Following preliminary estimates from drilling activities offshore Eastern Mediterranean, Eni is anticipating the presence of approximately 2 trillion cubic feet of gas initially in place and 130 Mbbl of associated condensates
Discovered from the Denise W 1 exploration well, it especially aligns with the major's near-field and infrastructure-led exploration strategy as it comes with the potential for a massive fast-track development. The well is positioned less than 10 kms away from existing infrastructure, belonging to the Temsah Concession lying 70 km offshore in 95 m of water depth.
As part of substantial investments in brownfield assets, Eni had secured a 20-year renewal of the Temsah Concession in 2025 from the Egyptian General Petroleum Corporation and Egyptian Natural Gas Holding Company. The discovery thus comes as a significant return of investment for the oil major, similar to the now-producing Temsah field, which also featured a gas-bearing sandstone reservoir of excellent quality with about 50 m of net pay like the Denise well.
Eni's joint venture with EGPC, Petrobel, which operates the Denise Development Lease of the Temsah Concession, secures boosted gas output for the country, contributing to its national goals and energy security.
Eni operates the Denise Development Lease of the Temsah Concession with a 50% contractor working interest, alongside bp which holds the remaining 50%.
Eni has been active in Egypt since 1954 and today holds a diversified portfolio spanning exploration, development, and production, with oil and gas production of 242 kboed equity in 2025.
Eni finds gas presence offshore Egypt
Eni has discovered gas from the Denise W 1 exploration well.
