREA
OIL FIELDS
GAS FIELDS
0 400 km
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P R O D U C I N G A R E A S
I N D O N E S I A
Eni is present inIndonesia following the
acquisition of Lasmo. Its producinginterests are located in the onshorearea in east Kalimantan, regulatedby the Sanga Sanga PSA (Eni’sinterest 38%) operated by VirginiaIndonesia Company (VICO) inwhich Eni holds a 50% interest.This area produces mainly naturalgas (about 80%). This gas is treatedat the Bontang liquefaction plant,the largest in the world, and isexported to the Japanese, South
Korean and Taiwanese markets.Daily hydrocarbon production in thenext four years is expected toremain at the present average levelof 38,000 boe net to Eni.
V E N E Z U E L A
Eni, is present inVenezuela following the
acquisition of Lasmo and isoperator with 100% of the Dacionoil field regulated by a servicecontract with a 20 year term, in2001 daily production from thisfield amounted to 39,000 barrels
net to Eni. The development of thisfield aims at reaching a productionpeak of 90,000 barrels/day in2004. In addition Eni holds a 40%interest in the development projectof the Corocoro oil field, located inthe Paria Gulf between Venezuelaand Trinidad.
P A K I S T A N
Eni has been present inPakistan since 2000
following the acquisition of British-Borneo and reinforced itsposition in the country with the
A r a b i a nS e a
PAKISTAN
India
Indus Rive r
Indu
s Ri ve
200 m B
C
A
BADHRA
D
6
7
12
23
8
5
4
4
E
KARACHI
Hyderabad
PERMITS
PRODUCTION ANDDEVELOPMENT AREA
GAS FIELDS
0 100 km
C o s t s a v i n g s i n f i r s t y e a rmi l l i o n eu r o
L A S M O I N T E G R A T I O N
D e c e m b e r 2 0 0 0e s t i m a t e
C u r r e n te s t i m a t e
8 0
3 5 3 5
6 5
1 0 0+ 2 5 %
4 5
O v e r h e a d
E x p l o r a t i o n
A C Q U I S I T I O N O F C O M P A N I E S
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acquisition of Lasmo. Eni’s mainnatural gas producing field isKadanwari (18.42%). Other naturalgas fields are under development:Bhit (Eni is operator with a 40%interest), Zamzama (Eni’s interest17.75%), Sawan (Eni’s interest23.7%) and Miano (Eni’s interest15.16%). Daily production ofnatural gas is expected to increasein the next four years from thepresent level of 2,000 boe to over30,000 boe in 2005.
L A S M OIn 2001, Eni acquired the Britishcompany Lasmo Plc through a PublicOffering in cash. Total expenditure forthe acquisition of 100% of Lasmo’sshare capital amounted to euro 5,353million (including net borrowings ofabout euro 970 million). Lasmo’s main assets are located inthe British section of the North Sea,in North Africa, Indonesia, Venezuelaand Pakistan. With this operation Enialso strengthens its position in keyareas in the North Sea and NorthAfrica, establishing a significantpresence in the Asian market whileexpanding its activities as operator inVenezuela. In 2001 Lasmo’s dailyproduction amounted to 201,000 boeand is expected to reach 260,000 boeby 2003. Recoverable reserves
acquired amount to 2,080 millionboe. Eni’s integration with Lasmo’soperating structure has been
completed with a benefit estimated atabout euro 100 million on an annualbasis.
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E X P L O R A T I O N A R E A S
D E E P O F F S H O R E
Starting from the excellentcompetence achieved in past years,Eni developed a comprehensiveplan for deep water exploration invarious areas in the world. Inparticular Eni is performingexploration activities in thefollowing areas.
G U L F O F G U I N E A
Eni acquired mineral rights inseveral countries. The relativeproximity of explored areas toexisting transmission infrastructure,combined with the use oftechnologically advancedequipment, will allow Eni toproduce at competitive cost levels.Exploration continues to yieldpositive results in Angola wherethree new discoveries were made:one in Block 14 (Tombua-1) and twoin Block 15 (Mavacola 1 andMarimba 2). In Congo Eni ownssignificant interests in two deepwater exploration blocks, MerProfonde Nord, where Eni isoperator with a 100% interest, andMer Très Profonde Sud (Eni’sinterest 30%). In Gabon Eni isoperator with a 50% share in threeoffshore permits (Mpolo, Chaillu andMeboun). In Nigeria Eni is operatorin three blocks OPL 244 (Eni’sinterest 90%) and OPL 211 andOPL 316 (Eni’s interest in both is50.2%), in the latter the Abo oil
field is in the development phase.In addition Eni holds a 12.5%interest in two deep water blocks,OPL 219 and OPL 212. In the firstone an oil discovery was made withwell Bolia IX; in the second blockthe Bonga oil well is in thedevelopment phase, while the BongaSW oil field was discovered.
