Eni to Start Drilling in Oman in February, Says CEO

The transcript covers a discussion on a major deal with ADNOC, exploration plans in Oman and Bahrain, and the company's strategy for organic growth. It highlights the focus on cost-effective exploration to maintain low margins and discusses the potential impact of the Ramco IPO on the market. The conversation also touches on oil price trends and market outlook for 2020, emphasizing the volatility in demand and supply.

What is the significance of the first offshore drilling in Oman?

• It is expected to produce only oil.

• It marks the beginning of oil production in Oman.

• It is the last drilling project in the Gulf.

• It is the first deep offshore drilling in the region.

Why is the company not interested in acquiring gas assets in Egypt?

• They have already discovered many resources.

• The cost of acquisition is too high.

• They are focusing on renewable energy.

• They lack the necessary technology.

How does the company plan to manage pressure on its margins?

• By increasing exploration activities.

• By focusing on short-term profits.

• By reducing employee count.

• By selling off assets.

What is the company's advantage in terms of cost efficiency?

• They have the highest production rate.

• They have the largest number of drilling sites.

• They focus solely on onshore drilling.

• Their cost per barrel is significantly lower than the industry average.

What is the potential impact of the Aramco IPO on the market?

• It will decrease oil prices globally.

• It could shift shareholder interest towards Aramco.

• It will increase the cost of oil extraction.

• It will lead to a merger with other companies.

How does the company view its dividend strategy in comparison to Aramco?

• They believe each company has its own unique story.

• They plan to increase dividends to match Aramco.

• They are under pressure to change their strategy.

• They have no dividend strategy in place.

What is the company's expectation for oil prices in 2020?

• Prices will drop drastically.

• Prices will remain stable.

• Prices will significantly increase.

• Prices may be slightly lower than in 2019.