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In total, the company plans for the next five years investments of more than 65 billion Norwegian kroner, or $ 8 billion, to bring these projects to their full capacity, revitalize the most mature deposits and make new explorations. The extensive presence in Norwegian waters will allow the company to expand its portfolio both through future bid calls for the badignment of exploration licenses and mergers and acquisitions .
The merger, subject to the usual conditions of completion and regulatory approvals, should take place by the end of 2018. "This is a fundamental step in the strategy to strengthen the presence of Eni in OECD countries with upstream potential, such as Norway, "said Claudio Descalzi. , Managing Director of Eni "The high quality of human capital and portfolio badets, as well as the opportunities for expansion still available in Norway, will create significant added value for the shareholders of the new company. ".
Meanwhile, today, the CEO of ENI Claudio Descalzi, on the sidelines of the new strategic alliance With the Polytechnic School of Milan, he announced "A new strategic cycle of l & rsquo; Eni's activity becoming an energy company and which is now focusing on the circular economy to achieve carbon neutrality. Nobody has yet risked announcing that # He wants to be carbon neutral, I want to do it and we are convinced that we can do it. "
Descalzi added:" We are deepening and evaluating the economic part, we have to do the technical badysis; By the end of the year, I think we will announce it and it will be a historic announcement because no one has done it.It will be a binding agreement for the times. and quantities, this will be a fundamental step in pushing the whole system towards reducing em because they are not only atmospheric but also affect the ground. The goal is also to optimize the production of waste by avoiding waste. "
Regarding the deposits in Egypt, Descalzi said:" There are new facilities in Egypt but we have not found anything yet, there are good prospects. There are new fields to drill and we will do so in the coming months. Currently, the two largest production fields in Egypt are Zohr and Nooros, both already active, and they add that no new ads are expected.
Regarding the price of oil according to Descalzi could stabilize at 65-70 dollars. "At this point, the forecast is for growth, but it does not say, depends on how much Saudi Arabia and Russia will be able to play on stocks." They could reach the million barrels more by day, the price could stabilize at 65-70 dollars.If this is not done, there will be a stabilization at a higher level, which can be 75-80 dollars. "A high price, however, warns "it scares those who produce because it lowers consumption and leads to overcapacity.Now, stocks are fairly balanced, in fact they have gone below the average of the last 5 years.Every geopolitical stimulus drives immediately price increases, but if prices rise too much, demand will fall. "
Today, Eni trades on the stock market at 15.7 euros, or -1%.
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