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Nigeria Nigeria Field Field Trip Trip ClaudioClaudio Claudio DescalziDescalzi Descalzi SeniorSenior Senior ViceVice

NigeriaNigeria FieldField TripTrip

ClaudioClaudio Claudio DescalziDescalzi Descalzi

SeniorSenior Senior ViceVice Vice PresidentPresident President forfor for OperationsOperations Operations

Italy,Italy, Italy, AfricaAfrica Africa andand and MiddleMiddle Middle EastEast East

E&PE&P E&P DivisionDivision Division

October, October, 2002 2002

WARRI OML 60 OML FORCADOS FORCADOS 61 OML 62 SPM 1 SAM ABRI ABA TAYLO
WARRI
OML 60
OML
FORCADOS FORCADOS
61
OML 62
SPM 1
SAM ABRI
ABA
TAYLO R CR.
SPM 2
OML 63
ELEME
Rumuji
PORT HARCOURT
BONNY
BRASS
SPM 1
SPM 2
FPSO
OML 116
OML 119
Socio-Economic Situation Year 2001 ! In 1999 the Country returned to democracy, after 15 years

Socio-Economic Situation Year 2001

! In 1999 the Country returned to democracy, after 15 years of military rule

!

In 1999 the Country returned to democracy, after 15 years of military rule

!!

! TheThe mainmain objectiveobjective isis toto obtainobtain internationalinternational credibilitycredibility toto buibuildld aa strongerstronger

The main objective is to obtain international credibility to build a stronger

CountryCountry Country

GENERAL DATA

Population:

120 million

GDP:

36.0 Billion US$

GDP per capita:

300 US$

GDP growth rate:

3%

External Debt

27 Billion US$

UPSTREAM SECTOR

Oil production:

2,1 M BOPD

Total Gas production:

0.84 M BOEPD

Oil & Cond. Reserves 2P:

30.0 B STB

Gas Reserves:

138.1 T SCF

Oil and Gas revenues represent 78% of foreign exchange earning and 38% of GDP

Eni

Nigeria Field Trip

The Central Bank of Nigeria, Annual Report 2001; IMF, Annual Report 2001; NNPC, Monthly Petroleum Information

3

Eni’s contribution to the Country’s great challenges ! ! ! SpecialSpecial attentionattention toto NIGERNIGER

Eni’s contribution to the Country’s great challenges

Eni’s contribution to the Country’s great challenges ! ! ! SpecialSpecial attentionattention toto NIGERNIGER

!!

! SpecialSpecial attentionattention toto NIGERNIGER DELTADELTA needsneeds

Special attention to NIGER DELTA needs

"" "

HealthHealth Health improvementimprovement improvement

"" "

EconomicEconomic Economic empowermentempowerment empowerment

"" "

EducationalEducational Educational programsprograms programs

"" "

SocialSocial Social InfrastructuresInfrastructures Infrastructures

!!

! UtiliseUtilise gasgas resourcesresources currentlycurrently flaredflared

Utilise gas resources currently flared

resourcesresources currentlycurrently flaredflared Utilise gas resources currently flared Eni Nigeria Field Trip 4
ENI in Nigeria G R O U P Nigerian Agip Oil Company Ltd. J.V. Concession

ENI in Nigeria

ENI in Nigeria G R O U P Nigerian Agip Oil Company Ltd. J.V. Concession Agreement

G R

O

U

P

Nigerian Agip Oil Company Ltd.

J.V. Concession Agreement

Agip Energy & Natural Resources Ltd.U P Nigerian Agip Oil Company Ltd. J.V. Concession Agreement G R O U P Service

G R

O

U

P

Service Contract

& Natural Resources Ltd. G R O U P Service Contract G R O U P

G R

O

U

P

Nigerian Agip Exploration Ltd.

Production Sharing Contract

P Nigerian Agip Exploration Ltd. Production Sharing Contract G R O U P Downstream Participations Nigeria

G

R

O

U

P

Downstream Participations

Nigeria LNG Limited Bonny Gas Transport Limited

Downstream Participations Nigeria LNG Limited Bonny Gas Transport Limited Shareholder Agreement Eni Nigeria Field Trip 5

Shareholder Agreement

Typology of Contracts CONCESSIONCONCESSION AGREEMENTAGREEMENT ! ! OMLs OMLs 60/61/62/63 60/61/62/63 NAOC NAOC JV

Typology of Contracts

CONCESSIONCONCESSION AGREEMENTAGREEMENT
CONCESSIONCONCESSION
AGREEMENTAGREEMENT

!! OMLsOMLs 60/61/62/6360/61/62/63 NAOCNAOC JVJV (op.)(op.)

