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Eni, Total, Shell Plan Expansions in Southern Italy Amid Shortfalls

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Hira Shahnawaz Akhtar
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Eni SpA (NYSE:E) (BIT:ENI), Total SA (NYSE:TOT) and Royal Dutch Shell plc (NYSE:RDS.A) (NYSE:RDS.B) want to develop Italy with the aim of almost doubling the current output of 101,000 barrels a day. If all estimates are met, production in Italy could reach 215,000 and the country will replace Denmark as the third largest oil producing nation in Europe.

The historical and current status of the top five producers in Europe is shown in the table below.

Table 1: Top Five Producers in Europe

Source: EIA
Source: EIA

Southern Italy is home to the largest onshore oil field in Europe, estimated at more than 1 billion...

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Hira is a financial analyst whose expertise lies in commodity and other financial markets. Hira is currently an independent financial consultant and is working with many international firms like American Arab Solutions (AAS). She has previously served as a Senior Research Analyst at Alternate Research (Pvt.) Ltd. as the Team Leader for the International Equities Research. She has also worked as an equities analyst of Pakistani E&P stocks at Invest Capital Markets. She has experience in business development and conducting feasibility studies in commodity markets, specifically in sugar, palm oil and canola oilseeds. She has cleared all three levels of her CFA (Chartered Financial Analyst) and has an undergraduate degree in Finance.