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Eni

Environmental & Social Information Jun 23, 2023

4348_rns_2023-06-23_299ba09a-d522-4035-b3e9-93c7e6160790.pdf

Environmental & Social Information

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Eni Report on payments to governments 2022

Eni Relazione Finanziaria Annuale

2021

We are an energy company.

  • We concretely support a just energy transition,
    • with the objective of preserving our planet
    • and promoting an efficient and sustainable access to energy for all.

Our work is based on passion and innovation, on our unique strengths and skills,

  • on the equal dignity of each person, recognizing diversity as a key value for human development, on the responsibility, integrity and transparency of our actions.
    • We believe in the value of long-term partnerships with the Countries and communities where we operate, bringing long-lasting prosperity for all.

Global goals for a sustainable development

The 2030 Agenda for Sustainable Development, presented in September 2015, identifies the 17 Sustainable Development Goals (SDGs) which represent the common targets of sustainable development on the current complex social problems. These goals are an important reference for the international community and Eni in managing activities in those Countries in which it operates.

Report on payments to governments

2 Introduction
2 Eni's
upstream
activity
4 Basis
of
preparation
8 Report
on
payments
to
governments
9 Europe
11 Africa
15 Americas
16 Asia
20 Australia and Oceania
21 Independent
limited
assurance
report
23 Report
on
payments
to
governments
including
information
provided
on
a
voluntary
basis

Introduction

This Report on Payments to Governments of the Eni Group for the year 2022 (hereinafter the "Report") complies with Eni's reporting obligations required under "Chapter I" regarding "Payment transparency provisions" of Italian Legislative Decree No. 139 of August 18, 2015, which enacted Directive 2013/34/EU (the EU Accounting Directive ‐ 2013) into the Italian law. These reporting obligations are applicable to EU‐ based, listed companies that engage in extractive industries as defined by relevant EU provisions.

The consolidation scope is the same as that of the consolidated financial statements of Eni SpA as of December 31, 2022, prepared in accordance with IFRS.

Eni's EU‐based subsidiaries included in the scope of consolidation are waived from the equivalent reporting obligations enacted by other member States.

The consolidated report is provided on pages 8‐20. PwC S.p.A has undertaken a limited assurance engagement on this Report in accordance with the International Standard on Assurance Engagements (ISAE) 3000 (Revised).

This Report is available for download at Eni's website: www.eni.com, under the section Publications/Annual and Quarterly Reports and is also filed with Italian market authorities.

Eni's upstream activity

Eni engages in oil (including condensates) and natural gas exploration, development and extractive activities in 37 countries. Hydrocarbon production amounted to 588 million boe in 2022 and hydrocarbon proved reserves were 6.61 billion boe as of December 31, 2022 (both data include Eni's share of equity‐accounted entities).

In 2022, Eni brought an overall value of approximately €11.4 billion to the host countries where it is presently conducting its upstream operations; a total of €26.7 billion including payments reported on a voluntary basis as published in the table on page 23.

Following is a distribution of Eni's main countries of upstream operations according to the size of payments made as reported in the table on page 8:

Main changes in the 2022 consolidation scope related to: (i) entry in Qatar with the purchase of 3.125% interest in the North Field East LNG project; (ii) the derecognition of the Angolan companies contributed to Azule Energy, the equally owned joint venture by bp (British Petroleum) and Eni, combining the two partners' respective assets in the country, with effect from 1st August 2022; therefore, in line with the consolidated financial statements, Angolan companies' payments are reported up to the loss of control (i.e. for seven months); and (iii) the divestment of the entire upstream activity in Pakistan. Payments of Eni's divested subsidiaries in Pakistan have not been reported in the report due to inability to access relevant data.

Basis of preparation

Legislation

This Report complies with the reporting obligations as per "Chapter I" regarding "Payment transparency provisions" of Italian Legislative Decree No. 139 of August 18, 2015, which implemented Directive 2013/34/EU. The Directive requires companies listed on a regulated market in the EU involved in the extractive industry to prepare and publish a report on payments to governments for each financial year, on a consolidated basis1 .

Reporting principles adopted have considered the official interpretations of the regulation issued by national and international bodies, as well as the industry practices.

Applicable rules establish the consolidation scope to be the same as that used in preparing the consolidated financial statements of Eni SpA in accordance with IFRS.

Activities within the scope of the Report

This Report discloses cash payments and in‐kind payments made to governmentsthat relate to Eni's activities involving the exploration, prospection, discovery, development and extraction of oil (including condensates) and natural gas. Payments made to governments that relate to refining activities, liquefying of natural gas (LNG) and gas‐to‐liquids as well as other downstream activities are not disclosed in this Report.