!! OMLsOMLs SPDCSPDC JVJV

!! SOLESOLE RISKRISK (OML(OML 71/72/74/77)71/72/74/77)

JV JV (op.) (op.) ! ! OMLs OMLs SPDC SPDC JV JV ! ! SOLE SOLE
PRODUCTIONPRODUCTION SHARINGSHARING AGREEMENTAGREEMENT
PRODUCTIONPRODUCTION
SHARINGSHARING
AGREEMENTAGREEMENT

!! OPLOPL 211211--

!! OPLOPL 219219 OMLOML 118118 ((BongaBonga:: SnepcoSnepco op.)op.) !! OMLOML 244244

!! OMLOML 7979 ((EAEA fieldfield SPDCSPDC op.)op.)

331616 ((AboAbo field:field: NAENAE Ltd.)Ltd.)

79 79 ( ( EA EA field field – – SPDC SPDC op.) op.) 3 3
79 79 ( ( EA EA field field – – SPDC SPDC op.) op.) 3 3
SERVICESERVICE AGREEMENTAGREEMENT
SERVICESERVICE
AGREEMENTAGREEMENT

!! OMLOML 116116 AgbaraAgbara fieldfield

!! OMLOML 119119 Okono/OkpohoOkono/Okpoho fieldsfields

OML 116 116 – – Agbara Agbara field field ! ! OML OML 119 119 –
OML 116 116 – – Agbara Agbara field field ! ! OML OML 119 119 –
AGIP Concessions & participated blocks OPL 902 OPL 901 OPL 301 OPL 201 OPL 303

AGIP Concessions & participated blocks

AGIP Concessions & participated blocks OPL 902 OPL 901 OPL 301 OPL 201 OPL 303 OPL

OPL 902

OPL 901

OPL

301

OPL 201

OPL

303

OPL

304

OPL

305

OPL

306

OPL 302 LAGOS OPL 307 OPL 308 OPL 447 OPL 203 OPL 474 OPL 202
OPL
302
LAGOS
OPL 307
OPL 308
OPL 447
OPL 203
OPL 474
OPL 202
OPL 905
OPL
OPL
OPL
BENIN
OML
205 OPL 206
OPL 204
309 310
311 OPL
OML 96
7
OPL
ENUGU
454
OML
OML OML 1 1
OPL 907
OML 98
97 OPL 113
OPL 110
OML 4
OML 4
OML 5
OML 5
ONITSHA
OPL
OML OML 40 40
OPL 453
135
OML
OML 41
OML 41
OML 38
OML 38
OPL 228
OPL OPL
95 OML 49
OPL
OPL
OPL
OML
OML
OPL
316 316
312 313
314
39 39
OPL 118
315 OML 94
OML 57
OML 56
OPL 207
OML 42
OML 42
OML OML 34 34
OML
OML
60 60
OML 15
OML 15
WARRI
OML 92
OML 20
OML 20
OML 93
OML 43
OML 43
OML OML 30 30
OML OML 26 26
OML 44
OML 44
OML 53
OML 53
OML
OML 91
OML
64
OML 61
OML 61
OPL 208
OML OML 16 16
OPL
90
OML
OML
OML 35
OML
OPL
74
OML 21
OML 21
35 OML 65
OML OML 27 27
45 45
OML
209
OPL 75
89
OPL
210
OPL
OML 58
OML 62
OML 62
OML
227
OML OML 31 31
OML
OML
12
81 81
OML 17
OML 17
OML 46
OML 46
OML OML 22 22
OML OML 79 79
OML 48
OML
OML
63 63
OML 28
OML 28
PORT HARCOURT
OML
OML
OPL
OPL
OPL
OML 50
CALABAR
32 32
OML 54
452
BLOCKS WITH
OPL 456
OML 23
OML 23
211 211
OML 63
OML 63
OML
OML
OML 11
36 36
OML 29
OML 29
OML 55
OML 55
OML 18
OML 18
OML 11
OML 24
OML 24
OML
OML OML 13 13
OML OPL
OML 59
OML OML
OML OML 33 33
51
AGIP INTEREST
OML 55
OML 55
118 212
14 14
OML 88
OML 66
OML 25
OML 25
OML 52
OML
OML 73
OPL 460
OML 37
68 OPL
OPL
OPL
SPDC JV (NAOC 5%)
OML 19
101 98
213
OPL 471
OPL 99
OML 86
OPL 467
OPL 467
OPL 229
OML 67
OML
OML 77
OML
77
OML 72
OML 72
87
OML 70
OML 74
OML 74
NAE JV (NAE op. 50,19% - 90%)
OPL
OML 85
214
OPL
224
OML 116
OPL 472
OPL 472
OPL 472
OPL 225
OPL
OPL
OPL
SNEPCO JV (NAE 12,5%)
OPL 94
215 OML 84
OML 83
OPL 90
OML 119
OPL 91
100
102
OPL 226
OPL
OPL
NAOC JV (NAOC op. 20%)
OPL
OPL
OPL
222 223
OPL OPL
OPL
OPL
221
217
220
216
218 219 219
AENR op. (Service Contract)
OPL
244
7 7

