Eni S.p.A. Oil & Gas Exploration and Production Operations and Cost Analysis - Q3, 2014

 Published On: Nov, 2014 |    No of Pages: 91 |  Published By: GlobalData | Format: PDF
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Summary

Eni S.p.A. (Eni) is an integrated oil and gas company. It undertakes oil and gas exploration, production, management of gas infrastructures, and refining and marketing of petroleum products. Eni categorizes its business operations into seven reportable segments, namely, Exploration & Production; Gas & Power; Refining & Marketing; Versalis; Engineering & Construction; Corporate and financial companies; and Other activities. Its exploration and production segment undertakes oil exploration and field development of natural resources for production of crude oil and natural gas; besides managing liquified natural gas operations. Its operational properties are located across Italy, Libya, Egypt, Norway, the UK, Angola, the US, Russia, Algeria, Australia and Mozambique. Eniís gas and power segment carries out supply, trading and marketing of gas and electricity besides managing infrastructures for transport, distribution, storage, re-gasification of natural gas. Its refining and marketing segment undertakes refining and marketing of petroleum products. The major product offerings include fuels, bitumen, automotive and industry lubricants among others. The company operates in over 90 countries across Europe, Americas, Asia, Middle East and Africa, and Australia. Eni is headquartered in Rome, Italy

Eni S.p.A. Oil & Gas Exploration and Production Operations and Cost Analysis is the latest report from GlobalData, the industry analysis specialists, that offers comprehensive information on the operational and financial performance of the company. The report is an essential source for key operational data, analysis and strategic insight into company. The report provides latest annual and quarterly overview of production, reserves, share price performance, reserve changes, capital expenditures, acreage, performance metrics and results of oil & gas operations.

Scope

The report provides in-depth analysis and insights into companiesí capital spending, revenues, oil and gas reserves, production, and performance measures. Its scope includes -
- The report provides detailed and unique insights information on the key operational parameters. The report provides a comprehensive overview of production, reserves, reserve changes, capital expenditures, acreage, performance metrics, and results of oil & gas operations.
- Provides analysis of the share price performance of the company and the key valuation multiples. The report provides a comprehensive overview of share price performance and key valuation metrics such as market capitalization, enterprise value, EV/Production ($boe/d) and EV/Proved Reserve ($/boe)
- Provides annual and quarterly information on key operational and financial parameters. Annual information is for the current and the last four years while the quarterly information is for the current and the last four quarters
- The report provides detailed crude oil and natural gas reserves and production information of the company by country as disclosed in their annual report and regulatory filings.
- Contains in-depth and latest information on exploration, development, finding & development, acquisition expenditure, gross and net developed and undeveloped acreage position; key costs and revenue information; and performance metrics of the company as disclosed in their annual report and regulatory filings.

Note: Scope of the report mentioned above is generic and may not be applicable to all the companies. The report is based on the information disclosed by the company in their annual report and regulatory filings. Information that is not disclosed by the company may not be available in the report.

Quarterly information is covered only for those companies which are December ending and files quarter report. There might be cases where countries/regions data column/Charts will be blank for last five years. This is due to companies might have discontinued reporting of that countries/regions during the last five year time period.

Reasons to buy

The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to -
- Provides up-to-date information and in-depth analysis on operational parameters of the company.
- Identify M&A targets from up-to-date information and in-depth analysis on financial and operational parameters of your competitors.
- Rank your performance against other E&P companies using operational and financial benchmarking metrics.
- Formulate your strategies based on in-depth analysis of your competitorsí financial and operational data.
- Exploit the strengths and weakness of your closest competitors by comparing and analyzing their financial and operational parameters.
- Establish relative performance among the industryís players based on key operational and financial measures.

Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 5
Company Snapshot 7
Key Information 7
Company Overview 7
Eni S.p.A., Valuation and Financial Data 8
Eni S.p.A., Share Price Performance 8
Share Price Performance, Q3, 2013-Q3, 2014 8
Eni S.p.A., Key Valuation Metrics 9
Key Valuation Metrics, Q3, 2013-Q3, 2014 9
Eni S.p.A., Quarterly Results of Oil & Gas Operations Per boe Produced 10
Results of Oil & Gas Operations Per boe Produced, Q3, 2013-Q3, 2014 10
Results of Oil & Gas Operations Per boe Growth Rates, Q3, 2013-Q3, 2014 11
Eni S.p.A., Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q3, 2013-Q3, 2014 12
Eni S.p.A., Quarterly Production Trends 13
Eni S.p.A., Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q3, 2013-Q3, 2014 13
Total Crude Oil & Natural Gas Production, By Country/Region, Q3, 2013-Q3, 2014 14
Eni S.p.A., Crude Oil Production 15
Total Crude Oil Production Trend, Q3, 2013-Q3, 2014 15
Crude Oil Production, By Country/Region, Q3, 2013-Q3, 2014 16
Eni S.p.A., Natural Gas Production 17
Total Natural Gas Production Trend, Q3, 2013-Q3, 2014 17
Natural Gas Production, By Country/Region, Q3, 2013-Q3, 2014 18
Eni S.p.A., Valuation and Financial Data, 2009-2013 19
Eni S.p.A., Share Price Performance, 2009-2013 19
Share Price Performance, 2009-2013 19
Key Valuation Metrics, 2009-2013 20
Eni S.p.A., Production and Reserves Trends 21
Total Oil and Gas, Reserves and Production 21
Total Crude Oil and Natural Gas Production and Reserves Trend, 2009-2013 21
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2009-2013 23
Total Crude Oil and Natural Gas Reserve Changes, 2009-2013 25
Crude Oil/Liquids Production and Reserve 26
Crude Oil/Liquids Production and Reserve Trend, 2009-2013 26
Crude Oil Production and Reserves By Country/Region, 2009-2013 27
Crude Oil/Liquids Reserve Changes, 2009-2013 29
Natural Gas Production and Reserve 30
Natural Gas Production and Reserve Trend, 2009-2013 30
Natural Gas Production and Reserves, By Country/Region, 2009-2013 31
Natural Gas Reserve Changes, 2009-2013 33
Total Crude Oil and Natural Gas Reserves Life Index 34
Total Crude Oil and Natural Gas Reserves Life Index, 2009-2013 34
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2009-2013 35
Eni S.p.A., E&P Costs Trends 38
Allocation of the Upstream Capital Expenditure 38
Upstream Capital Expenditure, 2009-2013 38
Acquisition Costs By Country/Region, 2009-2013 39
Exploration and Development Costs, By Country/Region, 2009-2013 41
Oil and Gas Cost Per boe, US$/boe 43
Oil and Gas Cost Per boe, US$/boe, 2009-2013 43
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2009-2013 45
Eni S.p.A., Reserve Replacement Ratio 48
Oil and Gas Production Replacement Ratio 48
Oil and Gas Production Replacement Ratio, 2009-2013 48
Oil and Gas Production Replacement Ratio, By Country/Region, 2009-2013 50
Eni S.p.A., Results of Oil & Gas Operations Trend 55
Oil and Gas Revenue and Expenses 55
Oil and Gas Revenue and Expenses, 2009-2013 55
Oil and Gas Revenue and Expenses, By Country/Region, 2009-2013 56
Oil and Gas Revenue and Expenses, Per boe 62
Oil and Gas Revenue and Expenses, By boe, 2009-2013 62
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2009-2013 63
Oil and Gas Performance Metrics 68
Eni S.p.A., Land Holdings and Well Data 69
Developed and Undeveloped Acreage 69
Gross and Net Developed and Undeveloped Acreage, 2009-2013 69
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2009-2013 70
Well Statistics 73
Producible Oil and Gas Well, 2009-2013 73
Producible Oil and Gas Well, By Country/Region, 2009-2013 74
Exploration and Development Wells Drilled, 2009-2013 79
Exploration and Development Wells Drilled, By Country/Region, 2009-2013 80
Recent Developments 83
Eni S.p.A. - Recent Developments 83
Nov 24, 2014: MoEP: Govít Signs $6bn Offshore Cape Three Point Gas Agreement 83
Nov 24, 2014: Eni, Vitol Sign $6bn Oil And Gas Deal In Ghana 83
Nov 12, 2014: Royal HaskoningDHV And Witteveen+Bos Win Major Contract To Design New Shipyard In Kazakhstan 84
Nov 05, 2014: ENI May Get First Oil From Nene Offshore Field Before 2014 End 84
Nov 05, 2014: Erickson Signs Aerial Services Contract To Support Oil & Gas Exploration And Production In Ecuador 84
Oct 30, 2014: Pemex And Eni Signed A Cooperation Agreement 85
Oct 30, 2014: Eni: New Significant Oil Discovery In The Offshore Of Congo 86
Oct 30, 2014: Eni: Third Quarter And Nine Months Of 2014 Results 86
Oct 27, 2014: Eni: Significant gas finding Offshore Indonesia 87
Oct 27, 2014: Eni makes gas discovery in Merakes prospect offshore Indonesia 88
Appendix 89
Methodology 89
Coverage 89
Secondary Research 89
Primary Research 89
Data Information Sources 90
Company Source 90
SEC/Other Regulatory Filings 90
Other Sources 90
Expert Panel Validation 90
Data Definition 90
Oil and Gas Reserves 90
Units of Measure 91
About GlobalData 91
Disclosure 91
Disclaimer 91

