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eni in the United States 2015 2 eni in the United States

| 1967/1968 | 2004 • First period of eni exploration • Start-up of East Breaks 112 • eni makes 3 commercial phase of the Nikaitchuq field in the US. field (1996). discoveries: Allegheny South (eni 30%). (operated), Ulysses and North | 1979/1981 | 1999/2000 Black Widow; all developed | 2007 • Opening of eni Exploration • Acquisition of working on a fast track basis. • eni acquires all GOM & Production offices interests in the Macaroni assets of Dominion and in New York. and Europa fields (1999) | 2005 reaches a net production of • Start-up of activity with with first production • eni acquires 103 leases from approximately 110,000 boe/d Texaco on California and in 3Q 1999 and 1Q 2000 Armstrong on the North (60% operated). The main Texas onshore. respectively. Slope of Alaska. producing fields acquired • Transfer of exploration • Acquisition of British Borneo • Production start-up of the K2 are Devil’s Tower, Triton and and production offices (2000), including operatorship (operated) and Ulysses fields. Goldfinger (75% operated), to Houston and subsequent of the Allegheny and and Front Runner (37.5%). increase of eni’s activity by Morpeth deepwater fields | 2006 • eni acquires an additional acquiring exploration leases (100%), and an exploration • Production startup from 70% stake and operatorship offshore Texas and Louisiana. lease portfolio of over the Allegheny South of Nikaitchuq project in 100 blocks. and North Black Alaska from Anadarko. | 1991/1993 • Partnering with ExxonMobil Widow discoveries. • Start-up of 3 gas fields • Acquisition of 5 fields and Texaco to explore over • New gas discoveries: connected to Independence (3 operated) from Freeport 300 leases. Longhorn and Longhorn Hub: San Jacinto (53.3% McMoRan (1991). North (both eni operated operated), Spiderman • Sale of all onshore assets (1993). | 2002/2003 75%) in central Mississippi (36.7%) and Q (50%). • eni fully concentrates its • Start-up of operated production Canyon area. • Sanctioned development activity in the offshore (1993). in King Kong and Yosemite • Alaska development activity of Longhorn field (75% gas fields, which are tied progresses: sanctioned the operated) and Pegasus | 1994/1996 back to Allegheny TLP. development of the field (58% operated). • Start-up of Grand Isle 102 • Start-up of the Medusa field Oooguruk field (eni 30%) field (1994). (eni 25%). and start-up of the appraisal eni leasehold eni operated eni non-operated

eni leasehold fields deepwater fields eni operated eni non-operated oil gas oil gas

| 2008 | 2010 GOM: (operated 100%) on the Phase II (both 75% operated). • eni production in the US • eni sanctions the North Slope. Nikaitchuq is • Production starts up at amounts to just over development of Appaloosa the first development project Thunderhawk field (eni 25%). 100,000 boe/day with 72% (operated 100%) and operated by eni in Alaska. • eni participates in discoveries in Deepwater GOM, 14% Longhorn Phase II (operated • eni acquires 18 leases in the at Heidelberg (12.5%), in Shelf GOM, 7% in Barnett 75%) in the Greater Chukchi Sea Federal Lease appraisal wells at Hadrian Shale (onshore Texas) and Longhorn Area. Sale (4 operated 100%, 14 (25%), and Kodiak (25%). 7% in Alaska. eni operates • eni acquired the Crystal non-operated 40%). • Participates in St. Malo approximately 65% of its Platform as “host” for the to be developed as equity production. Longhorn and Appaloosa | 2009 Jack/St. Malo project. projects. • eni production capacity GOM: • Start-up of production from in the US amounts to Alaska: • eni holds interest in 355 Pegasus field (operated 120,000 boe/day with 80% • eni holds interests in 172 leases in GOM (266 in 58%); tied into Allegheny in Deepwater GOM, 15% leases in Alaska of which Deepwater and 89 Shelf). TLP (100%). in Shelf GOM, 3% in Barnett 89 are located in federal • Commenced Triton • eni participates in discoveries Shale and 2% in Alaska. offshore waters of the development well at Kodiak (25%) and eni operates over 55% and Chukchi (operated 75%). Stones (15%). of its equity production. Sea and 83 are state • Participated in Heidelberg onshore leases. appraisal well (12.5%). Alaska: GOM: • Rig on location for Hadrian • Commenced production • eni holds interests in Barnett Shale – Onshore Texas: North well (25%); Hadrian from the Oooguruk 369 leases in GOM (269 • eni acquires a 27.5% interest development progressed (25%). field (30%). Deepwater and 100 Shelf). from Quicksilver Resources • Jack/St. Malo Project • eni sanctions the development, • eni upgrades the Crystal Inc. in the Alliance area, Fort sanctioned for development. commences drilling, and Platform, renaming it Corral Worth Basin, Texas. acquires 3-D seismic (OBC) Platform (75% operated), • Alliance marks eni’s first Alaska: for development optimization and commences production entry into an onshore US • eni holds interests in 151 of the Nikaitchuq field from Longhorn and Longhorn unconventional gas play. leases in Alaska, 89 are 4