Government

The term Government refers to any national, regional, or local Authority of any Member State of the European Union or Third State (including Ministries, governmental bodies, and agencies) as well as any undertakings controlled by the above‐mentioned public entity. The definition of control is that provided in Directive 2013/34/EU, which identifies control with the obligation of including the accounts of the controlled entity in the consolidated financial statements of the controlling entity2 .

Reporting principles

This report discloses cash payments and in‐kind payments made to Governments by the parent company Eni SpA, its consolidated subsidiaries, and proportionally consolidated entities. There were no proportionally consolidated entities in the Eni group extractive sector for the year ended December 31, 2022. Payment means an amount paid, whether in cash or in‐kind, for the activities in scope of the regulations. Payments made by cash are reported in the period in which they are paid. Refunds are also reported in the period they are collected and/or offset by Eni and are shown as negative amounts in the report. Payments made in kind based on the underlying production delivery (production entitlements, tax oil and royalties where applicable) are reported on an accrual basis. In‐kind payments are converted to an equivalent cash value based on the most appropriate and relevant valuation method for each payment, which generally corresponds to market value as stated in the relevant contract. In‐kind payments are reported in both volumes and the equivalent cash value.

1 Eni is subject to the provisions of Legislative Decree N° 25 of February 15, 2016, which transposes Directive 2013/50/EU (the so‐called Transparency II Directive) into Italian Law. This Legislative Decree requires companies listed in a regulated market to comply with the provisions of the Directive 2013/34/EU.

2 The notion of control provided in the Art. 22 of the Directive is substantially in line with the one adopted by IFRS. Therefore, the provision refers to the notion of control which would trigger the inclusion of the accounts of the controlled entity in the consolidated accounts of the governmental controlling entity should the latter be required to prepare consolidated financial statements.

The Report comprises direct payments made by Eni to Governments arising from petroleum projects participated by Eni Group's companies. Payments made to Governmentsin relation to oil activities conducted through unincorporated joint ventures3 are disclosed in this Report if and to the extent that, the amounts are paid directly by Eni. This is the case when Eni is the operator4 of the unincorporated joint venture; in this case payment amounts are reported in full, even where Eni as operator of a project is proportionally reimbursed by its non‐operating venture partners through a partner billing process (cash‐call). When Eni is a non‐operating partner, payments are disclosed only when Eni has a direct payment obligation towards any governments.

Payments made by entities not subject to Eni's control are excluded from this report. Such non controlled entities comprise equity accounted entities (incorporated joint ventures or associates) holder of a mining license, and incorporated joint ventures5 acting as operator of a mining initiative on behalf of Eni and other partners (which can be both state‐owned enterprises or public companies), which are not the holder of the underlying mining license.

Project definition

Payments are reported at the project level, except those payments that are not attributable to a specific project are reported at the entity level as "non‐allocated amounts". Project is defined as operational activities, which are governed by a single contract, license, lease, concession, or similar legal agreement, and form the basisfor one or more payment obligations with a government. Ifsuch agreements are "substantially interconnected", those agreements are to be treated as a single project. "Substantially interconnected" means forming a set of operationally and geographically integrated agreements with substantially similar terms that are signed with a Government giving rise to payment liabilities. Indicators of integration include, but are not limited to, geographic proximity and the use ofshared infrastructure. In thisreportthe integration criteria adopted by Eni include the use of a common infrastructure and in the case of minor projects, geographic proximity.

The disclosure of the payments referred to in this Report reflects the substance of the contracts or the other obligations that give raise to payments.

Payments

Payments are reported according to the following break‐down: i) the full amount paid to each governmental authority; ii) the full amount paid to each government by payment type and the total payments for each Country where the extractive activities are carried out; iii) the total amount by type of payment made for each project and the total amount of payments for each project.

The information is reported under the following payment types:

Production entitlements

Under production‐sharing agreements(PSAs) the production isshared between the host government and the other partiesto the PSA. The host government typically receivesitsshare or entitlement in kind rather than being paid in cash. This includes the Government's share as a sovereign entity or through its participation as an equity or interest holder in projects within its sovereign jurisdiction (home country).

3 Unincorporated Joint Ventures means two or more entities jointly carrying on the project under contract's provision, which are not incorporated in a separate vehicle/legal entity.

