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Eni's CEO Hosts 2012-2015 Strategy Presentation Call (Transcript)

Eni S.p.A (E)

2012-2015 Strategy Presentation

March 15, 2012 11:30 AM ET

Executives

Paolo Scaroni – CEO

Claudio Descalzi – COO, Exploration & Production

Umberto Vergine – COO, Gas & Power Division

Alessandro Bernini – CFO

Daniela Ferrari (ph)

Analysts

Alejandro Demichelis – Merrill Lynch

Alastair Syme – Citigroup

John Rigby – UBS

Theepan Jothilingam – Nomura

Mark Bloomfield – Deutsche Bank

Jason Kenney – Santander

Neill Morton – Berenberg

Colin Smith – BTB Capital

Presentation

Operator

Good afternoon, ladies and gentlemen, and welcome to ENI Strategies Presentation. For the duration of this call, you will be in listen-only mode. However, at the end of the call, you have the opportunity to ask questions.

I’m now handing you over to your host to begin today’s conference call. Thank you.

Paolo Scaroni

Good afternoon, ladies and gentlemen and welcome to our Strategy Presentation. This afternoon I will give you an update on our prospect and targets in each of our main divisions. But before we do that, I would like to highlight how ENI has consolidated its position over the past years and why we’re now about to enter the period of rapid growth which would last not just for the next four years but for the next decade.

In E&P, the restart of our activities in Libya is leading towards fast recovery in our 2012 production. In 2011, we’ve also made significant progress on key projects including the FIDs of giant fields in Venezuela and Russia adding certainty and visibility to our near term growth prospects.

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