EXPLORATION & PRODUCTION

ADJUSTED OPERATING PROFIT

E&P – Adjusted operating profit (bar and line chart)

EXCELLENCE IN UPSTREAM OPERATIONS

E&P – Excellence in upstream operations (bar and line chart)

ADJUSTED NET PROVED RESERVES

E&P – Adjusted net proved reserves (bar and line chart)

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.