Exploration Company of the Year

Eni

For the third year in a row, Eni has been recognised as an elite exploration company. Distinguished by its attitude towards research and technology, the company has prioritised development of low-cost resources while managing flexibility and long-term growth. By following the firm's four-pronged strategy: speed of time-to-market, cost effectiveness, organic growth and its dual exploration model, Eni has been able to reach oil on average three years ahead of expectations. 2017 has been another impressive year for the Italian company. Two wells in the Amoca offshore Mexico discovery added 1-1.3bn barrels of oil equivalent to the firm's reserves, alongside further discoveries in the first half