List of Tables
Table 1: Eni S.p.A., Key Facts 7
Table 2: Eni S.p.A., Share Price Performance, Q3, 2013-Q3, 2014 8
Table 3: Eni S.p.A., Key Valuation Metrics, Q3, 2013-Q3, 2014 9
Table 4: Eni S.p.A., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q3, 2013-Q3, 2014 10
Table 5: Eni S.p.A., Results of Oil & Gas Operations Per boe Growth Rates, %, Q3, 2013-Q3, 2014 11
Table 6: Eni S.p.A., Upstream Capital Expenditure, Q3, 2013-Q3, 2014 12
Table 7: Eni S.p.A., Total Crude Oil and Natural Gas, Production, Q3, 2013-Q3, 2014 13
Table 8: Eni S.p.A., Total Oil & Gas Production, By Country/Region, mmboe, Q3, 2013-Q3, 2014 14
Table 9: Eni S.p.A., Total Crude Oil Production, mmbbl, Q3, 2013-Q3, 2014 15
Table 10: Eni S.p.A., Crude Oil Production, By Country/Region, mmbbl, Q3, 2013-Q3, 2014 16
Table 11: Eni S.p.A., Total Natural Gas Production, bcf, Q3, 2013-Q3, 2014 17
Table 12: Eni S.p.A., Natural Gas Production, By Country/Region, bcf, Q3, 2013-Q3, 2014 18
Table 13: Eni S.p.A., Share Price Performance, 2009-2013 19
Table 14: Eni S.p.A., Key Valuation Metrics, 2009-2013 20
Table 15: Eni S.p.A., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2009-2013 22
Table 16: Eni S.p.A., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2009-2013 24
Table 17: Eni S.p.A., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2009-2013 25
Table 18: Eni S.p.A., Crude Oil Production and Reserves Metrics, mmbbl, 2009-2013 26
Table 19: Eni S.p.A., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2009-2013 28
Table 20: Eni S.p.A., Crude Oil Reserve Changes, mmbbl, 2009-2013 29
Table 21: Eni S.p.A., Natural Gas Production and Reserves Metrics, bcf, 2009-2013 30
Table 22: Eni S.p.A., Natural Gas Production and Reserves, By Country/Region, bcf, 2009-2013 32
Table 23: Eni S.p.A., Natural Gas Reserve Changes, bcf, 2009-2013 33
Table 24: Eni S.p.A., Oil and Gas Reserves Life Index, Years, 2009-2013 34
Table 25: Eni S.p.A., Oil and Gas Reserves Life Index, By Country/Region, Years, 2009-2013 37
Table 26: Eni S.p.A., Upstream Capital Expenditure, US$ mil, 2009-2013 38
Table 27: Eni S.p.A., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2009-2013 40
Table 28: Eni S.p.A., Exploration and Development Costs, By Country/Region, US$ mil, 2009-2013 42
Table 29: Eni S.p.A., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2009-2013 43
Table 30: Eni S.p.A., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2009-2013 46
Table 31: Eni S.p.A., Oil and Gas Production Replacement Ratio, %, 2009-2013 48
Table 32: Eni S.p.A., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2009-2013 53
Table 33: Eni S.p.A., Revenue and Expenses, US$ mil, 2009-2013 55
Table 34: Eni S.p.A., Revenue and Expenses, By Country/Region, US$ mil, 2009-2013 60
Table 35: Eni S.p.A., Oil and Gas Revenue and Expenses, US$/boe, 2009-2013 62
Table 36: Eni S.p.A., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2009-2013 66
Table 37: Eni S.p.A., Oil and Gas Performance Metrics, 2009-2013 68
Table 38: Eni S.p.A., Land Holdings (Developed and Undeveloped Acreage), Acres, 2009-2013 69
Table 39: Eni S.p.A., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2009-2013 72
Table 40: Eni S.p.A., Producible Oil and Gas Wells, 2009-2013 73
Table 41: Eni S.p.A., Producible Oil and Gas Wells, By Country/Region, 2009-2013 77
Table 42: Eni S.p.A., Exploratory and Developed Wells, 2009-2013 79
Table 43: Eni S.p.A., Exploratory and Developed Wells, By Country/Region, 2009-2013 80