M A U R I T A N I A
Eni holds a 35% interest in thearea covered by A and B PSAs(Blocks 3, 4 and 5) in the deepoffshore of Mauritania at a waterdepth from 200 to 2,600 meters,where hydrocarbons were foundwith the Chinguetti-1 well.
G U L F O F M E X I C O
In the deep offshore of the Gulf ofMexico discoveries were made inthe Green Canyon 516 Block (Eni’sinterest 50%) with the Yosemite gaswell and in the Alaminos Canyon903 Block (Eni’s interest 8.5%)with the Trident oil well, drilled ata water depth of 2,953 meters,which represents a new worldrecord in drilling. A furtherappraisal well confirmed the highpotential of this area. In theChamplain structure in the AtwaterValley 63 Block a delimitation wellwas drilled which confirmed thehigh potential of the fielddiscovered in 2000. Eni increasedfrom 25 to 50% its interest in thisBlock.
B R A Z I L
Eni holds interests in 8 explorationand production licenses in the deepoffshore and is operator (with sharesfrom 45 to 100%) in three blocks fora total acreage of 13,888 squarekilometers in waters up to 2,800meters deep.
N O R W A Y
In 2001 the Norwegian Ministry forOil and Energy awarded anexploration license for offshoreBlock 35/1 to a consortium made upof three international oil companies,among which Eni with a 30%interest. In the Barents Sea Enidiscovered oil with the Goliath field,operated by Eni with a 25%interest.In the license PL134 (Eni’s interest30%) a new hydrocarbon discoverywas made with the Marvin well.
I R E L A N D
Eni holds and operates anexploration permit (with a 100% interest) including sixoffshore blocks at water depths of1,000-2,000 meters. Eni is alsoinvolved in three other explorationpermits.
D E N M A R K ( F A R Ø E I S L A N D S )
Eni holds and operates two offshore exploration licensescovering an area of 700 squarekilometers at 1,000 meter water depth.
Eni is among the best posi t ioned companies in the new and most promising mining areas. In the futuresuch areas wi l l g ive a substant ia l contr ibut ion to the growth in Eni ’s reserves and product ion.
K A Z A K H S T A N - N O R T H C A S P I A N S E A P R O J E C T
About 40 kmKalamkas
Kashagan Kairan
Aktote
11 12 9 10
5b 6b
11a 12a
12b
16a16a15a
4b
8a
1
5a 6a
KVI KVIIK
VIII
KXII
KXIII
KXI
Atyrau
KW-1
KE-2
KE-1
Eni 16.7% (+2.4%)Single operator
■ Blocks: 11■ Acreage: about 5,500 sqkm■ Water depth: 2-10 m■ Wells
-KE-1: discovery July 2000-KW-1: conf i rm May 2001-KE-2: conf i rm October 2001-KE-3: in progress
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E X P L O R A T I O N A R E A S
E X P L O R AT I O NO N S H O R E A N D
I N C O N V E N T I O N A LWAT E R S
M A I N A R E A S
C A S P I A N S E A
The Caspian Sea is one of the mostpromising areas in the world forhydrocarbon exploration.In Kazakhstan in February 2001,Eni was named single operator ofthe PSA concerning the NorthCaspian Sea project in the Kazakhoffshore. The joint venture isformed by Eni and six internationaloil companies. The area undercontract is made up of 11 blockscovering a total of over 5,500square kilometers at a depth of 2 to10 meters. Three wells were drilledin this area, the first two KE-1 andKW-1 about 40 kilometers from oneanother discovered a large reservoirin the Kashagan structure,approximately 75 kilometers south-east of Atyrau. The third well(KE-2), the first appraisal well,drilled at a depth of over 4,000meters yielded 7,000 barrels/day intest production and confirmed theimportance of the discovery.A second appraisal well (KE-3) iscurrently being drilled and asecond plant will start drilling thethird appraisal well (KE-5) insecond quarter of 2002. InSeptember 2001 the projectpartners signed a purchase and saleagreement with Bp and Statoil inorder to purchase in proportionalshares the interest of these two
companies. When the agreement isfinalized, after the granting ofauthorizations by the relevantauthorities, Eni’s share willincrease from 14.28 to 16.67%.In Azerbaijan Eni is operator (witha 25% share) in the offshore KurDashi Block, an area ofapproximately 600 squarekilometers. In the Shakh DenizBlock (Eni’s interest 5%), an area ofapproximately 860 squarekilometers in the Caspian offshore,exploration contributed to thedefinition of the extension of thenatural gas and condensates field.The development project for thisfield is in the starting phase afterthe conclusion of agreements withthe national company Socar and theTurkish company Botas for the saleof natural gas extracted.Following the acquisition of Lasmo, Eni has a 27.6% interestin the PSA-regulated onshoreexploration block in Turkmenistanknown as Garashsyzlyk. At the endof 2001 an exploratory well was
drilled to test the mineral potentialof the area.