4 The operator of a petroleum project is the entity that based on contractual arrangements with the counterparties, manages field operations and, in this capacity, is actually making paymentsto governmentsincluding situations where the operator determines and communicatesthe production entitlement due to each party (i.e. under production sharing contracts).

5 Incorporated Joint Venture means two or more entities jointly carrying on the project through a separate vehicle/legal entity.

Production entitlements arising from activities or interests outside of its home country are excluded. First party6 entitlement is the share of production after hydrocarbons have been produced and allocated to cover costs and investments incurred by Eni. These entitlements are mainly paid in‐kind and are taken at the source. Such production entitlements are reported on an accrual basis. The monetary value of in‐kind payments is calculated based on market prices, determined on the basis of the contractual mechanisms provided in each PSA. When Eni isthe joint‐venture operator, host government entitlements are reported in their full amount. Where the national oil company (NOC) is also an equity partner in the joint venture, their production entitlement is reported in addition to the government's share of production. The NOC's entitlement as a partner will include both their share of production as investor return as well as their entitlement for the reimbursement of their costs, solely in relation to the activities performed in the home country.

In certain PSAs, Eni and the government agree to entrust the execution of extractive operations to a separate company (incorporated joint venture) that retainsthe role of operator, while Eni (or a subsidiary of Eni) retains the mineral right. The operator (which is not controlled by Eni) generally maintains the records that determine the sharing of production between the counterparties. In the process of determining and communicating the production entitlement due to each party and making the arrangements for the parties to physically receive their entitlements, the operator is effectively making the payment to the government. This Report does not include the whole payment calculated based on the government entitlement because the operator is not controlled by Eni. In these types of contracts, Eni's payments generally are limited to corporate income taxes calculated on the pre‐tax profit pertaining to Eni. Finally, in the case of incorporated joint venturesthat are at the same time operator of a petroleum project and holder of the underlying mineral rights, no payment amounts are reported by Eni both because those entities are not controlled by Eni and because these joint ventures are obligated to pay taxes on corporate profits to governments.

Taxes

The Report includes taxes levied on income, profits and production coming from exploration and production of minerals, oil, natural gas and other natural resources. Taxes include in‐kind volumes due by Eni to local tax authorities under PSAs (tax oil), which provide the tax obligations of the second party to be settled by the NOCs out of its share of profit oil. The monetary value of those payments is determined using the same method as per the production entitlements. Taxes levied on consumption, personnel, sales, procurement (contractor's withholding taxes), environmental, property, customs and excise are not reportable under the Regulations. In addition, taxes of the Italian companies include the amount paid by upstream activities as an extraordinary solidarity tax for the year 2022 enacted in Italy by Law no. 51/2022.

Royalties

These are payments for the rights to extract oil and gas resources, typically a set percentage of revenue or production less any deductions that may be taken.

Dividends

These are dividends that are paid in lieu of production entitlements or royalties. Dividends paid by Eni to a government as an ordinary shareholder are excluded. For the year ended December 31, 2022, there were no reportable amounts under this type.

6 Government or National Oil Company which as part of an oil contract transfers to an oil company the right to carry out operations in a geographic area.

Signature, discovery, and production bonuses

These are one‐off contractual payments to governments for bonuses, e.g. paid upon assignment of exploration permit, or when a commercial discovery is declared or an agreement/contract is signed, or production has commenced or reached a project milestone. Signature, discovery and production bonuses are included in the Report.

License fees, rental fees, entry fees and other considerations for licenses and/or concessions

These are payments set by law or contracts for acquiring a license for gaining access to an area where exploration, development and production activities are performed. Administrative government fees that are not specifically related to the extractive sector, or to access to extractive resources, are excluded. Also excluded are payments made in return for services provided by a Government.

Infrastructure construction or improvements

These are payments which relate to the construction or improvement of infrastructure (road, bridge or rail) not substantially dedicated for the use of extractive activities. Payments which are of a social investment in nature, for example building a school or hospital, are excluded because they are not part of the typical streams of payments of the extractive industry towards governments. For the year ended December 31, 2022, there were no reportable infrastructure payments to a government.

Materiality

The regulation provides that payments below €100,000 made in the reporting period are not reported, whether made as a single payment or as a series of related payments. Such a disclosure threshold has been applied in this report, and such payments therefore excluded, when cumulative payments were below €100,000 aggregated. This materiality threshold does not apply to payments made in Italy.

Reporting currency

Payments are reported in thousand Euros. Payments made in currencies other than Euros are conventionally translated at the average exchange rate of the reporting period.

