XML 274 R57.htm IDEA: XBRL DOCUMENT v3.20.1
Property, plant and equipment (Tables)
12 Months Ended
Dec. 31, 2019
Property, plant and equipment  
Schedule of property, plant and equipment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other tangible

 

 

 

 

 

 

E&P wells,

 

 

 

E&P exploration

 

E&P tangible

 

assets in

 

 

 

 

Land and

 

plant and

 

Other plant

 

assets and

 

assets in

 

progress and

 

 

(€ million)

    

buildings

    

machinery

    

and machinery

    

appraisal

    

progress 

    

advances 

    

Total 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net carrying amount - beginning of the year

 

1,274

 

42,856

 

3,901

 

1,267

 

9,195

 

1,809

 

60,302

Additions

 

12

 

144

 

223

 

508

 

6,170

 

992

 

8,049

Depreciation capitalized

 

 —

 

 —

 

 —

 

14

 

202

 

 —

 

216

Depreciation (*)

 

(60)

 

(6,435)

 

(537)

 

 —

 

 —

 

 —

 

(7,032)

Reversals

 

44

 

65

 

69

 

 —

 

65

 

139

 

382

Impairment

 

(47)

 

(659)

 

(500)

 

 —

 

(669)

 

(537)

 

(2,412)

Write-off

 

 —

 

 —

 

(5)

 

(216)

 

(49)

 

 —

 

(270)

Disposals

 

(1)

 

(3)

 

(1)

 

(22)

 

(80)

 

(6)

 

(113)

Currency translation differences

 

 2

 

815

 

21

 

24

 

181

 

 1

 

1,044

Initial recognition and changes in estimates

 

 —

 

2,028

 

 —

 

25

 

21

 

 —

 

2,074

Transfers

 

42

 

7,568

 

597

 

(42)

 

(7,526)

 

(639)

 

 —

Other changes

 

(48)

 

113

 

(136)

 

 5

 

(98)

 

116

 

(48)

Net carrying amount - end of the year

 

1,218

 

46,492

 

3,632

 

1,563

 

7,412

 

1,875

 

62,192

Gross carrying amount - end of the year

 

4,067

 

144,789

 

28,191

 

1,563

 

11,406

 

2,799

 

192,815

Provisions for depreciation and impairments

 

2,849

 

98,297

 

24,559

 

 —

 

3,994

 

924

 

130,623

2018

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Net carrying amount - beginning of the year

 

1,313

 

45,782

 

3,877

 

1,371

 

9,469

 

1,346

 

63,158

Additions

 

18

 

432

 

173

 

330

 

6,947

 

878

 

8,778

Depreciation (*)

 

(65)

 

(6,012)

 

(529)

 

 —

 

 —

 

 —

 

(6,606)

Reversal

 

41

 

299

 

86

 

 —

 

 —

 

 —

 

426

Impairment

 

(61)

 

(477)

 

(73)

 

 —

 

(548)

 

(117)

 

(1,276)

Write-off

 

 —

 

(12)

 

(1)

 

(66)

 

(4)

 

(1)

 

(84)

Disposals

 

(2)

 

(400)

 

(9)

 

(32)

 

(198)

 

 2

 

(639)

Currency translation differences

 

 2

 

1,623

 

36

 

53

 

385

 

(1)

 

2,098

Changes in the scope of consolidation

 

 1

 

(4,388)

 

32

 

(58)

 

(474)

 

10

 

(4,877)

Transfers

 

81

 

6,795

 

461

 

(294)

 

(6,501)

 

(542)

 

 

Other changes

 

(54)

 

(786)

 

(152)

 

(37)

 

119

 

234

 

(676)

Net carrying amount - end of the year

 

1,274

 

42,856

 

3,901

 

1,267

 

9,195

 

1,809

 

60,302

Gross carrying amount - end of the year

 

4,060

 

135,467

 

27,516

 

1,267

 

12,559

 

2,415

 

183,284

Provisions for depreciation and impairments

 

2,786

 

92,611

 

23,615

 

 —

 

3,364

 

606

 

122,982

 

Schedule of depreciation rates

The main depreciation rates used were substantially unchanged from the previous year and ranged as follows:

 

 

 

 

(%)

    

    

Buildings

 

2 – 10

Mineral exploration wells and plants

 

UOP

Refining and chemical plants

 

3 – 17

Gas pipelines and compression stations

 

4 – 12

Power plants

 

