OGJ Newsletter

General Interest — Quick TakesEni sets production growth target of 3.5%/yearEni SPA plans to increase its production by 3.5%/year over the next 3 years despite the uncertainty surrounding the economic downturn and energy markets.It will invest €48.8 billion in 2009-12, slightly less than in its 2008-11 plan; exploration and production will cost €34 billion.The company said it would aim for a reserves replacement ratio of 130% during 2009-12 and after that would maintain an average production growth of 3%/year to 2015 by stepping up activities in Africa, OECD countries, and Central Asia-Russia.“More than 90% of production and investments to 2012 will be concentrated in...

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