Eni continued its good momentum from Q2, posting financial and operational growth in Q3. The E&P business was particularly impressive with production continuing to rise and expected to hit near record levels in Q4. Project execution is a major contributing factor; first production from the Zohr field is expected by the end of the year. The completion of asset sales by the end of 2017 will improve an already manageable balance sheet. The outlook for 2018 is positive with more production to come and cash flow breakevens below US$50/bbl.