Assurance of the Independent Auditing Firm

PricewaterhouseCoopers S.p.A has undertaken a limited assurance engagement on this Report in accordance with the International Standard on Assurance Engagements (ISAE) 3000 Revised.

Information provided on a voluntary basis

To the benefit of transparency, Eni is reporting on a voluntary basis and with the prior consent of host countries' relevant authorities, the governments' production entitlements at certain service agreements operated by Eni considering that this type of contracts, which are out of the scope of the rule, are similar to production sharing agreements because Eni is apportioning a share of production to the host government's and related entities' profit oil. The table that includes payments reported on a voluntary basis is published on page 23 and has not been verified by the Independent Auditing Firm.

Report on payments to governments 2022 of Eni Group

Payments overview 2022
(€ thousand)
Country Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
Europe
Italy 44,437 352,273 2,067 11,655 410,432
Cyprus 519 519
Montenegro 199 199
United Kingdom 539,451 2,856 542,307
Africa
Algeria 567,480 63,390 65,077 3,453 699,400
Angola 1,013,208 320,725 70,477 124 1,404,534
Congo 130,020 219,172 218,353 567,545
Côte d'Ivoire 8,072 8,072
Egypt 1,031,099 3,851 1,034,950
Ghana 302,777 118,680 980 422,437
Libya 1,917,112 233,899 2,151,011
Nigeria 591,636 109,921 121,114 27,604 45,706 895,981
Tunisia 162,273 18,243 15,467 195,983
Americas
Argentina 104 104
Mexico 149,435 63,088 9,738 222,261
United States 40,343 171,160 690 212,193
Asia
China 3,112 3,112
Indonesia 468,151 69,534 537,685
Iraq 37,166 37,166
Kazakhstan 289,524 289,524
Oman 616 616
Qatar 11,873 11,873
Timor Leste 85,003 65,349 931 151,283
Turkmenistan 153,327 13,637 6,860 173,824
United Arab Emirates 1,013,605 399,320 6,647 800 1,420,372
Australia and Oceania
Australia (26,479) 1,491 (24,988)
Total 3,055,830 6,273,431 1,834,081 125,191 79,862 11,368,395

EUROPE

Italy

Payments per project

(in EUR thousand) Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
Offshore Adriatic Sea 177,709 7,809 185,518
Val D'Agri 93,859 745 94,604
Payments not attributable to projects 44,437 44,437
Sicily 34,666 2,067 981 37,714
Offshore Ionian Sea 34,053 304 34,357
Italy onshore 11,986 1,816 13,802
Total 44,437 352,273 2,067 11,655 410,432
Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
(in EUR thousand)
Italian State - Ministero dell'Economia e delle
Finanze
44,437 238,787 283,224
Basilicata Region 65,850 65,850
Sicily Region 10,958 2,067 55 13,080
Municipality of Gela 10,488 10,488
Central Treasury Bank of Italy 10,366 10,366
Calabria Region 6,849 6,849
Municipality of Viggiano 4,217 4,217
Municipality of Bronte 3,632 3,632
Municipality of Troina 3,482 3,482
Municipality of Gagliano 1,931 1,931
Municipality of Ragusa 1,665 1,665
Emilia Romagna Region 1,065 1,065
Municipality of Calvello 1,064 1,064
Sate property administration 966 966
Municipality of Grumento Nova 608 608
Municipality of Marsico Nuovo 456 456
Municipality of Mazara del Vallo 273 273
Municipality Marsicovetere 152 152
Municipality of Montemuro 152 152
Molise Region 135 135
Puglia Region 123 123
Port authority of Adriatic Sea central 103 103
Municipality of Butera 82 82
Municipality of Mazzarino 82 82
Municipality of Trecate 72 72
Port authority of western Sicilian Sea 68 68
Municipality of Ravenna 66 66
Municipality of Nissoria 55 55
Municipality of Ragalbuto 55 55
Municipality of Rotello 24 24
Municipality of Biccari 13 13
Italian State - Ministero della transizione
ecologica
8 8
Reclamation consortium of Western Romagna 7 7
Municipality of Volturino 6 6
Municipality of Alberona 3 3
Italian Institute for Environmental Protec tion
and Research (ISPRA)
3 3
Reclamation consortium of Muzza Bassa
Lodigiana
2 2
Reclamation consortium of Marche Region 2 2
Chieti district 2 2
Treasury State - Ascoli Piceno district 1 1
Total 44,437 352,273 2,067 11,655 410,432

Cyprus

Payments per project

(in EUR thousand) Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
Cyprus exploration projects 519 519
Total 519 519