Eni Nigeria Field Trip

Eni’s history in Nigeria 1962: 1962: AGIP AGIP STARTS STARTS EXPLORATION EXPLORATION ACTIVITIES ACTIVITIES IN

Eni’s history in Nigeria

Eni’s history in Nigeria 1962: 1962: AGIP AGIP STARTS STARTS EXPLORATION EXPLORATION ACTIVITIES ACTIVITIES IN IN
Eni’s history in Nigeria 1962: 1962: AGIP AGIP STARTS STARTS EXPLORATION EXPLORATION ACTIVITIES ACTIVITIES IN IN

1962: 1962:

AGIP AGIP STARTS STARTS EXPLORATION EXPLORATION ACTIVITIES ACTIVITIES IN IN NIGERIA NIGERIA

1965-1967: 1965-1967: DISCOVERY DISCOVERY OF OF EBOCHA, EBOCHA, MBEDE, MBEDE, KWALE, KWALE, OKPAI OKPAI , , AKRI, AKRI, OBIAFU OBIAFU

AND AND OBRIKOM OBRIKOM FIELDS FIELDS

1973: 1973:

JV JV WITH WITH NIGERIAN NIGERIAN GOVERNMENT GOVERNMENT (60% (60% NNPC) NNPC)

1973-1975: 1973-1975: DISCOVERY DISCOVERY OF OF OBAMA OBAMA FIELD FIELD AND AND EBEGORO EBEGORO FIELD FIELD

1976: 1976:

FIRST FIRST TO TO IMPLEMENT IMPLEMENT SOCIAL SOCIAL PROGRAMMES PROGRAMMES

(ELECTRICITY (ELECTRICITY TO TO HOST HOST COMMUNITES). COMMUNITES).

(ELECTRICITY TO TO HOST HOST COMMUNITES). COMMUNITES). 1979: 1979: INCORPORATION INCORPORATION OF OF AGIP

1979: 1979:

INCORPORATION INCORPORATION OF OF AGIP AGIP ENERGY ENERGY & & NATURAL NATURAL RESOURCES RESOURCES Ltd. Ltd.

1985: 1985:

NAOC NAOC IS IS THE THE FIRST FIRST OIL OIL COMPANY COMPANY TO TO START START RE-INJECTING RE-INJECTING THE THE

PRODUCED PRODUCED GAS GAS INTO INTO OIL OIL RESERVOIRS. RESERVOIRS.

1989: 1989:

1989: 1989:

AGIP AGIP ACQUIRES ACQUIRES 5% 5% OF OF SPDC SPDC JV, JV, (NNPC (NNPC 55%, 55%, SHELL SHELL 30% 30% , , ELF ELF 10% 10% , ,

AGIP AGIP 5%) 5%) PRODUCING PRODUCING ABOUT ABOUT 1 1 MILLION MILLION OF OF OIL OIL BARRELS BARRELS PER PER DAY DAY

THE THE NIGERIA NIGERIA LNG LNG Ltd Ltd IS IS ESTABLISHED. ESTABLISHED.

