Exploration & Production
1.1 billion boe
of discovered resources
of discovered resources
continuing strong exploration
track record
-14%
opex decrease due
to efficiency improvements
Adjusted operating profit
(€ million)
(€ million)
Opex per boe
($/boe)
($/boe)
CO2eq emissions/operated
production
(tons C02eq/toe)
production
(tons C02eq/toe)
organic reserves replacement ratio of
193%
sale of 40%
in Zohr
in Zohr
Our dual exploration
model proved to be successful
Hydrocarbons production
(kboe/d)
(kboe/d)
Total recordable injury rate (TRIR)
(Total recordable injuries per mln worked hours)
(Total recordable injuries per mln worked hours)
Proved hydrocarbons reserves
(mmboe)
(mmboe)
-9%
improving upstream
GHG emissions, exceeding the target
Improved prospects of
organic production growth
notwithstanding a 17%
capex reduction vs 2015
How we reach a record
Seven special projects with one thing in common: extremely rapid approval and production start-up times. The secret is the simultaneous development preparation analysis, from the earliest stages of the exploration campaign, using key technology tool, essential for the management of uncertainty.