The last three years have been transformational for Eni. It has become a more integrated oil and gas company with long term production growth a re structured mid and downstream sector and an improved cost base. It has successfully built a high margin portfolio of long life upstream projects. This has been possible because it has achieved outstanding exploration success over the last three years and over the past decade as a whole has added 15 bnboe of conventional new resource organically. World class exploration success in Mozambique the eastern Mediterranean and West Africa has strengthened long term production and delivered a conventional reserves replacement performance second to none amongst the Majors. Our report provides details of Eni's successful conventional exploration strategy and forward plans.