PARTNERS PARTNERS : : AGIP AGIP 10.4%, 10.4%, NNPC NNPC 49%, 49%, SHELL SHELL 25.6%, 25.6%, ELF ELF 15% 15%

Eni’s history in Nigeria 1994: 1994: EXPANSION EXPANSION OF OF OB-OB OB-OB PLANT PLANT TO

Eni’s history in Nigeria

Eni’s history in Nigeria 1994: 1994: EXPANSION EXPANSION OF OF OB-OB OB-OB PLANT PLANT TO TO
Eni’s history in Nigeria 1994: 1994: EXPANSION EXPANSION OF OF OB-OB OB-OB PLANT PLANT TO TO

1994: 1994:

EXPANSION EXPANSION OF OF OB-OB OB-OB PLANT PLANT TO TO RECOVER RECOVER NGL NGL THE THE NGL, NGL, AND AND

FUEL FUEL GAS, GAS, ARE ARE DELIVERED DELIVERED TO TO ELEME ELEME PETROCHEMICAL PETROCHEMICAL

1996: 1996:

INCORPORATION INCORPORATION OF OF NIGERIAN NIGERIAN AGIP AGIP EXPLORATION EXPLORATION (NAE), (NAE), FOR FOR

THE THE ACTIVITIES ACTIVITIES IN IN DEEP DEEP WATERS WATERS (PRODUCTION (PRODUCTION SHARING SHARING

CONTRACT) CONTRACT)

1997: 1997:

RENEWAL RENEWAL OF OF OMLs OMLs TILL TILL YEAR YEAR 2027 2027

1999: 1999:

START-UP START-UP OF OF LNG LNG PLANT PLANT IN IN BONNY BONNY (TRAINS (TRAINS 1-2) 1-2) AND AND F.I.D. F.I.D. FOR FOR

TRAIN TRAIN 3 3 (FORECAST (FORECAST START START UP UP NOV. NOV. 2002) 2002)

2000: 2000:

LAUNCH LAUNCH OF OF GAS GAS MASTER MASTER PLAN PLAN PROJECTS PROJECTS WITH WITH OBJECTIVE OBJECTIVE OF OF

ZERO ZERO FLARING FLARING WITHIN WITHIN 2004 2004 TO TO CREATE CREATE VALUE VALUE FOR FOR GAS GAS

RESOURCES RESOURCES

2001: 2001:

FIRST FIRST OIL OIL COMPANY COMPANY TO TO SIGN SIGN A A POWER POWER PURCHASING PURCHASING

AGREEMENT AGREEMENT (PPA) (PPA) WITH WITH FEDERAL FEDERAL GOVERNMENT GOVERNMENT AND AND TO TO START START

THE THE PROJECT PROJECT FOR FOR IPP IPP (INDEPENDENT (INDEPENDENT POWER POWER PLANT) PLANT)

2002: 2002:

N-LNG N-LNG TRAINS TRAINS 4-5 4-5 F.I.D. F.I.D. (FORECAST (FORECAST START START UP UP Q2 Q2 2005) 2005)

Operated production 100% 500 450 400 350 300 250 200 150 100 50 0 NAOC

Operated production 100%

500

450

400

350

300

250

200

150

100

50

0

Operated production 100% 500 450 400 350 300 250 200 150 100 50 0 NAOC AENR
NAOC AENR NAE
NAOC
AENR
NAE

kboed

Averaged daily operated production Year 20011.500 1.000 25% 26% 500 18% 75% 74% 82% 50% 27% 32% 50% 73% 68%

1.500 1.000 25% 26% 500 18% 75% 74% 82% 50% 27% 32% 50% 73% 68%
1.500
1.000
25%
26%
500
18%
75%
74%
82%
50%
27%
32%
50%
73%
68%
0
Eni
SHELL
EXXON /
CHEVRON
Eni
TotalFInaElf
TEXACO
KBOPD

oilSHELL EXXON / CHEVRON Eni TotalFInaElf TEXACO KBOPD MOBIL gas NNPC, Monthly Petroleum Information Eni Nigeria

EXXON / CHEVRON Eni TotalFInaElf TEXACO KBOPD oil MOBIL gas NNPC, Monthly Petroleum Information Eni Nigeria

MOBIL

gas

NNPC, Monthly Petroleum Information

Eni Equity Production 250 200 150 100 50 0 2000 2001 2002 2003 2004 2005

Eni Equity Production

250 200 150 100 50 0 2000 2001 2002 2003 2004 2005 2006 2007 2008
250
200
150
100
50
0
2000
2001 2002
2003
2004 2005
2006
2007
2008
2009
2010
K BOEPD
OIL GAS