List of Figures
Figure 1: Eni S.p.A., Share Price Performance, EUR/Share, Q3, 2013-Q3, 2014 8
Figure 2: Eni S.p.A., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q3, 2013-Q3, 2014 9
Figure 3: Eni S.p.A., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q3, 2013-Q3, 2014 10
Figure 4: Eni S.p.A., Upstream Capital Expenditure, US$ mil, Q3, 2013-Q3, 2014 12
Figure 5: Eni S.p.A., Total Crude Oil and Natural Gas, Production, mmboe, Q3, 2013-Q3, 2014 13
Figure 6: Eni S.p.A., Total Oil & Gas Production, By Country/Region, mmboe, Q3, 2013-Q3, 2014 14
Figure 7: Eni S.p.A., Total Crude Oil Production, mmbbl, Q3, 2013-Q3, 2014 15
Figure 8: Eni S.p.A., Crude Oil Production, By Country/Region, mmbbl, Q3, 2013-Q3, 2014 16
Figure 9: Eni S.p.A., Total Natural Gas Production, bcf, Q3, 2013-Q3, 2014 17
Figure 10: Eni S.p.A., Natural Gas Production, By Country/Region, bcf, Q3, 2013-Q3, 2014 18
Figure 11: Eni S.p.A., Share Price Performance, EUR/Share, 2009-2013 19
Figure 12: Eni S.p.A., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2009-2013 20
Figure 13: Eni S.p.A., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2009-2013 21
Figure 14: Eni S.p.A., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2009-2013 23
Figure 15: Eni S.p.A., Total Oil & Gas Production, By Country/Region, mmboe, 2009-2013 23
Figure 16: Eni S.p.A., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2013 25
Figure 17: Eni S.p.A., Crude Oil Production and Reserves Metrics, mmbbl, 2009-2013 26
Figure 18: Eni S.p.A., Oil Reserves, End of Period, By Country/Region, mmbbl, 2009-2013 27
Figure 19: Eni S.p.A., Oil Production, By Country/Region, mmbbl, 2009-2013 27
Figure 20: Eni S.p.A., Crude Oil Reserve Changes, mmbbl, 2013 29
Figure 21: Eni S.p.A., Natural Gas Production and Reserves Metrics, bcf, 2009-2013 30
Figure 22: Eni S.p.A., Gas Reserves, End of Period, By Country/Region, bcf, 2009-2013 31
Figure 23: Eni S.p.A., Gas Production, By Country/Region, bcf, 2009-2013 31
Figure 24: Eni S.p.A., Natural Gas Reserve Changes, bcf, 2013 33
Figure 25: Eni S.p.A., Oil and Gas Reserves Life Index, Years, 2009-2013 34
Figure 26: Eni S.p.A., Gas Reserve Life Index, By Country/Region, Years, 2009-2013 35
Figure 27: Eni S.p.A., Oil & Gas Reserve Life Index, By Country/Region, Years, 2009-2013 35
Figure 28: Eni S.p.A., Oil Reserve Life Index, By Country/Region, Years, 2009-2013 36
Figure 29: Eni S.p.A., Upstream Capital Expenditure, US$ mil, 2009-2013 38
Figure 30: Eni S.p.A., Proved Acquisition Costs, By Country/Region, US$ mil, 2009-2013 39
Figure 31: Eni S.p.A., Unproved Acquisition Costs, By Country/Region, US$ mil, 2009-2013 39
Figure 32: Eni S.p.A., Development Costs, By Country/Region, US$ mil, 2009-2013 41
Figure 33: Eni S.p.A., Exploration Costs, By Country/Region, US$ mil, 2009-2013 41
Figure 34: Eni S.p.A., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2009-2013 43
Figure 35: Eni S.p.A., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2009-2013 45
Figure 36: Eni S.p.A., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2009-2013 45
Figure 37: Eni S.p.A., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2009-2013 46
Figure 38: Eni S.p.A., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2009-2013 48