Payments per government

(in EUR thousand) Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
Ministry of Energy, Commerce and
Industry
519 519
Total 519 519

Montenegro

Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
(in EUR thousand)
Montenegro exploration projec ts 199 199
Total 199 199
Payments per government
Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
(in EUR thousand)
Ministry of Finance of Montenegro,
Government of Montenegro
199 199
Total 199 199

United Kingdom

Payments per project

Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
(in EUR thousand)
Payments not attributable to projec ts 539,451 539,451
United Kingdom exploration projects 2,027 2,027
P112 Hewett 501 501
P1476 Block 100/12a Conwy 328 328
Total 539,451 2,856 542,307

Payments per government

(in EUR thousand) Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
HM Revenue & Customs 539,451 539,451
Department of Energy and Climate change 2,856 2,856
Totale 539,451 2,856 542,307

AFRICA

Algeria

Payments per project

Production Entitlement Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
(in EUR thousand)
Blocks 401a/402a, 403a and 403d 410,792 [A] 1,216 412,008
Berkine North ZOI Development 60,679 42,079 52,424 2,558 157,740
Block 403 56,959 [B] 687 11,360 69,006
Berkine North OZOI Development 25,083 16,930 77 407 42,497
HDLE 2,534 1,848 4,382
RET new field 2,241 1,585 174 4,000
Block 405b 3,747 [C] 3,747
Berkine South 1 2,658 [D] 2,658
Rom North 2,429 2,429
HDLS 358 261 619
BKNEP 312 312
Zas new field 2 2
Total 567,480 63,390 65,077 3,453 699,400

Payments per government

(in EUR thousand) Production Entitlement Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
Sonatrach 474,156 [E] 687 65,077 539,920
Direction Des Grandes Entreprises 93,324 62,703 3,453 159,480
Total 567,480 63,390 65,077 3,453 699,400

[B] includes 1,220 KBOE paid in kind [D] includes 64 KBOE paid in kind

[A] includes 4,163 KBOE paid in kind [C] includes 49 KBOE paid in kind [E] includes 5,496 KBOE paid in kind

Angola7

Payments per project

Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
(in EUR thousand)
Block 15/06 1,013,208 [A] 44,834 124 1,058,166
Block 0 135,861 70,477 206,338
A-LNG 106,178 106,178
Block 15 23,815 23,815
Block 14 6,486 6,486
Block 3 3,263 3,263
Block 14 K/A-IMI 288 288
Total 1,013,208 320,725 70,477 124 1,404,534
Payments per government
Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
(in EUR thousand)
Sonangol P&P 816,642 [B] 816,642
Ministério das Finanças 317,528 70,477 124 388,129
Agência Nacional de Petróleo, Gás
e Biocombustíveis
196,566 [C] 196,566
Ministry of Petroleum 3,197 3,197
Totale 1,013,208 320,725 70,477 124 1,404,534

[A] includes 9,832 KBOE paid in kind [B] includes 7,883 KBOE paid in kind [C] includes 1,949 KBOE paid in kind

Congo

Payments per project

(in EUR thousand) Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
MARINE XII 21,603 [A] 54,951 [H] 106,238 [P] 182,792
M'BOUNDI 51,630 [B] 50,577 [I] 53,596 [Q] 155,803
Ikalou II 51,267 [J] 22,769 [R] 74,036
MWAFI II 18,725 [C] 14,962 [K] 9,742 [S] 43,429
FOUKANDA II 15,592 [D] 12,490 [L] 8,093 [T] 36,175
MARINE X 3,692 [E] 20,349 [M] 8,458 [U] 32,499
KITINA II 14,673 [F] 9,318 [N] 6,814 [V] 30,805
Other projects 4,105 [G] 5,258 [O] 2,643 [W] 12,006
Total 130,020 219,172 218,353 567,545
Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
(in EUR thousand)
Republique du Congo 38,227 [X] 219,172 [Z] 218,353 [AA] 475,752
Société Nationale des Pétroles du Congo 91,793 [Y] 91,793
Total 130,020 219,172 218,353 567,545
[A] includes 339 KBOE paid in kind [J] includes 522 KBOE paid in kind [S] includes 103 KBOE paid in kind
[B] includes 521 KBOE paid in kind [K] includes 154 KBOE paid in kind [T] includes 82 KBOE paid in kind
[C] includes 198 KBOE paid in kind [L] includes 123 KBOE paid in kind [U] includes 85 KBOE paid in kind
[D] includes 159 KBOE paid in kind [M] includes 203 KBOE paid in kind [V] includes 68 KBOE paid in kind
[E] includes 37 KBOE paid in kind [N] includes 91 KBOE paid in kind [W] includes 26 KBOE paid in kind
[F] includes 147 KBOE paid in kind [O] includes 25 KBOE paid in kind [X] includes 411 KBOE paid in kind
[G] includes 42 KBOE paid in kind [P] includes 1,177 KBOE paid in kind [Y] includes 1,032 KBOE paid in kind
[H] includes 690 KBOE paid in kind [Q] includes 541 KBOE paid in kind [Z] includes 2,302 KBOE paid in kind
[I] includes 494 KBOE paid in kind [R] includes 239 KBOE paid in kind [AA] includes 2,321 KBOE paid in kind

