Eni Discovers 2TCF of Natural Gas and 130 Million Barrels of Condensate in the Mediterranean, Offshore Egypt: It Could Reduce Egypt’s Gas Import Bill

     In partnership with BP, Italian oil & gas giant Eni announced a recent discovery offshore Egypt in the Mediterranean Sea of 2TCF of natural gas and 130 million barrels of associated condensate. The large find is from the Denise W-1 offshore exploration well in the Temsah Concession in the Eastern Mediterranean, about 70 kilometers offshore in 95 meters of water depth and less than 10 kilometers from existing infrastructure. The nearness to existing infrastructure will allow it to be “tied back” and decrease the time to production. This will be good for Egypt since regional natural gas import prices have skyrocketed there since the advent of the Iran War. Egypt imports a significant amount of natural gas. Other recent oil & gas finds in onshore Egypt will also be helpful in this regard. Eni and BP have a long-established relationship with Egypt. The Temsah discovery dovetails with the massive Zohr gas field, discovered in 2015, with originally estimated reserves of 30TCF.

     Below is a map of geologic structures in the region, which appear to be dense. I am guessing the hydrocarbons are from a structural trap or at least a trap influenced by structure.

     Egypt imports natural gas from Qatar and Israel, from the North Field and Leviathan Fields, respectively, and those imports have been disrupted by the Iranian conflict.

“Prime Minister Mostafa Madbouly said last month the conflict had nearly tripled Egypt's natural gas import bill, from $560 million (€515mn) to $1.65 billion (€1.52bn,) per month.”

     Other recent oil & gas finds onshore Egypt include Apache’s discovery well in the Western Desert, which is expected to yield 26 million cubic feet per day and 2700 barrels of condensate per day. Another recent oil discovery occurred in the Gulf of Suez.

    

References:

 

Gas discovery off Egypt's coast comes at a critical moment for Iran war. Una Hajdari. AfricaNews. April 7, 2026. Gas discovery off Egypt's coast comes at a critical moment for Iran war

Italy's Eni announces mega offshore gas discovery in Egypt: 2 Tcf offshore gas discovery with fast track development potential. Zawya Projects. April 7, 2026. Italy's Eni announces mega offshore gas discovery in Egypt

Truthfulness of the Existence of the Pelusium Megashear Fault System, East of Cairo, Egypt. Mohamed A. Gamal. International Journal of Geosciences, 2013, 4, 212-227. Truthfulness_of_the_Existence_of_the_Pelusium_Mega.pdf