Figure 39: Eni S.p.A., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2009-2013 50
Figure 40: Eni S.p.A., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2009-2013 50
Figure 41: Eni S.p.A., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2009-2013 51
Figure 42: Eni S.p.A., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2009-2013 51
Figure 43: Eni S.p.A., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2009-2013 52
Figure 44: Eni S.p.A., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2009-2013 52
Figure 45: Eni S.p.A., Revenue and Expenses, US$ mil, 2009-2013 55
Figure 46: Eni S.p.A., Exploration Expenses, By Country/Region, US$ mil, 2009-2013 56
Figure 47: Eni S.p.A., Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 56
Figure 48: Eni S.p.A., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 57
Figure 49: Eni S.p.A., Oil & Gas Revenue, By Country/Region, US$ mil, 2009-2013 57
Figure 50: Eni S.p.A., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 58
Figure 51: Eni S.p.A., Production Costs, By Country/Region, US$ mil, 2009-2013 58
Figure 52: Eni S.p.A., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 59
Figure 53: Eni S.p.A., Oil and Gas Revenue and Expenses, US$/boe, 2009-2013 62
Figure 54: Eni S.p.A., Exploration Expenses per boe, By Country/Region, US$/boe, 2009-2013 63
Figure 55: Eni S.p.A., Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2009-2013 63
Figure 56: Eni S.p.A., Lifting Cost per boe, By Country/Region, US$/boe, 2009-2013 64
Figure 57: Eni S.p.A., Annual Net Income per boe, By Country/Region, US$/boe, 2009-2013 64
Figure 58: Eni S.p.A., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2009-2013 65
Figure 59: Eni S.p.A., Total DD&A per boe, By Country/Region, US$/boe, 2009-2013 65
Figure 60: Eni S.p.A., Total Revenue per boe, By Country/Region, US$/boe, 2009-2013 66
Figure 61: Eni S.p.A., Oil and Gas Performance Metrics, 2009-2013 68
Figure 62: Eni S.p.A., Land Holdings (Developed and Undeveloped Acreage), Acres, 2009-2013 69
Figure 63: Eni S.p.A., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2009-2013 70
Figure 64: Eni S.p.A., Total Net Undeveloped Acreage, By Country/Region, Acres, 2009-2013 70
Figure 65: Eni S.p.A., Total Gross Developed Acreage, By Country/Region, Acres, 2009-2013 71
Figure 66: Eni S.p.A., Total Net Developed Acreage, By Country/Region, Acres, 2009-2013 71
Figure 67: Eni S.p.A., Producible Oil and Gas Wells, 2009-2013 73
Figure 68: Eni S.p.A., Gross Productive Gas Wells, By Country/Region, Number, 2009-2013 74
Figure 69: Eni S.p.A., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2009-2013 74
Figure 70: Eni S.p.A., Gross Productive Oil Wells, By Country/Region, Number, 2009-2013 75
Figure 71: Eni S.p.A., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2009-2013 75
Figure 72: Eni S.p.A., Net Productive Gas Wells, By Country/Region, Number, 2009-2013 76
Figure 73: Eni S.p.A., Net Productive Oil & Gas Wells, By Country/Region, Number, 2009-2013 76
Figure 74: Eni S.p.A., Net Productive Oil Wells, By Country/Region, Number, 2009-2013 77
Figure 75: Eni S.p.A., Exploratory and Developed Wells, 2009-2013 79


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