Eni approves new organisational structure

ERJ staff report (TP)

Rome – Italian multinational oil and gas company Eni announced a new organisational structure on 28 May, as it looks to cut staff numbers and improve growth.

The new structure, approved by its board of directors, replaces the divisional model with an integrated operational structure strongly focused on industrial objectives. Activities previously managed within E&P, R&M, Versalis (its elastomer production subsidiary) and Syndial will be redistributed amongst the following business units: Exploration; Development, Operations and Technology; Upstream; and Downstream and Industrial.

These will join the existing business units of Midstream and Retail Gas & Power.

Claudio Descalzi, Eni CEO, said: “[The changes] will allow us to respond rapidly and flexibly to the business challenges we are facing”.

The new structure will be fully implemented in the next few weeks.

From the beginning of 2015 Eni will modify its financial reporting segments, and will present results for the Upstream, Midstream and Downstream business segments.

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More details in the press release from Eni