OIL

OIL GAS

GAS

Equity Reserves (M BOE @ Dec. 2001) TOTAL = 2,0 B BOE OIL GAS P1

Equity Reserves (M BOE @ Dec. 2001)

TOTAL = 2,0 B BOE

OIL

GAS

Equity Reserves (M BOE @ Dec. 2001) TOTAL = 2,0 B BOE OIL GAS P1 P1

P1P1

700 28% 72%
700
28%
72%

P2P2 ++ P3P3

1300 21 % 79 %
1300
21 %
79 %
Replacement ratio

Replacement ratio

1999

2000

2001

4.07

2.03

2.55

NNPC JVs Budget contribution ! Average budget 1996- 2002:$ 4.2 billion/year ! Budget Year 2002:

NNPC JVs Budget contribution

! Average budget 1996- 2002:$ 4.2 billion/year ! Budget Year 2002: 5.5 billion $ (50%
!
Average budget 1996-
2002:$ 4.2 billion/year
!
Budget Year 2002: 5.5 billion $ (50% capex for associated gas
projects)
7
Total Budget billion $
6
5
4
3
2
1
funded by
NNPC
0
1996
1997
1998
1999
2000
2001
2002
14
Eni
Nigeria Field Trip
Investments & Operating Costs - Eni share 2001 & Four year plan 2002 - 2005

Investments & Operating Costs - Eni share 2001 & Four year plan 2002 - 2005

MillionMillion US$US$

20012001

20022002

20032003 -- 20052005

CapexCapex DevelopmentDevelopment CapexCapex ExplorationExploration

292292

377377

661661

3131

4949

9898

TotalTotal CapexCapex

322322

425425

759759

OperatingOperating CostsCosts

7272

107107

434434

OffshoreOffshore DevelopmentsDevelopments inin NigeriaNigeria ConventionalConventional && DeepDeep WatersWaters
OffshoreOffshore DevelopmentsDevelopments inin NigeriaNigeria ConventionalConventional && DeepDeep WatersWaters
OPL 902
ABO Project
2°phase
OPL 201
OPL
OPL
OPL
OPL
OPL
301
PRODUCTION WELL
OPL 901
303
304
305
306
WATER INJ.N WELL
OPL
302
OPL 307
GAS INJECTION WELL
OPL
308
OPL 447
OPL 203
OPL 474
OPL 202
OPL 905
OPL
OPL
OPL
BENIN
OML
OML
ENUGU
OPL 206
OPL 204
309
310
311
7
7
OPL
OML 96
OPL 205
454
Abo North
OML
OPL 907
OML OML 1 1
OML 98
97
AboN 2
OPL 113
OPL 110
OML OML 5 5
ONITSHA
OML OML 4 4
OPL
OML OML 40 40
135
OPL 453
OPL
OML
OML OML 38 38
OPL 228
OML OML 41 41
OPL
95
OML 49
OPL
OPL
OPL
OML 39
OML 39
OPL
312
313
314
316
316
Abo2
Abo3
OPL 118
315
OML 94
OML 57
OML 56
OPL 207
OML 42
OML 42
Abo Central
OML OML 34 34
OML 60
OML 60
OML 15
OML 15
WARRI
Abo4
OML 92
OML OML 20 20
OML 43
OML 43
OML OML 30 30
OML OML 26 26
OML 93
OML 53
ABO
OML 44
OML 44
OML 53
OML
OML
OML
OML 61
OML 61
OPL 208
64
OML 16
OML 16
OPL
91
90
OML
OML
OML 35
OML
35
OPL
74
OML OML 21 21
OML 65
OML OML 27 27
45
45
OML
209
OPL 75
89
OPL
Total Capex: 956 MUSD
Peak Prod.: 103,000bopd(2005)
210
OPL
OML 58
OML OML 62 62
OML
227
OML OML 31 31
OML
OML
12
OML 17
OML 17
81
81
OML OML 46 46
*All figures in Eni equity
OML OML 22 22
OML 48
OML OML 79 79
OPL
OML 63
OML 63
OML 28
OML 28
CALABAR
OML 79
OML
OML
OPL
OPL
OML 50
32
32
OML 54
PORT HARCOURT
211 211
452
OPL 456
OML OML 23 23
OML 63
OML 63
BONGA
OML
OML
OML 11
36
36
OML 29
OML 29
OML 55
OML 55
OML OML 18 18
OML 11
OML
OML 24
OML 24
OML OML 13 13
OPL
OML 59
OML OML
OML
OML 33
OML 33
OML 55
OML 55
51
212
14
14
118
OML 88
OML 66
OML OML 25 25
OML 52
OML
OML 73
OPL
OPL 460
OML 37
68
OPL
OPL
OML 19
98
213
EA/EJA
101
OPL 471
OPL 99
OML 86
OPL OPL 467 467
OPL 229
OML 67
OML
OML OML 77 77
OML 72
OML 72
87
OML 70
OML OML 74 74
OPL
OML 85
214
OPL
AENR (Service Contract)
224
OML 116
OPL 225
OPL
OPL
OPL
OPL 94
OML 84
215
OML 83
OPL 90
OML119
100
102
NAE PSC (NAE op. 50,19% - 90%)