4 – 5

Other plant and machinery

 

6 – 12

Industrial and commercial equipment

 

5 – 25

Other assets

 

10 – 20

 

Schedule of stratification of the suspended wells pending final determination of proved reserves aging

 

 

 

 

 

 

 

(€ million)

    

2019

    

2018

    

2017

Costs for exploratory wells suspended - beginning of the year

 

1,101

 

1,263

 

1,684

Increases for which is ongoing the determination of proved reserves

 

368

 

235

 

451

Amounts previously capitalized and expensed in the year

 

(183)

 

(61)

 

(217)

Reclassification to successful exploratory wells following the estimation of proved reserves

 

(46)

 

(297)

 

(278)

Disposals

 

(15)

 

(6)

 

(199)

Changes in the scope of consolidation

 

 —

 

(58)

 

 —

Reclassification to assets held for sale

 

 —

 

(24)

 

 —

Currency translation differences

 

21

 

49

 

(178)

Costs for exploratory wells suspended - end of the year

 

1,246

 

1,101

 

1,263

 

The following information relates to the stratification of the suspended wells pending final determination (ageing):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2019

    

2018

    

2017

 

 

 

 

(number of

 

 

 

(number of

 

 

 

(number of

 

 

 

 

wells in Eni’s

 

 

 

wells in Eni’s

 

 

 

wells in Eni’s

 

    

(€ million)

    

interest)

    

(€ million)

    

interest)

    

(€ million)

    

interest)

Costs capitalized and suspended for exploratory well activity

 

 

 

 

 

 

 

 

 

 

 

 

- within 1 year

 

185

 

7.7

 

111

 

7.0

 

222

 

8.0

- between 1 and 3 years

 

171

 

6.4

 

87

 

2.9

 

241

 

3.9

- beyond 3 years

 

890

 

26.4

 

903

 

24.2

 

800

 

21.4

 

 

1,246

 

40.5

 

1,101

 

34.1

 

1,263

 

33.3

Costs capitalized for suspended wells

 

 

 

 

 

  

 

  

 

  

 

  

- fields including wells drilled over the last 12 months

 

185

 

7.7

 

111

 

7.0

 

148

 

5.9

- fields for which the delineation campaign is in progress

 

556

 

11.3

 

217

 

4.7

 

261

 

4.7

- fields including commercial discoveries that proceeds to sanctioning

 

505

 

21.5

 

773

 

22.4

 

854

 

22.7

 

 

1,246

 

40.5

 

1,101

 

34.1

 

1,263

 

33.3

 

Schedule of unproved mineral interests

Unproved mineral interests include the purchase price allocated to unproved reserves following business combinations or acquisition of individual properties. Unproved mineral interests were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United Arab

 

 

(€ million)

    

Congo 

    

Nigeria 

    

Turkmenistan 

    

USA 

    

Algeria 

    

Egypt 

    

Emirates 

    

Total 

2019

 

 

    

 

    

 

    

 

    

 

    

 

    

 

    

 

Book amount at the beginning of the year

 

769

 

921

 

77

 

103

 

77

 

29

 

502

 

2,478

Additions

 

 

 

 

 

 

 

97

 

135

 

 1

 

23

 

256

Net (impairments) reversals

 

(533)

 

 

 

65

 

(27)

 

 

 

 

 

 

 

(495)

Reclassification to proved mineral interest

 

 

 

 

 

(4)

 

(14)

 

(99)

 

(12)

 

 

 

(129)

Currency translation differences

 

17

 

18

 

 1

 

 3

 

 2

 

 1

 

10

 

52

Book amount at the end of the year

 

253

 

939

 

139

 

162

 

115

 

19

 

535

 

2,162

2018

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Book amount at the beginning of the year

 

1,162

 

825

 

192

 

99

 

105

 

 7

 

  

 

2,390

Additions

 

26

 

56

 

  

 

  

 

  

 

23

 

487

 

592

Net (impairments) reversals

 

(429)

 

  

 

(76)

 

  

 

  

 

  

 

  

 

(505)

Reclassification to proved mineral interest

 

(32)

 

  

 

(44)

 

  

 

(32)

 

(2)

 

  

 

(110)

Other changes and currency translation differences

 

42

 

40

 

 5

 

 4

 

 4

 

 1

 

15

 

111

Book amount at the end of the year

 

769

 

921

 

77

 

103

 

77

 

29

 

502

 

2,478