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Oil and gas production

Eni reported oil and natural gas production for the full year of 1,815 kboe/d.
This was calculated assuming a natural gas conversion factor to barrel equivalent which was updated to 5,550 cubic feet of gas equal 1 barrel of oil from April 1, 2010. On a comparable basis, i.e. when excluding the effect of updating the gas conversion factor, production showed an increase of 1.1% for the full year.
Production growth was driven by additions from 12 new field start-ups, particularly the Zubair field (Eni's interest 32.8%) in Iraq, and production ramp-ups at fields which were started-up in 2009 (for a total increase of 40 kboe/d).
These increases were partially offset by mature field declines. Lower entitlements in the Company's PSAs due to higher oil prices, as well as lower gas uplifts in Libya as a result of oversupply conditions in the European market were partly offset by lower OPEC restrictions resulting in a net negative impact of approximately 7 kboe/d.
The share of oil and natural gas produced outside Italy was 90% (90% in 2009).


  • Production of liquids Production of liquids
  • Production of natural gas Production of natural gas


Liquids production by geographic area

Liquids production (997 kbbl/d) decreased by 10 kbbl/d from 2009 (down 1%). The impact of mature field declines was partly offset by organic growth and production start-ups achieved in particular in:
  • Nigeria, due to the ramp-up of the Oyo project (Eni's interest 40%)
  • Italy as a result of the ramp-up of the Val d' Agri enhanced development project (Eni's interest 60.77%)
  • Tunisia due to the production start-up/ramp-up of the Baraka and Maamoura projects (Eni operator with a 49% interest)
  • Iraq: Zubair

Liquids production by geographic area


Natural gas production (4,540 mmcf/d) increased by 166 mmcf/d from 2009 (up 4%). The main increases were registered in Nigeria, due to projects start-up in the Block OML 28 (Eni's interest 5%), in Australia, due to ramp-up of the Blacktip project (Eni's interest 100%), in Congo, due to ramp-up of the M'Boundi gas project (Eni operator with a 83% interest), in Egypt, due to start-up of the Tuna field (Eni operator with a 50% interest), in Italy, due to start-up of the Annamaria project (Eni operator with a 90% interest) and in India, due to organic growth of the PY-1 project (Eni's interest 47.18%). These increases were offset in part by mature field declines.




Last updated on 13/05/11