OPL 226

SPDCJV (NAOC 5%)      OPL OPL

     

OPL

OPL

 

OPL

OPL

OPL

OPL

222

223

SNEPCO PSC (NAE 12,5%)OPL 216 217 OPL 218 219 OPL 219 220 221 OKONO/OKPOHO  

OPL

216

217

OPL

218

219

OPL

219

220

221

OKONO/OKPOHO

 

Eni Nigeria Field Trip

OPL

244

 

16

16

Utilization of Associated Gas View of Nigerian flares as seen from the satellite An unusual

Utilization of Associated Gas

View of Nigerian flares as seen from the satellite An unusual brightness in the dark of the African continent

NigeriaNigeria producesproduces 2.12.1 MM BopdBopd ofof oiloil andand 4,8504,850 MM ScfScf/day/day ofof associatedassociated gas.gas.

About 2500 M Scf/day is presently flared.

Gas reserves of the country is estimated to be 138 Tcf

The government through fiscal incentives has opened new markets

In 1999 commenced the exportation of liquefied natural gas (N-LNG)

Zero flaring objective in 2008

commenced the exportation of liquefied natural gas (N-LNG) Zero flaring objective in 2008 Eni Nigeria Field
Utilization Associated Gas - Flaring down NAOCNAOC isis implementingimplementing thethe GasGas MasterMaster PlanPlan toto

Utilization Associated Gas - Flaring down

NAOCNAOC isis implementingimplementing thethe GasGas MasterMaster PlanPlan toto achieveachieve thethe zerozero
NAOCNAOC isis implementingimplementing thethe GasGas MasterMaster PlanPlan toto achieveachieve thethe zerozero flaflaringring
byby 2004;2004; toto bebe thethe firstfirst amongamong thethe oiloil multinationalsmultinationals operatingoperating inin NigeriaNigeria
19851985
20002000
The Nigerian gas flare
torches
20042004
2004
20082008
85%
62%
40%
<5%
70%
45%
<5%
NAOC Land & Swamp Area Projects IPP Capex: Peak Production: 286 MUSD 35,000 boepd (2007)

NAOC Land & Swamp Area Projects

IPP Capex: Peak Production: 286 MUSD 35,000 boepd (2007) AKRI KWALE * All figures in
IPP
Capex:
Peak Production:
286 MUSD
35,000 boepd (2007)
AKRI
KWALE
* All figures in Eni equity
EOC
IRRI/ISOKO
OB/ OB
SAMABRI / IDU
OBITE
FORCADOS
OSHIE
Ubeta
BENIBOYE
P. HARCOURT
OGBAINBIRI
SPDC’s ROW (Nun river-Kolo creek-Rumuekpe)
CLOUGH
OBAMA
LEGEND:
CREEK
AZUZUAMA
SOKU
Flow Station
TEBIDABA
Oil Terminal
BRASS
LNG Terminal

Raw GasFlow Station TEBIDABA Oil Terminal BRASS LNG Terminal Gas Line to Bonny - GTS1 (owned by

Gas Line to Bonny - GTS1 (owned by N-LNG)Station TEBIDABA Oil Terminal BRASS LNG Terminal Raw Gas S B M 2 SBM 1 BONNY