7 Reported the 2022 first seven months data.

Côte d'Ivoire

Payments per project

(in EUR thousand) Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
Block CI-801 3,324 3,324
Block CI-401 2,849 2,849
Block CI-802 1,899 1,899
Total 8,072 8,072

Payments per government

(in EUR thousand) Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
Ivory Coast Government 8,072 8,072
Total 8,072 8,072

Egypt

Payments per project

Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
(in EUR thousand)
Sinai 486,403 486,403
Shorouk 310,571 310,571
Meleiha 67,946 67,946
Nidoco 53,641 53,641
Baltim 46,252 46,252
North Hammad 18,737 2,617 21,354
Ras El Barr 19,434 19,434
Temsah 13,879 13,879
Port Said 7,021 7,021
S Ghara 5,643 5,643
Western Desert - other projects 1,572 1,234 2,806
Total 1,031,099 3,851 1,034,950
(in EUR thousand) Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
Egyptian Tax Authority 1,031,099 1,031,099
EGAS 2,617 2,617
EGPC 1,234 1,234
Total 1,031,099 3,851 1,034,950

Ghana

Payments per project

(in EUR thousand) Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
Offshore Cape Three Point 302,777 [A] 118,680 [B]
770 422,227
Ghana exploration projects 142 142
Payments not attributable to projects 68 68
Total 302,777 118,680 980 422,437
Payments per government
Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
(in EUR thousand)
Ghana National Petroleum Corporation 302,777 [A] 118,680 [B] 421,457
Environmental Protection Agency 475 475
Maritime Authority 291 291
Revenue Authority 109 109
Petroleum Commission 68 68
Nuclear Authority 19 19
Ellembelle Distric t Assembly 15 15
Ahanta West District Assembly 3 3
Total 302,777 118,680
980 422,437

[A] includes 4,302 KBOE paid in kind [B] includes 1,542 KBOE paid in kind

Libya

Payments per project

(in EUR thousand) Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
Mellitah Complex 1,859,035 [A] 226,917 [C] 2,085,952
Area B 58,077 [B] 6,982 [D] 65,059
Total 1,917,112 233,899 2,151,011

Payments per government

(in EUR thousand) Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
National Oil Corporation 1,917,112 [E] 233,899 [F] 2,151,011
Total 1,917,112 233,899 2,151,011
[A] includes 30,249 KBOE paid in kind [D] includes 85 KBOE paid in kind
[B] includes 660 KBOE paid in kind [E] includes 30,909 KBOE paid in kind

[C] includes 3,657 KBOE paid in kind [F] includes 3,742 KBOE paid in kind

Nigeria

Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
(in EUR thousand)
NAOC JV (Land/swamp areas) 562,552 [A] 33,722 40,262 636,536
Nigeria Deep Offshore (OML 125) 29,084 [B] 54,310 [C] 59,147 [D] 27,604 5,444 175,589
Payments not attributable to projects 55,611 55,611
SPDC JV 28,245 28,245
Total 591,636 109,921 121,114 27,604 45,706 895,981

Payments per government

(in EUR thousand) Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
Nigerian National Petroleum Corporation 591,636 [E] 49,508 [C] 59,147 [D] 700,291
Department of Petroleum Resources 61,967 1,516 63,483
Federal Inland Revenue Service 60,413 60,413
Niger Delta Development Commission 42,291 42,291
Federal Government of Nigeria 27,604 1,899 29,503
Total 591,636 109,921 121,114 27,604 45,706 895,981
[A] includes 20,062 KBOE paid in kind
[B] includes 293 KBOE paid in kind
[C] includes 535 KBOE paid in kind
[D] includes 635 KBOE paid in kind
[E] includes 20,355 KBOE paid in kind

