Exploration & Production
Adjusted net profit was €5.95 billion, down by 19.8% from 2012, due to a lower operating performance. Liquids and gas production amounted to 1,619 kboe/d, down by 4.8%, impacted by geopolitical factors.
Solid cash flow at $30 per barrel. As of December 31, 2013 Eni’s net proved oil and gas reserves amounted to 6.54 bboe. The organic reserve replacement ratio was 105% on a comparable basis. The reserve life index is 11.1 years.
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Key performance indicators |
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2009 |
2010 |
2011 |
2012 |
2013 |
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Employees injury frequency rate |
(No. of accidents per million of worked hours) |
0.49 |
0.72 |
0.41 |
0.28 |
0.14 |
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Contractors injury frequency rate |
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0.59 |
0.48 |
0.41 |
0.36 |
0.26 |
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Fatality index |
(No. of fatalities per 100 million of worked hours) |
1.77 |
7.90 |
1.83 |
0.81 |
- |
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Net sales from operations (a) |
(€ million) |
23,801 |
29,497 |
29,121 |
35,881 |
31,268 |
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Operating profit |
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9,120 |
13,866 |
15,887 |
18,470 |
14,871 |
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Adjusted operating profit |
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9,489 |
13,898 |
16,075 |
18,537 |
14,646 |
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Adjusted net profit |
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3,881 |
5,609 |
6,865 |
7,426 |
5,952 |
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Capital expenditure |
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9,486 |
9,690 |
9,435 |
10,307 |
10,475 |
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Adjusted ROACE |
(%) |
12.3 |
16.0 |
17.2 |
17.6 |
13.5 |
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Profit per boe (b) |
($/boe) |
8.1 |
11.9 |
17.0 |
16.0 |
15.5 |
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Opex per boe (b) |
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5.8 |
6.1 |
7.3 |
7.1 |
8.3 |
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Cash Flow per boe (d) |
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23.7 |
25.5 |
31.7 |
32.8 |
31.9 |
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Finding & Development cost per boe (c) (d) |
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28.9 |
19.3 |
18.8 |
17.4 |
19.2 |
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Average hydrocarbons realizations (d) |
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46.90 |
55.60 |
72.26 |
73.39 |
71.87 |
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Production of hydrocarbons (d) |
(kboe/d) |
1,769 |
1,815 |
1,581 |
1,701 |
1,619 |
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Estimated net proved reserves of hydrocarbons (d) |
(mmboe) |
6,571 |
6,843 |
7,086 |
7,166 |
6,535 |
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Reserves life index (d) |
(years) |
10.2 |
10.3 |
12.3 |
11.5 |
11.1 |
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Organic reserves replacement ratio (d) |
(%) |
93 |
127 |
143 |
147 |
105 |
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Employees at year end |
(number) |
10,271 |
10,276 |
10,425 |
11,304 |
12,352 |
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of which: outside Italy |
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6,388 |
6,370 |
6,628 |
7,371 |
8,219 |
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Oil spills due to operations |
(bbl) |
6,259 |
3,820 |
2,930 |
3,015 |
1,728 |
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Oil spills from sabotage (>1 barrel) |
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15,288 |
18,695 |
7,657 |
8,436 |
5,493 |
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Produced water re-injected (>1 barrel) |
(%) |
39 |
44 |
43 |
49 |
55 |
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Direct GHG emissions |
(mmtonnes CO2eq) |
29.73 |
31.20 |
23.59 |
28.46 |
25.71 |
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of which: from flaring |
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13.84 |
13.83 |
9.55 |
9.46 |
8.48 |
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Community investment |
(€ million) |
67 |
72 |
62 |
59 |
53 |
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