Eni has announced a gas and condensate discovery offshore Egypt following the successful drilling of the Denise W-1 exploration well in the Temsah Concession in the Eastern Mediterranean.
Preliminary estimates indicate around 2 Tcf of gas initially in place and 130 Mbbl of associated condensates. The Denise W discovery is located 70 km offshore in 95 m of water depth and less than 10 km from existing infrastructure, enabling synergies for a fast-track development.
The company said the discovery is similar to the nearby Temsah field, which has been in production since 2001. It contains a gas-bearing sandstone reservoir described as being of excellent quality, with about 50 m of net pay.
According to Eni, the discovery supports Egypt’s goal of boosting reserves and increasing gas production, while strengthening the country’s energy security. The result also confirms the company’s strategy of rejuvenating producing assets through near-field and infrastructure-led exploration.
The drilling of Denise W-1 follows the binding agreement signed in July 2025 with EGPC and EGAS for a 20-year renewal of the Temsah Concession. Eni operates the Denise Development Lease within the concession with a 50% contractor working interest, while bp holds the remaining 50%. The asset is operated through Petrobel, the joint venture operating company between Eni and EGPC.
Eni has been active in Egypt since 1954 and today holds a diversified portfolio across exploration, development and production. In 2025, the company’s oil and gas production in the country stands at 242 kboed equity.