R U S S I A
Eni signed a deal withAstrakhannefteprom Company (a company jointly owned byRegional Government of Astrakhanand the Stroytransgaz company) forthe acquisition of 50% of mineralrights of Severo Astrakhanskylicense, acting as operator. Thelicense concerns an area of highmineral potential of 1,800 squarekilometers situated at the mouth ofthe Volga, on the edges of the greatpre-Caspian sedimentary basin ofthe where important discoveries ofoil have been made. Recentexploration activities in the areahave indicated the presence ofhydrocarbons. Eni will continue itexploration activities in order todetermine the mineral potential ofthe area. The field is located in thevicinity of the Caspian PipelineConsortium’s oil pipeline in whichEni has a 2% stake.
E X P L O R A T I O N A R E A S
O T H E R A R E A S
A L G E R I A
Exploration activities conducted byEni in Algeria have given positiveresults in the El Ouar II permit(formerly Lasmo, Eni’s interest66.67%), the gas and condensateswell EOR-1 and Block P403d(100% Eni) and the oil well Rome 1.
A U S T R A L I A
Eni obtained (with a 25% share) anexploration license as operator inthe international cooperation area ofthe Timor Sea. The area covers2,740 square kilometers at waterdepths from 80 to 1,300 meters.Natural gas has been discovered inthe Blacktip-1 well in BlockWA-279-P (30% Eni) of theBonaparte offshore basin.
C H I N A
In 2000, Eni obtained anexploration permit in the Qaidambasin, in the central western part ofChina and signed a ProductionSharing Agreement with the nationalcompany CNPC, relating to a 7,000square kilometer area. Two oildiscoveries have been made in theSouth China Sea, in the Pearl RiverMouth Basin area in Block CACT16/19 (16.3% Eni) at wells HZ 19-2-1 and HZ 19-1-1.
C O N G O
A new oil discovery has been madein Block Marine X, operated by Eniwith a 72% quota at the Awa-Marine-1 well.
C R O A T I A
Through its operating subsidiaryINAGIP, Eni (with a 50% interest)operates the Aiza Laura explorationarea, located in the Croatianoffshore south of Ivana and coveringan area of approximately 4,300square kilometers. The relevantexploration period will expire in2003. In an area where gas waspreviously discovered at the Maricawell, a second commitment well isbeing drilled in the Korinastructure.
I N D O N E S I A
Eni has a 20% interest in the PSAthat regulates the Rapak area in theEast Kalimantan offshore.Hydrocarbons have been discoveredwith the drilling of three wells inthe Ranggas structure in thesouthern zone of the area.
I T A L Y
Exploration activities in Italy haveproduced positive results with thediscovery of an oil well atMiglianico (100% Eni) in thePescara basin and two gas wells atFauzia (60% Eni) in the SouthernAdriatic offshore and Quarto (66.7%Eni) in the Northern Appeninessouth of Piacenza.
P A K I S T A N
Gas has been discovered at theRehmat well in the Mubarak permit(38% Eni) in Pakistan, close to theKadanwari field operated by Eni.
T U N I S I A
Oil has been discovered at the HDAN-1 well, a satellite of the
Hammouda field (50% Eni) inTunisia. The well was immediatelyattached to existing productionfacilities.
Eni is present in conventional watersin Guyana, Trinidad & Tobago andVenezuela.
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