(WO) — Eni and partners bp and Egyptian General Petroleum Corp. (EGPC) are working toward a final investment decision (FID) for the Denise West gas discovery offshore Egypt within the next few months, targeting first gas in less than two years.
Eni CEO Claudio Descalzi outlined the development plans during an Aug. 25 meeting with Egyptian President Abdel Fattah el-Sisi in Cairo, where the two discussed Eni’s ongoing upstream investment and exploration activities in the country.
Denise West was discovered in April 2026 in the Temsah concession as part of an offshore Mediterranean exploration campaign that Eni began in October 2025. The discovery is estimated to contain approximately 2 Tcf of gas and 130 million bbl of condensate in place, according to Eni.
The company said the discovery is suitable for fast-track development, with existing infrastructure supporting its plans to accelerate production.
Beyond Denise West, Eni is continuing exploration and drilling across its operated acreage in Egypt, focusing on short-cycle, infrastructure-led opportunities and extending production from mature assets in Sinai and the offshore Nile Delta.
Since 2025, those activities have contributed to a 50% increase in production from Eni’s offshore Sinai fields, along with additional discoveries in the offshore Nile Delta and Western Desert, the company said.
Descalzi also discussed the recently sanctioned Cronos gas development offshore Cyprus. The project is expected to utilize Egyptian infrastructure and support the country’s role as a Mediterranean gas hub.
Eni operates in Egypt through its IEOC subsidiary and is the country’s largest oil and gas producer. The company reported approximately 242,000 boed of equity production from Egypt in 2025.
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