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Safety           Zero injuries



                                                                                                                                                   Respect for
                                                                                                                                                   the environment







                                                                                                                                           and know-how



                                                                                                                                                                                             Strategy execution

























                                                                                                                                                                                                                      Resilience








                   The operating model’s excellence lies in the constant commitment

                   to minimizing risks along the whole cycle of activities with respect to                                                       Exploration         Time to Market                            Value
                                                                                                                                                   successes          New projects                             maximization
                   people, assets and the environment, also thanks to Eni’s commitment

                   to research. For Eni creating long-term value originates in exploration

                   where the aim is to find resources to develop quickly, at low cost,                                                                                                             Growth


                   near field and, for gas, not too far away from the final market.

                   By using this approach in the last 3 years 3.4 billion barrels of oil

                   equivalent have been discovered, 25% of which have already been

                   transformed into proved reserves with sanctioned projects and another

                   25% being sold under the dual exploration model.
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