FIELD TRIP TO ABU DHABI 19th September 2019 ADNOC Refining, Abu Dhabi
AGENDA FIELD TRIP A strategic transformation The integrated expansion in Middle East Focus on the Arabian Peninsula Enis commitment towards energy transition Future targets and ambitions 2
MANAGING THE DOWNTURN FIELD TRIP 2014 2018 UPSTREAM +16% PRODUCTION 1.851 MLN BOE/D EXPLORATION +37% NET ACREAGE 460,000 KM * 2 LNG CONTRACTED VOLUMES +63% LNG 8.8 MTPA DOWNSTREAM -50% REFINING BREAK-EVEN 3 **/BBL…
AN EFFECTIVE STRATEGIC PATHWAY FIELD TRIP EFFICIENCY INTEGRATION A DISTINCTIVE OPERATING MODEL A COMPLETE ENERGY OFFER TECHNOLOGY DEPLOYMENT DRIVING SUPERIOR RESULTS ACHIEVING GEOGRAPHICAL AND BUSINESS DIVERSIFICATION UPSTREAM…
ENIS OPERATING MODEL FIELD TRIP AN EFFICIENT EXPLORATION MODEL UNITARY EXPLORATION COSTS 2014-18 /boe CUMULATIVE DISCOVERED RESOURCES 2014-18 bln boe 6 Eni 5 Eni 5 4 Avg Peers* Avg Peers* 4 3 3 2 2 1 1 0 0 2014 2015 2016…
ENIS TECHNOLOGICAL EDGE FIELD TRIP MAIN TECHNOLOGICAL DEPLOYMENTS EXPLORATION DECARBONIZATION & CIRCULAR ECONOMY DEVELOPMENT DOWNSTREAM PRODUCTION 7,300 PATENTS AND 350 PROJECTS DIGITALIZATION and NEW GENERATION…
AGENDA FIELD TRIP A strategic transformation The integrated expansion in Middle East Focus on the Arabian Peninsula Enis commitment towards energy transition Future targets and ambitions 7
ENIS PORTFOLIO IN MIDDLE EAST FIELD TRIP IRAQ LEBANON TSC Zubair Field (2010) 2 Offshore RAS AL KHAIMAH 5 Blocks (2018) COUNTRIES* 1 Offshore Block (2019) 2019-22 UPS INVESTMENTS 4.7 bln SHARJAH 600 ENI PEOPLE…
ENIS NEW INTEGRATED REGIONAL HUB MODEL FIELD TRIP MIDDLE EAST REGION EXP UPS DOT GLP R&M VERSALIS DES 9
AGENDA FIELD TRIP A strategic transformation The integrated expansion in Middle East Focus on the Arabian Peninsula Enis commitment towards energy transition Future targets and ambitions 10
EXPANSION IN THE ARABIAN PENINSULA FIELD TRIP NEW EXPLORATION OPPORTUNITIES 10 blocks 7 FIDs DEVELOPMENT including GHASHA THE LARGEST GAS PROJECT IN UAE BAHRAIN RAK PRODUCING FIELDS LOWER ZAKUM, UMM SHAIF/NASR 50 KBOED (2019)…
EXPLORATION PORTFOLIO IN THE ARABIAN PENINSULA FIELD TRIP BAHRAIN SHARJAH OFFSHORE BLOCK 1 ONSHORE AREAS A-B-C ABU DHABI OMAN OFFSHORE BLOCK 52 OFFSHORE BLOCKS 1-2 ONSHORE BLOCKS 47-77 RAS AL KHAIMAH OFFSHORE BLOCK A…
EXPLORATION ACTIVITY IN THE ARABIAN PENINSULA FIELD TRIP AGREEMENTS SIGNED FUTURE DRILLING PLAN Nov 2017 Jan 2019 April 2019 July 2019 Oman RAK Oman 2019 2020 Block 52 Block A Block 77 Sharjah Area B Bahrain Block 1 (1 well) (1…
ABU DHABI UPSTREAM DEVELOPMENT PROJECTS FIELD TRIP IN PRODUCTION NASR UNDER DEVELOPMENT UMM SHAIF BU HASSER SATAH ZAKUM SARB GHASHA HAIR DALMA HAIL ABU DHABI RUWAIS ABU DHABI 200 kboed FROM 2nd HALF OF NEXT…
FOCUS ABU DHABI: MAIN UPSTREAM KPIs FIELD TRIP CAPEX AVG IRR AVG BREAKEVEN PRICE 2.4 bln 21% 20-25 /bbl in the 4YP 15
CONCESSIONS ALREADY IN PRODUCTION FIELD TRIP UMM SHAIF & NASR (10% W.I.) LOWER ZAKUM (5% W.I.) EQUITY PRODUCTION (2019) 2P RESERVES LONG-TERM PLATEAU ( 2030) 50 KBOED 580 MBOE 1 MBOED (100%) 16
GHASHA PROJECTS FIELD TRIP DALMA GAS HAIL & GHASHA 25% ENI SHARE; OPERATOR: ADNOC 25% ENI SHARE; OPERATOR: ADNOC Sept. 2019 2022 2020 2024 FID START UP FID START UP Peak Production (100%) 50 kboed Peak Production (100%)…
DOWNSTREAM EXPANSION IN THE ARABIAN PENINSULA FIELD TRIP ADNOC REFINING CAPACITY Kbpd 1,100 922 CAPACITY CONVERSION CRUDE FLEXIBILITY EFFICIENCY Today 2024 ENI REFINING CAPACITY BY 2024 +40% vs 2018 ENIS REFINING…
A TRADING JV TO MAXIMIZE THE VALUE OF ADNOC REFINING FIELD TRIP (ADNOC GLOBAL TRADING) NORTH EUROPE TRADED VOLUMES JV 35 MTA full capacity NUMBER OF CARGOES/YEAR 900 full capacity EAST AFRICA FAR EAST START-UP 2020…
AGENDA FIELD TRIP A strategic transformation The integrated expansion in Middle East Focus on the Arabian Peninsula Enis commitment towards energy transition Future targets and ambitions 20
CONFIRMING ENIS STRONG COMMITMENT TOWARDS THE ENERGY TRANSITION FIELD TRIP In our core business In new green business areas UPSTREAM LNG DOWNSTREAM RENEWABLES CIRCULAR FORESTRY ECONOMY FORESTRY Increased efficiency New…
ABU DHABI CO2 MANAGEMENT STRATEGY (1/2) FIELD TRIP I CCS + CO2 injection for EOR Plateau 2030 - 360 ktoneqCO2/y I GHASHA 600 ktoneqCO2/y II Low/Zero-Carbon Field Electrification CCS + - 200 ktoneqCO2/y CO2 II CO2…
ABU DHABI CO2 MANAGEMENT STRATEGY (2/2) FIELD TRIP Carbon Capture and Storage Plants Stored CO2 to enhance oil recovery in BAB field Low/Zero-Carbon Field Electrification Dubai Ph-1 Zakum Zakum Satah Ph-2 Umm Shaif & Nasr &…
AGENDA FIELD TRIP A strategic transformation The integrated expansion in Middle East Focus on the Arabian Peninsula Enis commitment towards energy transition Future targets and ambitions 24
FUTURE TARGETS AND AMBITIONS FIELD TRIP 2022 2025 2030 AMBITIONS UPSTREAM PRODUCTION CAGR 2018-22 3.5% CAGR 3.5% 60% GAS PROJECT BREAKEVEN < 30 /BBL LNG & GAS RETAIL LNG CONTRACTED VOLUMES 14 MTPA 16 MTPA 20 MTPA RETAIL 12 MLN…