Eni, the international oil and gas company, announced its group results for the fourth quarter and the full year 2012 (unaudited).
Financial highlights
Operational highlights
Paolo Scaroni, Chief Executive Officer , commented: “2012 was a record year for exploration at Eni with discovered resources about six times yearly production thanks to our outstanding achievements in Mozambique and our other successes in West Africa, in the Barents Sea and in Indonesia. We have also made significant progress in developing projects, further increasing our reserves to best ever levels. Production growth has delivered excellent operating profits at our Exploration and Production division. In Gas & Power and Refining & Marketing we have realised significant efficiency improvements that have allowed us to absorb most of the effects of the still difficult European scenario. Thanks to Eni’s capital structure, which has also been strengthened by the disposals of Snam and Galp, the company will achieve industry-leading upstream growth rates.”
[mappress] LNG World News Staff, February 15, 2013