Eni announced plans to move forward with development of the Denise West gas discovery located offshore Egypt in the Temsah Concession. The Italian energy company discussed the project with Egyptian President Abdel Fattah el-Sisi as part of broader talks on upstream investments and exploration initiatives in the country.
The Denise West field, discovered in April in the Eastern Mediterranean, is assessed to hold approximately 2 trillion cubic feet of gas and 130 million barrels of condensate. The operator is targeting a final investment decision within the coming months, with initial production expected to commence within two years. The field’s proximity to existing infrastructure, sitting less than 10 kilometers away, positions it for a development approach that can leverage currently available facilities and potentially accelerate the timeline to production.
Eni holds a 50% contractor working interest in the project, with bp holding an equivalent stake. The Egyptian General Petroleum Corporation participates through Petrobel, the joint venture between Eni and EGPC that oversees operations. This discovery is part of an expanded drilling and exploration effort that commenced in October 2025, which has generated additional finds in the offshore Nile Delta and Western Desert regions.
The investment underscores Eni’s continued focus on Egypt’s hydrocarbon sector. The company reported that its recent activities have increased production from offshore Sinai fields by 50%, and Eni maintained its position as Egypt’s largest oil and gas producer with equity production of roughly 242,000 barrels of oil equivalent per day in 2025.
The Denise West development is part of a broader regional strategy that includes the Cronos project offshore Cyprus, which achieved a final investment decision in July. Cronos is slated to deliver gas to Egypt’s existing Zohr facilities and subsequently to the Damietta LNG plant, reinforcing Egypt’s role as a regional processing and export hub for Eastern Mediterranean gas resources.
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