bp has announced a significant gas and condensate discovery offshore Egypt following the successful drilling of the Denise W-1 exploration well in the Temsah Concession, located in the Eastern Mediterranean.<\/p>\n
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Located approximately 70 kilometres offshore in a water depth of 95 metres, the Denise W discovery lies less than 10 kilometres from existing infrastructure, creating strong potential for synergies and a fast-track development.\u00a0<\/p>\n
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The discovery shares similar reservoir characteristics with the nearby Temsah and Akhen fields, which have been producing since 2001. High-quality gas-bearing sandstone reservoirs were encountered across a gross interval of approximately 90 metres.<\/p>\n
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The Denise W-1 well follows a binding head of agreement signed in July 2025 with EGPC and EGAS for a 20-year renewal of the Temsah Concession.\u00a0<\/p>\n
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bp holds a 50% working interest alongside Eni, which holds the remaining 50% and operates the Denise Development Lease of the Temsah Concession through Petrobel, the operating joint venture between Eni and EGPC.<\/p>\n
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Earlier this year, bp was awarded two new offshore exploration concessions: North-East El Alamein Offshore (100% bp) and West El Hammad Offshore (bp 25%, Eni 75% and operator). Both blocks are located near existing infrastructure.<\/p>\n
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Additionally, last month, bp mobilized the drilling rig DS-12 to drill five firm wells and three optional wells in complex deepwater environments, further supporting increased domestic gas production to meet Egypt\u2019s growing energy demand.<\/p>\n
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More recently, bp signed an agreement with GANOPE (South Valley Egyptian Petroleum Holding Company) for the award of Block 6 in the Red Sea, expanding into a promising new frontier.\u00a0 \u00a0<\/p>\n
bp has operated in Egypt for more than 63 years and continues to play a leading role in developing the country\u2019s energy resources through strategic partnerships and ongoing investment.<\/p>\n
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This marks bp\u2019s second exploration discovery this year, following 12 discoveries in 2025, further reloading its resource hopper in support of long-term organic growth.<\/p>\n","protected":false},"excerpt":{"rendered":"bp has announced a significant gas and condensate discovery offshore Egypt following the successful drilling of the Denise…\n","protected":false},"author":2,"featured_media":73373,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[1911,5541,114,85,46,47,5540,5542],"class_list":{"0":"post-381142","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-africa","9":"tag-bp-global-news","10":"tag-business","11":"tag-il","12":"tag-israel","13":"tag-middle-east","14":"tag-press-release","15":"tag-production-operations"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/381142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=381142"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/381142\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/73373"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=381142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=381142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=381142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}