operating review
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EEXPLORATION & PRODUCTION
ADJUSTED OPERATING PROFIT
FINDING & DEVELOPMENT COST
10.4 $/BOE
IN THE 2015–2017 PERIOD VS. 20 $/BOE IN THE 2012–2014 PERIOD
START-UP OF THE ZOHR GIANT FIELD
OVER 30 TCF
OF GAS IN PLACE. PRODUCTION PLATEAU IS EXPECTED AT 2.7 BCF/DAY
HYDROCARBONS PRODUCTION
1.82 MILLION BOE/DAY
(UP BY 3.2% FROM 2016), HIGHEST EVER LEVEL
DISCOVERED RESOURCES
1 BILLION BOE EQUITY
AT A COST OF APPROXIMATELY 1 $/BOE
STRONG CASH GENERATION
20.2 $/BOE
OR 14.1 $/BOE NET OF DISPOSALS
Innovative subsoil-analysis technology
HCP4, the most powerful computer in Europe, is at work in the Green Data Center in Ferrera Erbognone, revolutionising the study of deposits in the Oil and Gas sector through highly complex calculations.
GGAS & POWER
ADJUSTED OPERATING PROFIT
€ million
POWER PLANTS GHG EMISSIONS
LNG SALES
bcm
GAS SALES IN ITALY
37.4 BCM
DOWN BY 2.6%, VS. 2016 IN LINE WITH REDUCTION OF TAKE-OR-PAY CONTRACTS OBLIGATIONS
CUSTOMERS
8.8 MILLION
INCLUDING HOUSEHOLDS, PROFESSIONALS, SMALL AND MEDIUM-SIZED ENTERPRISES AND PUBLIC BODIES IN ITALY AND IN THE REST OF EUROPE
ELECTRICITY SOLD
TWh 35.3
IN ITALY AND ABROAD
LNG SALES
14.2 BCM
UP BY 14.5% VS. 2016 IN LINE WITH THE STRATEGY OF BUSINESS VALORIZATION
CUSTOMER SATISFACTION RATE
86.7
A CONTINUOUS GROWTH IN THE LAST THREE YEARS
RREFINING & MARKETING AND CHEMICALS
ADJUSTED OPERATING PROFIT
DIRECT GHG EMISSIONS
CONSUMPTION AND MARKET SHARE IN ITALY
REFINING BREAK-EVEN MARGIN
3.8 $/BBL
BENEFITTING FROM REFINERY SYSTEM SET-UP
GREEN REFINERY THROUGHPUTS
0.24 MMTONNES
UP BY +14% VS. 2016
REFINERY THROUGHPUTS ON OWN ACCOUNT
24.02 MMTONNES
-2% VS. 2016 DUE TO DOWNTIME OF SOME PLANTS
PRODUCTION OF PETROCHEMICAL PRODUCTS
5,818 KTONNES
+172 KTONNES VS. 2016 (+3%)
AVERAGE PETROCHEMICAL PLANT UTILIZATION RATE
73%
INCREASED COMPARED TO 2016 (71%)
Venice, the biorefinery that gives rise to eco-fuel
The transformation of the Venice refinery told by those who – with passion, determination and skill – every day help ensure the safety of a facility that is now transforming organic waste into biofuel.
