The aim is to increase production at the rate of more than 3%, with a production target of over 2.05 mn barrels per day by 2014, assuming a Brent crude price scenario of $70 per barrel. Most of the projects that will make this growth possible over the next four years have already been approved or will reach the final investment decision (FID) stage by the end of 2011. In particular, newly launched projects like Goliat (Norway), Kashagan, Block 15/06 in Angola, and Samburgskoye in Russia, will produce around 630,000 barrels per day.
Eni's growth plans will be backed by strategic partnerships with oil- and gas-rich countries, where the Eni Cooperation Model combines the traditional activities of hydrocarbon exploration and production with sustainability and important initiatives involving unconventional and renewable sources.
Glossary
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Last updated on 17/05/11