Domestic troubles, major disruptions in Nigeria and a ‘weak but slowly improving market environment’ have been the major contributors behind a difficult second quarter of 2016 for Italian firm Eni, which saw its output fall 2% to 1.734mn barrels of oil equivalent per day (boe/d) from 1.772mn boe/d in Q1 16.
The root of its domestic issues came when the firm in late March was forced to shut down its 75,000 b/d Val D’Agri oil field in central Italy following the arrest of five employees accused of waste trafficking. (CONTINUED - 1035 WORDS)
