Eni Picks Exploration Company of 2015 Award

Yemisi Izuora
ENI
The Petroleum Economist has announced Eni as the winner of its Exploration Company of the Year

The Petroleum Economist Award was established in 2006.

During a ceremony in London, a panel of independent experts representing all areas of the world of Energy, led by the Secretary General of OPEC Abdalla El-Badri, assigned the award recognizing to Eni.

The company is believed to have an innovative approach to the exploration activities with a unique ability to pursue the interests of its business successfully, often in challenging environments.

The appointment of the best company in the world within the oil & gas sector was a further acknowledgement of Eni numerous exploration successes, and its high level of geological expertise and leading-edge drilling technologies.

In the last seven years the company made discoveries for more than 10 billion barrels of oil resources.

In particular, over the last three years, Eni has achieved record results with five great discoveries, the last which was in the Egyptian Mediterranean Sea, with the find of the supergiant gas field Zohr.

This discovery is the largest ever found in Egypt and in the Mediterranean Sea and could become one of the largest in the world.

The exploration confirms to be for Eni an important driver of growth, with a strategy focused on basins with proven reserves located near fields already developed that allow to quickly complete the evaluation of the mineral potential and exploit synergies for future development activities.

In 2011 Eni made the biggest natural gas find in the history of the company in Area 4 offshore Mozambique.

More discoveries were also recently made in the pre-sale issues of West Africa, Congo, Gabon, Angola, Nigeria, Norway and Ecuador.

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