| 2011 | 2012 located in Federal offshore GOM: (KC 919, 963&964) owners GOM: waters of the Beaufort Sea • Discovery at Hadrian (ExxonMobil operator, eni • First oil from Devils Tower and Chukchi Sea, 62 are North Prospect, KC 919. 30%) entered into a Production Southwest in March, 2012. State onshore leases. • eni participates for 25% Handling Agreement with • Completed contract for • Continued development WI in first exploratory well Lucius whereby gas produced Diamond Ocean Victory drilling at Oooguruk field, at Hadrian North since the from the Hadrian South field semisubmersible drilling rig Alaska (30%). GOM drilling moratorium will be processed through the (water depth capability 6,500’) • Concluded installation and was lifted. ExxonMobil planned Lucius spar facility. for 1 year with 4 1-year options. commissioning of facilities operates the project with • eni sanctions Lucius Project. • Plans for 10 major deepwater at Nikaitchuq field in 50% WI and • Successful completion of the development operations preparation for early 2011 participates with 25% WI. Triton #2 development well (3 operated) and 3 major production start-up (100% • First oil production from which was spud pre-Macondo deepwater exploration operated). Development eni’s 100% owned Appaloosa and then suspended. Well tied operations (1 operated) along drilling continues at field located in MC 459, 460 back to Devil’s Tower Spar. with 5 shelf development Nikaitchuq field. and portions of 503 and First production from the operations. • Sealift Nikaitchuq process 504. Appaloosa produces well in October 2011 modules from Louisiana from the eni operated (eni operates 75%). Alaska: to Alaska’s North Slope. (75%) Corral. • Nikaitchuq Project on Alaska’s • eni is the first major oil • eni acquires interest in leases Alaska: North Slope plans for 17 wells company to own 100% of offsetting Hadrian North • First oil flowed from (7 onshore and 10 offshore) a North Slope production blocks through unitization Nikaitchuq field onshore and the conclusion of onshore facility - Nikaitchuq field. of Hadrian North (KC 919) in January – three years after development drilling. and Lucius (Anadarko project sanction. The field is Barnett Shale - Onshore Texas: operated) with cross expected to yield 220 million Barnett Shale - Onshore Texas: • Increased leasehold assignment between the barrels of oil over 30 years. • eni’s net production in the position in Alliance Project parties in all leases. • First oil flows from offshore project reached 9,600 boed. through exercise of AMI • Hadrian South/Lucius Spy Island in Nikaitchuq opportunities. PHA: Hadrian South field in November. 5

