In a launch despatched to Rigzone lately, Eni introduced a “important” gasoline and condensate discovery offshore Egypt.
The discover was made by means of the Denise W 1 exploration effectively within the Temsah Concession, located offshore within the Japanese Mediterranean, in line with the discharge, which revealed that preliminary estimates point out about two trillion cubic toes of gasoline initially in place and 130 million barrels of related condensates.
The Denise W discovery lies 43.5 miles offshore in 311 toes of water depth, and fewer than seven miles away from current infrastructure, “enabling substantial synergies for a fast-track improvement”, Eni highlighted within the launch.
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“Equally to the close by Temsah subject, which has been in manufacturing since 2001, it encompasses a gas-bearing sandstone reservoir of wonderful high quality with about 50 meters [164 feet] of web pay,” Eni mentioned within the launch.
“The invention reinforces Eni’s dedication to supporting Egypt’s nationwide objectives of boosting reserves and growing gasoline manufacturing, thereby strengthening the nation’s power safety,” it added.
“Additionally, this new discovery confirms Eni’s profitable technique in considerably rejuvenating producing property by means of near-field and infrastructure-led exploration,” it continued.
Eni famous in its launch that the drilling of Denise W-1 follows a binding settlement signed in July 2025 with EGPC and EGAS for a 20 12 months renewal of the Temsah Concession.
Eni identified within the launch that it operates the Denise Growth Lease of the Temsah Concession with a 50 % contractor working curiosity, alongside BP, which Eni highlighted holds the remaining 50 % stake. The asset is operated by means of Petrobel, a three way partnership working firm between Eni and EGPC, Eni outlined.
In a separate launch despatched to Rigzone, BP additionally introduced a “important” gasoline and condensate discovery offshore Egypt “following the profitable drilling of the Denise W-1 exploration effectively within the Temsah Concession”.
BP famous in its launch that “high-quality gas-bearing sandstone reservoirs had been encountered throughout a gross interval of roughly 90 meters [295 feet]”.
BP highlighted in its launch that the discover marks its second exploration discovery this 12 months, following 12 discoveries in 2025. It outlined that the invention “additional reload[s BP’s…] useful resource hopper in assist of long-term natural progress”.
As well as, BP famous in its launch that, earlier this 12 months, the corporate was awarded two new offshore exploration concessions – North-East El Alamein Offshore, which BP has a one hundred pc stake in, and West El Hammad Offshore, which BP holds a 25 % curiosity in, alongside Eni, who’s the operator with a 75 % stake.
“Each blocks are situated close to current infrastructure,” BP identified.
BP additionally mentioned in its launch that, final month, the corporate “mobilized the drilling rig DS-12 to drill 5 agency wells and three non-obligatory wells in complicated deepwater environments, additional supporting elevated home gasoline manufacturing to fulfill Egypt’s rising power demand”.
“Extra lately, BP signed an settlement with GANOPE (South Valley Egyptian Petroleum Holding Firm) for the award of Block 6 within the Purple Sea, increasing right into a promising new frontier,” the corporate added.
In an announcement posted on its web site, Egypt’s Ministry of Petroleum and Mineral Sources confirmed a “important pure gasoline discovery within the Mediterranean Sea by Eni”, which it mentioned “is a direct results of the Ministry’s incentive insurance policies and the settlement of associate dues, aimed toward boosting manufacturing, offsetting pure decline, and decreasing the import invoice”.
“Belayim Petroleum Firm (Petrobel) efficiently drilled the exploratory effectively ‘Denise W-1’ in Denise space offshore Port Stated, the place Eni operates as the primary investor,” the assertion famous.
“The effectively is at present being ready for testing and figuring out manufacturing charges. It’s scheduled to be introduced on stream following the completion of improvement actions, together with the development of an offshore manufacturing platform and the drilling of appraisal and improvement wells,” it added.
“This discovery is predicted to open new horizons for comparable discoveries in brownfields within the Mediterranean, corresponding to Temsah and Ras El Bar, thereby strengthening confirmed reserves and supporting Egypt’s total pure gasoline manufacturing,” it continued.
To contact the writer, electronic mail andreas.exarheas@rigzone.com
