CAIRO - 7 April 2026: Eni has reported a major gas and condensate discovery offshore Egypt, marking a new addition to the country’s growing energy portfolio.
The find follows the successful drilling of the Denise W-1 exploration well within the Temsah Concession in the Eastern Mediterranean.
Initial assessments indicate the field contains an estimated 2 trillion cubic feet (Tcf) of gas initially in place, alongside roughly 130 million barrels of associated condensates.
The discovery is located approximately 70 kilometers offshore in waters around 95 meters deep and sits within close proximity, less than 10 kilometers, to existing production infrastructure, positioning it for accelerated development.
According to early technical evaluations, the reservoir mirrors the characteristics of the nearby Temsah field, which has been producing since 2001.
The Denise W structure features high-quality gas-bearing sandstone with around 50 meters of net pay, suggesting strong recovery potential.
The announcement comes as Egypt continues efforts to strengthen its energy security and expand domestic gas output. Eni said the discovery aligns with its strategy of maximizing value from existing assets through near-field exploration and infrastructure-led development.
The well was drilled following a July 2025 agreement between Eni, Egyptian General Petroleum Corporation (EGPC), and Egyptian Natural Gas Holding Company (EGAS) to extend the Temsah Concession for an additional 20 years.
Eni holds a 50% working interest in the concession’s Denise Development Lease, with bp owning the remaining stake. Operations are conducted via Petrobel, the joint venture between Eni and EGPC.
With a presence in Egypt dating back to 1954, Eni remains one of the country’s leading energy investors. The company reported equity production of approximately 242,000 barrels of oil equivalent per day in 2025, reflecting its continued role in supporting Egypt’s upstream sector growth.
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