Strategic Objectives and Options
Strategic Objectives
- Minimum 10% reduction of carbon, methane and other gas emissions (10-10-10). Reduction is set for the validity term of the strategy (2021-2030) having 2020 as reference year;
- Annual natural gas production decline below 2.5%;
- EBITDA margin between 25-40%;
- ROACE equal to or higher than 12%.
Strategic options and secondary objectives
- We continue to develop the portfolio of resources focused on mitigating climate changes effects, centred on resilient hydrocarbons and on operational safety and reliability:
- Maximize the recovery factor of hydrocarbon reserves under safety, reliability and sustainable development conditions;
- Increase of onshore and offshore (Black Sea) hydrocarbon resources and reserves portfolio;
- Electricity and energy with low CO2 emissions with large scale use of renewable energy sources, seeking opportunities on the hydrogen market and developing a portfolio of gas clients to complete such low CO2 emission energy:
- Production of sustainable energy;
- Minimum 10% reduction of carbon, methane and other gas emissions (10-10-10);
- Digital transformation of the company and supporting innovations to approach new customer interaction methods, to increase efficiency and to support new development directions;
- Company digitalization;
- Increase of market share and portfolio diversification;
- Create long-term relationships with equal profitability for both the market and social environment:
- Training human resources to embrace future trends in the field of sustainable energy;
- Citizens in a green society.