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IS - Eni sets out new strategy with oil & gas decline after 2025 - March 2020
Eni released its long-term strategic plan to 2050 at the end of February, targeting a 3.5% annual growth rate in upstream production through 2025, followed by a flexible decline of primarily oil. Production in 2019 averaged 1.87 MMboe/d (48% liquids), indicating a 2025 target of 2.3 MMboe/d. The company expects gas production to make up 60% of total output by 2030 and 85% by 2050. Eni is also targeting a renewables portfolio with an......
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