1. eni in the Arctic
Paris 19 October 2012Paris, 19 October 2012
eni.com

2. eni in the Arctic
exploration discoveries & potential
Norwegian Barents Sea
Russian Barents Sea
main development projects
Russian Barents Sea
Nikaitchuq
eni 100%
Oooguruk
eni 30%
Norway: Goliat, oil offshore development
Yamal: Sambursgkoye, Urengoyskoye, Yaro,
Severo, G&C onshore developments
e 00%
Severenergia
eni 29%
Sambursgkoye – Yamal Peninsula (Russia)
main producing fields
Goliat
eni 65%
eni 29%
Nikaitchuq - Alaska
2
Exploration activity

3. exploration in Barents Sea: emerging high-materiality basin
Norway: with Statoil,
leadership position in the area
Central Barents
15,700 Km2
500 Mbbl recoverable in
Skrugard and Havis, upside of
500 Mboe (100%)
5 wells in 2013
PL226
PL608 PL532
Skrugard/Havis
Russia: implementing
strategic agreement with
Rosneft
PL533
Salina
PL529
Bonna
PL201
PL489
PL229
Goliat
g /
PL657 Shtokman
Fedinsky
38 100 Km2
Strategic agreement signed in
April 2012
Implementation agreements well
under way
2D 3D seismic acquisition in
38,100 Km
2D-3D seismic acquisition in
2013-2014
Start of drilling in 2015
Operated
Not operated
3

4. norwegian Barents Sea: Goliat first oil development
High-potential oil hub in OECDg p
country
Goliat - execution update
Progress 47%g
drilling activities started
FPSO sailaway at year end
2013/1Q 2014
Start up: 3Q 2014
Contribution to 2015 equity
150
200
250
Contribution to 2015 equity
production ca. 60 kboed
Equity capex 2.9bn euro
>700 Mboe resources in
Kboed
equity
0
50
100
150
2011 2013 2015 2017 2019 2021
00 bo sou s
Barents hub (100%)
4
Norway Barents Sea

5. FPSO fabrication progressing at HHI in Ulsan...
5

6. ...and drilling operations started
6

7. advanced oil spill detection
Highest standard on stand by vessel
Sensors and detectors on critical equipment
7
Sensors and detectors on critical equipment
Infrared radar surveillance of area

8. development in Yamal Peninsula
Giant arctic development with
competitive cost position
Samburgskoye
Yaro-Yakhinskoye
Severo-
Chaselskoye
Urengoskoye
Samburgskoye – execution update
Start-up achieved ahead of schedule in April
2012
Contribution to 2015 production ~30 kboedContribution to 2015 production 30 kboed
Equity capex 900m euro
Urengoyskoye ph.1 - execution update
Drilling and processing plant early works200
kboed
equity
started
Start-up expected in 3Q 2014
Contribution to 2015 production ~50 kboed
Equity capex 650m euro
100
~1.6 Bboe equity 2P reserves
0
2011 2013 2015 2017 2019 2021
Samburgskoye Yaro-Yakhinskoye Urengoskoye Severo
8
Samburgskoye Yaro Yakhinskoye Urengoskoye Severo

9. alaska: onshore/offshore Arctic projects in the north slope
Nikaitchuq
MAPPA
Nikaitchuq
offshore
drillpad on
Start-up in 2011
Current production: 8,500 boed
30 horizontal wells drilled from an artificial
drillpad on
artificial
island
Onshore
process pad
Offshore drill pad
Onshore drill pad
island
22 horizontal wells from onshore pad
Camp facilities
Onshore drill pad
9

10. arctic in numbers
~2 Bboe 2P reserves
>3 BEuro investment in the 4YP
production @ 2015: >300 kboed
production @ 2022: ~400 kboed
Arctic: a key pillar of our growth
10All figures are in eni equity interest