| 2013 GOM: Leon Valley-Onshore Texas: • eni sanctioned • eni concludes transaction Medusa Redevelopment with Quicksilver in Pecos (eni 25%), Europa A9 County, Texas to acquire Project (eni 32%) 50% working interest in 95 and Heidelberg Project leases covering approximately (eni 12.5%). 61,000 acres in the Permian • eni sanctioned Longhorn Basin in West Texas for Phase III (eni op. 100%), an play a single well program tied opportunity in Bone Springs. back to the existing Corral Platform via existing Alaska: Longhorn subsea • eni continued with the infrastructure, aimed to Nikaitchuq field increase the recoverable Development Drilling reserves of the field. including Multi-Laterals • eni sanctioned Pegasus to improve production. Phase II (eni op. 85%) in March 2013, aiming to | 2014 increase recoverable GOM: reserves with a single subsea • First oil from operated well tie-back. eni succeeded Longhorn Phase III in having the first oil on in February 2014. October 2013, as planned. • First oil from Europa • eni operated first exploration A8 and A9 Project (eni 32%). well (Odd Job MC 214) post • eni participated in two Macondo and participated in deepwater Exploration first Norphlet well (Swordfish). wells; Holy Cross (operated) • eni’s Health, Safety, and and K2 Wilcox Prospect. eni was designated Alaska: Environment Management (non-operated). as initial operator of the joint • eni achieved 25,000 System (HSE MS) has been • eni successfully negotiates venture area. eni will drill the Bbls/day production found to be in conformance an increase of working initial exploratory well in 2015. milestone at Nikaitchuq. with the requirements set interest at Lucius from forth by ISO 14001:2004 5.4% to 8.5% during reserves Leon Valley-Onshore Texas: and OHSAS 18001:2007 redetermination period. • eni participated in four international standards • eni entered into a Unitization unconventional oil wells and is granted the respective and Participation Agreement of which 3 were completed certifications. covering the Vernaccia and are currently producing oil. 6

eni has been operating in the US since the late 1960’s and carries out oil and exploration and production under the name of eni .

eni petroleum has offices in Houston, TX and Anchorage, AK and a shore base in Port Fourchon, LA, as well as interests in numerous shelf and deepwater fields in the (GOM), North Slope of Alaska and non-operated activities in the shale oil and gas in West Texas. Net hydrocarbon production has grown significantly in recent years to a production in excess of 100,000 barrels of oil equivalent per day.

eni petroleum is committed to achieving an incident free workplace and creating a proactive culture that values the health and safety of employees and contractors, protects the environment and provides safety assurance to stakeholders.

In addition, eni’s HSE management system has been certified in accordance with the internationally recognized environmental management system standards, ISO 14001:2004 and OHSAS 18001:2007, one of the first such awards in the upstream energy sector in the US.

eni petroleum is committed to providing quality in all aspects of business, company growth, value delivery, efficiency, and outstanding HSE performance. 7 eni at a glance eni is an integrated company engaged in all the chain, active in 85 countries with more than 85,000 employees.

eni engages in oil and natural gas exploration, field development and production, as well as in the supply, trading and shipping of natural gas, LNG, electricity, fuels and chemical products.

Through refineries and chemical plants, eni processes crude oil and other oil-based feedstock to produce fuels, lubricants and chemical products that are supplied to wholesalers or through retail networks or distributors.

eni operates in engineering, oilfield services and construction both offshore and onshore, focusing on the execution of technologically-advanced mega-projects mainly located in frontier areas. Since 2010 eni has been communicating through eni’s strategies, resource allocation processes and conducting of day-by-day operations art to talented people around the world in various underpin the delivery of sustainable value to all of our stakeholders, respecting the countries disciplines. where the company operates and the people who work for and with eni. Our way of doing business, based on operational excellence, focus on health, safety and the environment, The cover art is made by Jared Nickerson, is committed to preventing and mitigating operational risks. a Seattle-based illustrator and designer. His specialization is in vector illustration which, When implementing its strategy and running its day-to-day operations, eni’s efforts thanks to its versatility, can be used for all kinds are inspired by these key drivers: cooperation, integration, innovation, excellence, inclusion of products. and responsibility. In 2014 eni confirmed its presence in the Dow Jones Sustainability indices and in the FTSE4Good index.

eni spa main figures for 2013 Piazzale , 1 00144 - • Net profit: € 5,160 million Ph.: +39.06.598.21 • Cash flow from operations: € 10,969 million Fax: +39.06.598.221.41 • Dividends paid to shareholders: € 3,949 million eni.com • Net borrowings: € 15,428 million • Leverage: 0.25 • Hydrocarbon reserves: 6.54 billion boe eni petroleum co. inc. 1200 Smith Street, Suite 1700 • Hydrocarbon production: 1,619 kboe/day Houston, Texas 77002 - USA • Worldwide gas sale: 93.17 bcm Ph.: +1.713.393.610.0 • Retail sales in Europe: 9.69 mmtonnes Fax: +1.713.393.620.5 • Service stations in Europe: 6,386 visit eni.com