Eni has made a gas and condensate discovery offshore Egypt after drilling the ​Denise W‑1 exploration well in the Temsah ‌Concession in the Eastern Mediterranean, the Italian energy group said on Tuesday.

Preliminary estimates indicate about 2 trillion ​cubic feet of gas initially in place ​and 130 million barrels of associated condensates.

The discovery will help Eni support Egypt's goal of boosting gas reserves and increasing production, the Italian company said.

Egypt's local gas production has fallen in recent years, and the country is currently suffering ​the spillover effects of the Iran war, particularly in the energy sector, as it relies on imported fuel.

Eni's ‌discovery ⁠is located around 70 km (43 miles) offshore in 95 metres (312 feet) of water depth and less than 10 km from existing infrastructure, creating ​substantial synergies ​for a ⁠fast‑track development.

The Denise W‑1 well was drilled following a binding agreement signed ​in July 2025 with Egyptian authorities ​to ⁠renew the Temsah Concession for 20 years.

Eni operates the Denise Development Lease with a 50% working ⁠interest ​alongside BP with operations conducted ​through Petrobel, Eni's joint venture with Egypt's state-owned oil company ​EGPC.