LNG Terminal Raw Gas Gas Line to Bonny - GTS1 (owned by N-LNG) S B M

SBM 2

SBM 1

LNG Terminal Raw Gas Gas Line to Bonny - GTS1 (owned by N-LNG) S B M

BONNY

Oil line

Eni Nigeria Field Trip

19

Nigeria - LNG Projects 7.15 Bcm/y Train 1 & 2 3.7 Billion $ 10.3 Bcm/y

Nigeria - LNG Projects

7.15 Bcm/y Train 1 & 2 3.7 Billion $
7.15 Bcm/y
Train 1 & 2
3.7 Billion $
10.3 Bcm/y Train 4 & 5 2.9 Billion $
10.3 Bcm/y
Train 4 & 5
2.9 Billion $
3.7 Bcm/y Train 3 1.8 Billion $
3.7 Bcm/y
Train 3
1.8 Billion $

Train 6

A feasibility study for this is currently ongoing. The start- up is foreseen by 2006

Nigeria LNG - Marketing Trains 1, 2 & 3 Production: 10.85 Bcm/y BASE PROJECT Trains

Nigeria LNG - Marketing

Trains 1, 2 & 3

Production: 10.85 Bcm/y

BASE PROJECT Trains 1 & 2 BUYERS - QUANTITY (Bm 3 /y) - DESTINATION ENEL
BASE PROJECT
Trains 1 & 2
BUYERS - QUANTITY (Bm 3 /y) - DESTINATION
ENEL
ENAGAS
GAZ DE FRANCE
BOTAS
TRANSGAS
3.50
Montoir-France
1.6
Huelva -Spain
0.5
Montoir-France
1.2
Marmara-Turkey
0.35
Huelva -Spain
-----------
Total
7.15
EXPANSION PROJECT
Train 3
BUYERS - QUANTITY (Bm 3 /y) - DESTINATION
ENAGAS
2.7
Huelva -Spain
TRANSGAS
1.0
Huelva -Spain
------
Total
3.7

Train 4 & 5

Production: 10.3 Bcm/y

Quantity already sold

Train 4 & 5 Production: 10.3 Bcm/y Quantity already sold LNG PLUS BUYERS - QUANTITY (

LNG PLUS

BUYERS - QUANTITY (Bm 3 /y) - DESTINATION

Eni

1.5

Portugal

IBERDROLA

1.5

Spain

SHELL

1.5

USA

TRANSGAS

2.0

Portugal

-----------

Total

6,5

3.8 Bcm/y of LNG

balance already committed (MOU)

IPP project, Okpai 450 MWe Power Plant Open Open Cycle Cycle Operations: Operations: End End

IPP project, Okpai 450 MWe Power Plant

IPP project, Okpai 450 MWe Power Plant Open Open Cycle Cycle Operations: Operations: End End 2003

OpenOpen CycleCycle Operations:Operations:

EndEnd 20032003:: Gas Turbine Generators operation

CommercialCommercial Operations:Operations:

MidMid 2004:2004: Full Plant Start-

up

ScopeScope ofof thethe Project:Project: ImproveImprove NigeriaNigeria PowerPower GenerationGeneration CapacityCapacity
ScopeScope ofof thethe Project:Project:
ImproveImprove NigeriaNigeria PowerPower GenerationGeneration CapacityCapacity
ReduceReduce GasGas FlaringFlaring
22
Eni
Nigeria Field Trip
Social Social Commitment Commitment Eni Nigeria Field Trip 23

SocialSocial CommitmentCommitment

Social Social Commitment Commitment Eni Nigeria Field Trip 23
Eni’s social commitment in Nigeria More than 500 social projects for the host communities SOCIAL

Eni’s social commitment in Nigeria

More than 500 social projects for the host communities

SOCIAL

INFRASTUCTURES

ENVIRONMENTAL

PROTECTION

EDUCATION - CULTURE

HEALTH

344 21
344
21
113 43
113
43

n.

160

140

120

100

80

60

40

20

0

Social Infrastructures Health Environmental Protection Education - Culture Total number of neighbour Communities:
Social Infrastructures
Health
Environmental Protection
Education - Culture
Total number of neighbour
Communities: 250
88
89
90
91
92
93
94
95
96
97
98
99
00
01
Eni’s main objectives in Nigeria Increase of Hydrocarbons production (CAGR >10 %) Development of gas

Eni’s main objectives in Nigeria

Increase of Hydrocarbons production (CAGR >10 %)Eni’s main objectives in Nigeria Development of gas resources throughout integrated projects upstream / downstream

Development of gas resources throughout integrated projects upstream / downstream projects upstream / downstream

Continuos improvement in Health, Safety and Environmental aspects Environmental aspects

Enhancement of development programmes for Social Communities Communities