Eni said that adjusted net profit was up 4.4% to E2.32 billion for the second quarter of 2008, in comparison with the previous year’s quarter. Adjusted net profit for the first half of 2008 was up 9.6% to E5.37 billion, compared to the first half of 2007.
Oil and natural gas production for the second quarter averaged 1.77 million barrels of oil equivalent per day (mmboe/d), an increase of 2.1% compared with the second quarter of 2007. Eni said that its worldwide natural gas sales were 22.16 billion cubic meters for the second quarter of 2008, up 7.7% mainly driven by an increase in international sales that were up by 18.7% reflecting organic growth achieved in European markets.
Oil and natural gas production for the first half of 2008 averaged 1.78mmboe/d, an increase of 2.8% compared with the first half of 2007 mainly due to the benefit of the assets acquired in 2007 and 2008 in the Gulf of Mexico, Congo and Turkmenistan, as well as continuing production ramp-up in Egypt, Angola, Pakistan and Venezuela.
Eni’s worldwide natural gas sales were 53.07 billion cubic meters, up 8.6% driven by an increase in international sales that were up by 20.1% mainly reflecting in addition to the higher seasonal sales recorded in the first quarter, organic growth achieved in European markets.
