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.

Key performance indicators

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2009

2010

2011

2012

2013

(a)

Before elimination of intragroup sales.

(b)

Consolidated subsidiaries.

(c)

Three-year average.

(d)

Includes Eni’s share of equity-accounted entities.

Employees injury frequency rate

(No. of accidents per million of worked hours)

0.49

0.72

0.41

0.28

0.14

Contractors injury frequency rate

 

0.59

0.48

0.41

0.36

0.26

Fatality index

(No. of fatalities per 100 million of worked hours)

1.77

7.90

1.83

0.81

-

Net sales from operations (a)

(€ million)

23,801

29,497

29,121

35,881

31,268

Operating profit

 

9,120

13,866

15,887

18,470

14,871

Adjusted operating profit

 

9,489

13,898

16,075

18,537

14,646

Adjusted net profit

 

3,881

5,609

6,865

7,426

5,952

Capital expenditure

 

9,486

9,690

9,435

10,307

10,475

Adjusted ROACE

(%)

12.3

16.0

17.2

17.6

13.5

Profit per boe (b)

($/boe)

8.1

11.9

17.0

16.0

15.5

Opex per boe (b)

 

5.8

6.1

7.3

7.1

8.3

Cash Flow per boe (d)

 

23.7

25.5

31.7

32.8

31.9

Finding & Development cost per boe (c) (d)

 

28.9

19.3

18.8

17.4

19.2

Average hydrocarbons realizations (d)

 

46.90

55.60

72.26

73.39

71.87

Production of hydrocarbons (d)

(kboe/d)

1,769

1,815

1,581

1,701

1,619

Estimated net proved reserves of hydrocarbons (d)

(mmboe)

6,571

6,843

7,086

7,166

6,535

Reserves life index (d)

(years)

10.2

10.3

12.3

11.5

11.1

Organic reserves replacement ratio (d)

(%)

93

127

143

147

105

Employees at year end

(number)

10,271

10,276

10,425

11,304

12,352

of which: outside Italy

 

6,388

6,370

6,628

7,371

8,219

Oil spills due to operations

(bbl)

6,259

3,820

2,930

3,015

1,728

Oil spills from sabotage (>1 barrel)

 

15,288

18,695

7,657

8,436

5,493

Produced water re-injected (>1 barrel)

(%)

39

44

43

49

55

Direct GHG emissions

(mmtonnes CO2eq)

29.73

31.20

23.59

28.46

25.71

of which: from flaring

 

13.84

13.83

9.55

9.46

8.48

Community investment

(€ million)

67

72

62

59

53