Tunisia

Payments per project

Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
(in EUR thousand)
ADAM 70,897 [A] 9,952 3,990 [F] 84,839
Tunisia South (Djebel Grouz + Oued Zar +
MLD)
52,762 [B] 5,970 8,218 [G] 66,950
Tunisia North (Baraka + Maamoura + Mahres) 23,792 [C] 45 2,307 [H] 26,144
BOCHRA 10,926 [D] 1,170 680 [I] 12,776
ABIR 3,896 [E] 1,106 272 [J] 5,274
Total 162,273 18,243 15,467 195,983

Payments per government

Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
(in EUR thousand)
Entreprise Tunisienne d'Activités Pétrolières 162,273 [K] 10,478 [L] 172,751
Recette des finances 18,243 4,989 23,232
Total 162,273 18,243 15,467 195,983
[A] includes 1,053 KBOE paid in kind [E] includes 63 KBOE paid in kind [I] includes 3 KBOE paid in kind
[B] includes 632 KBOE paid in kind [F] includes 22 KBOE paid in kind [J] includes 1 KBOE paid in kind
[C] includes 311 KBOE paid in kind [G] includes 70 KBOE paid in kind [K] includes 2,237 KBOE paid in kind

[D] includes 178 KBOE paid in kind [H] includes 13 KBOE paid in kind [L] includes 109 KBOE paid in kind

AMERICAS

Argentina

Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
(in EUR thousand)
Block MLO 124 104 104
Total 104 104
Payments per government
Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
(in EUR thousand)
Secretaría de Energía 104 104
Total 104 104

Mexico

Payments per project

Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
149,435 [A] 63,088 [B] 309 212,832
9,429 9,429
149,435 63,088 9,738 222,261

Payments per government

Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
(in EUR thousand)
Fondo mexicano del Petroleo 149,435 [A] 63,088 [B] 4,468 216,991
Secretaria de Hacienda y Credito Publico 5,270 5,270
Total 149,435 63,088 9,738 222,261

[A] includes 2,025 KBOE paid in kind [B] includes 755 KBOE paid in kind

United States

Payments per project

Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
(in EUR thousand)
Alaska - Beaufort Sea 36,084 122,065 645 158,794
Gulf of Mexico (208) 49,095 45 48,932
Payments not attributable to projects 4,467 4,467
Total 40,343 171,160 690 212,193

Payments per government

Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
(in EUR thousand)
State of Alaska Department of Natural
Resources
122,065 645 122,710
Office of Natural Resources Revenue (US) 49,095 49,095
State of Alaska 36,084 36,084
U.S. Department of Treasury 3,798 3,798
State of Texas 669 669
Louisania Environmental Monitoring Inc 45 45
State of Louisiana (208) (208)
Total 40,343 171,160 690 212,193

ASIA

China

(in EUR thousand) Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
China exploration projects 3,112 3,112
Total 3,112 3,112

Payments per government

(in EUR thousand) Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
Government Agency 3,112 3,112
Total 3,112 3,112

Indonesia

Payments per project

(in EUR thousand) Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
East Sepinggan 343,227 69,362 412,589
Jangkrik 124,924 [A] 172 125,096
Total 468,151 69,534 537,685

Payments per government

(in EUR thousand) Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
SKKMIGAS (Satuan Kerja Khusus
Pelaksana Kegiatan Hulu Migas) 243,716 243,716
PT Pertamina Hulu Energi East Sepinggan 136,152 136,152
PT Saka Energi Muara Bakau 88,283 [A] 88,283
State Treasury, Ministry of Finance of
Republic of Indonesia
69,534 69,534
Total 468,151 69,534 537,685

[A] includes 17 KBOE paid in kind

Iraq

Payments per project

Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
(in EUR thousand)
Zubair 37,166 37,166
Total 37,166 37,166
(in EUR thousand) Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
General Commission for Taxes 37,166 37,166
Total 37,166 37,166

Kazakhstan

Payments per project

(in EUR thousand) Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
Karachaganak 289,524 289,524
Total 289,524 289,524
Payments per government
Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
(in EUR thousand)
Treasury Committee of the
Ministry of Finance
289,524 289,524

Total ‐ 289,524 ‐‐‐ ‐ 289,524

Oman

Payments per project

(in EUR thousand) Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
Block 47 237 237
Block 77 237 237
Block 52 142 142
Total 616 616

Payments per government

(in EUR thousand) Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
Ministry of Finance 616 616
Total 616 616

Qatar

Payments per project

(in EUR thousand) Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
North Field East 11,873 11,873
Total 11,873 11,873
Payments per government
Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
(in EUR thousand)
QatarEnergy Oil and Gas 11,873 11,873

