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Eni Adds 1.0 Billion BOE of Resources in 2016; IDs 2017 Prospects
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Eni has reported its full year 2016 results.
Upstream Highlights: Discovered 1.1 billion boe of additional resources at a cost of 0.6 $/boe. Additions to the Company’s resources backlog of 3.4 billion boe in the latest 3 years, at a cost of 1 $/boe. Promising new prospects to be drilled in future years Divested a 40% interest in Zohr, proving the effectiveness of our dual exploration model Organic reserves replacement ratio surged to 193%, the best ever performance in Eni’s history. The 2016 reserves replacement ratio remains very robust at 139%, also considering the 40% sale of Zohr on a pro forma basis Kashagan and Goliat in production 2016 hydrocarbon production: 1.76 million boe/d in the year, in line with 2015, despite the Val d’Agri shutdown; 1.86 million boe/d in the quarter (down…- ✓ Full news archive — U.S., Canada & international coverage
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