Eni S.p.a. · MIL:ENI
Eni — Investor Presentation (October 2002)
10 slides from Eni's investor presentation, October 2002
Slide 1: Eni Exploration & Production West Africa
Eni Exploration & Production West Africa Stefano Cao Chief Operating Officer E&P Division October, October, 2002 2002
Slide 2: Strong production growth
Strong production growth kboe/d Opec cut Actual production Growth Net of Opec cut 34 34 22 6% 9.7% 11.6% 1.441 1.468 1.445 9% 8% 1.387 4% 1.346 1.337 Eni 1Q 01 1Q 02 2Q 01 2Q 02 3Q 01 3Q 02E 2 Nigeria Field T rip
Slide 3: Strong production growth
Strong production growth kboe/d September production 1,497 kboe/d* 9.3% 1,482 ! Nine months growth rate: 9.3% 30 ! Nine months growth rate net OPEC 1,356 cut: 7% ! Well in line with 2002-2005 CAGR target (6%) * Net of Opec cut Eni Jan–Sep Jan–Sep 3 Nigeria Field T rip 2001 2002E
Slide 4: Eni Upstream Core Area: West Africa
Eni Upstream Core Area: West Africa 2001: 1,369 kboe/d 2005: above 1,700 kboe/d Rest of the World Rest of the World 18% Italy 25% Italy 22% 16% North North Sea Sea 21% 14% North North Africa Africa West West 22% 26% Africa Africa 17% 19% Eni 4 Nigeria Field T rip
Slide 5: Eni Upstream Core Area: West Africa
Eni Upstream Core Area: West Africa WEST AFRICA PRODUCTION PROFILE West Africa Production Trend: CAGR > 10 % 400 350 300 250 200 150 100 50 0 2001 2002 2003 2004 2005 Eni 5 Nigeria Field T rip
Slide 6: Eni Upstream core area: West Africa
Eni Upstream core area: West Africa Billion € West Africa: ~ 20% of total E&P 3.0 Exploration Capex 2002 2002--05 Development 0.4 2.6 0.8 0.1 0.7 Eni 2001 2002 - 05 6 Nigeria Field T rip
Slide 7: Eni core area: West Africa - Angola
Eni core area: West Africa - Angola A ND BI CA N Ox y O Democratic Repub lic NG Oc ea n In t. CO 0/A C of CONGO 14 0/B CABGOC 0/C S Fina Blocks with Agip Angola participating interest: CABGOC Soy o 15 1 ANGOL A 31 BP Es so 2 Te xac o KIZOMBA B ! Block 1/82 50% (AGIP ANGOLA Op.) Project ! Block 25 16
Slide 8: Angola Block 15 – Kizomba B (Kissanje & Dikanza)
Eni core area: West Africa – Angola Block 15 – Kizomba B (Kissanje & Dikanza) FPSO Description Offloading Buoy ! Water depth: 1,100 – 1,200 m Wellhead Platform Status Water Injection ! Field Development Plan and contracts awarding under Dikanza evaluation Kissanje Subsea Producers Producers Data (eq
Slide 9: Eni Core Area: West Africa - Nigeria
Eni Core Area: West Africa - Nigeria Eni key drivers in Nigeria Strong production growth Monetize equity gas Deep water Social and environmental issues Eni 9 Nigeria Field T rip
Slide 10: Eni in Nigeria: well balanced presence
Eni in Nigeria: well balanced presence Onshore Swamp Offshore Deep offshore Eni 10 Nigeria Field T rip