Total ‐‐‐ 11,873 ‐ ‐ 11,873

Timor Leste

Payments per project

(in EUR thousand) Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
JPDA 03-13 Bayu Undan 85,003 65,349 7 150,359
Bonaparte Basin - other projects
910 910
Payments not attributable to projects 14 14
Total 85,003 65,349 931 151,283

Payments per government

(in EUR thousand) Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
National Petroleum Authority 85,003 931 85,934
National Directorate of Petroleum and Mineral
Revenue
65,349 65,349
Total 85,003 65,349 931 151,283

Turkmenistan

Payments per project

Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
(in EUR thousand)
Nebit Dag 153,327 [A] 13,637 6,860 [B] 173,824
Total 153,327 13,637 6,860 173,824
Payments per government
Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
(in EUR thousand)
Turkmennebit 153,327 [A] 6,860 [B] 160,187
Turkmenistan State treasury 13,637 13,637
Total 153,327 13,637 6,860 173,824

[A] includes 1,822 KBOE paid in kind [B] includes 82 KBOE paid in kind

United Arab Emirates

Payments per project

Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
(in EUR thousand)
Umm Shaif and Nasr 630,168 256,661 886,829
Lower Zakum 383,437 140,582 524,019
RAK Block A 6,647 438 7,085
Sharjah 2,077 164 2,241
RAK Exploration Block 7 198 198
Total 1,013,605 399,320 6,647 800 1,420,372
(in EUR thousand) Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
Emirate of Abu Dhabi - Department of Finance 1,013,605 397,243 1,410,848
Emirate of Ras Al Khaimah - Petroleum
Authority
6,647 636 7,283
Emirate of Sharjah - Petroleum Council 2,077 2,077
Sharjah National Oil Corporation 164 164
Total 1,013,605 399,320 6,647 800 1,420,372

AUSTRALIA AND OCEANIA

Australia

Payments per project

(in EUR thousand) Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
Bonaparte Basin 1,219 1,219
Payments not attributable to projects 1 1
JPDA 03-13 Bayu Undan (1,831) 1 (1,830)
Carnarvon Basin (24,648) 270 (24,378)
Total (26,479) 1,491 (24,988)
Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
(in EUR thousand)
National Offshore Petroleum Safety
Environ.l Manag. Auth.
649 649
National Offshore Petroleum Titles
Administrator
578 578
Australian Tax Office (26,479) 264 (26,215)
Total (26,479) 1,491 (24,988)

Independent limited assurance report

-

-

Report on payments to governments 2022 including information provided on a voluntary basis8

Payments overview 2022
(€ thousand)
Country Production
Entitlement
Taxes Royalties Bonuses Fees Infrastructure
Improvements
Total
Europe
Italy 44,437 352,273 2,067 11,655 410,432
Cyprus 519 519
Montenegro 199 199
United Kingdom 539,451 2,856 542,307
Africa
Algeria 567,480 63,390 65,077 3,453 699,400
Angola 1,013,208 320,725 70,477 124 1,404,534
Congo 130,020 219,172 218,353 567,545
Côte d'Ivoire 8,072 8,072
Egypt 1,031,099 3,851 1,034,950
Ghana 302,777 118,680 980 422,437
Libya 1,917,112 233,899 2,151,011
Nigeria 591,636 109,921 121,114 27,604 45,706 895,981
Tunisia 162,273 18,243 15,467 195,983
Americas
Argentina 104 104
Mexico 149,435 63,088 9,738 222,261
United States 40,343 171,160 690 212,193
Asia
China 3,112 3,112
Indonesia 468,151 69,534 537,685
Iraq 15,340,121 (*)[A] 37,166 15,377,287
Kazakhstan 289,524 289,524
Oman 616 616
Qatar 11,873 11,873
Timor Leste 85,003 65,349 931 151,283
Turkmenistan 153,327 13,637 6,860 173,824
United Arab Emirates 1,013,605 399,320 6,647 800 1,420,372
Australia and Oceania
Australia (26,479) 1,491 (24,988)
Total 18,395,951 6,273,431 1,834,081 125,191 79,862 26,708,516

(*) Information provided on a voluntary basis

[A] Related to 167,913 KBBL paid in kind corresponding to the entitlements of the State and of the state‐owned companies Missan Oil Company and Basra Oil Company.

8 For reporting principles see the paragraph "Information provided on a voluntary basis" on page 7. Data has not been verified by the Independent Auditing Firm.

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Headquarters

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