The last five 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 five 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.