Saipem stake disposal and Q3 results A major milestone in enis transformation 29 October 2015 www.eni.com
Eni strategy - progressing on three main pillars Growth 2015 production +9% 1.2 bln boe of new resources discovered Capex 17% and Opex per boe 12% Restructuring G&P ebit close to breakeven R&M and Versalis both ebit positive…
Saipem stake disposal 3
Saipem stake disposal 12.5% sale to FSI and deconsolidation Pro-quota participation in capital increase of 3.5 bln Full net debt reimbursement at completion Total net debt reduction to eni 5.1 bln 4
3Q results and YTD performance 5
E&P - production growth is supported by world class exploration oil & gas production kboed exploration discoveries 1,800 +9% US Permian Libya 1,700 Egypt Indonesia 1718 Gabon 1,600 Congo 1,500 1581 1.2 bln boe discovered…