bp Strengthens Upstream Portfolio with New Gas Discovery Offshore Egypt Near Existing Infrastructure

bp Strengthens Upstream Portfolio with New Gas Discovery Offshore Egypt Near Existing Infrastructure

(IN BRIEF) bp has made a significant gas and condensate discovery offshore Egypt with the Denise W-1 exploration well in the Temsah Concession, located in the Eastern Mediterranean. The discovery benefits from its close proximity to existing infrastructure, enabling potential fast-track development and cost efficiencies. Early results confirm high-quality gas-bearing reservoirs similar to nearby producing fields, supporting its commercial potential. bp shares the concession equally with Eni, which operates the development through Petrobel. The discovery is part of bp’s broader efforts to expand its upstream portfolio in Egypt, where it continues to invest in exploration and production, including new offshore blocks and an ongoing drilling campaign. With more than 60 years of operations in the country, bp remains a key player in supporting Egypt’s energy supply. This latest find, along with a series of recent discoveries, strengthens bp’s resource base and highlights its continued focus on delivering long-term growth through strategic exploration and development initiatives.

(PRESS RELEASE) LONDON, 8-Apr-2026 — /EuropaWire/ — bp has announced a new gas and condensate discovery offshore Egypt following the successful drilling of the Denise W-1 exploration well within the Temsah Concession in the Eastern Mediterranean.

The Denise W discovery is located around 70 kilometres offshore at a water depth of approximately 95 metres and is situated less than 10 kilometres from existing production infrastructure. This proximity is expected to enable rapid development through integration with nearby facilities, creating strong potential for a fast-track approach to bringing the resource into production.

Initial drilling results indicate the presence of high-quality gas-bearing sandstone reservoirs across a gross interval of about 90 metres. The reservoir characteristics are consistent with those found in the nearby Temsah and Akhen fields, which have been producing since 2001, reinforcing confidence in the commercial viability of the discovery.

The well was drilled following a binding head of agreement signed in July 2025 between bp and Egyptian authorities, including Egyptian General Petroleum Corporation and Egyptian Natural Gas Holding Company, extending the Temsah Concession for a further 20 years.

bp holds a 50 percent working interest in the concession, alongside Eni, which also holds a 50 percent stake and operates the Denise Development Lease through Petrobel, a joint venture between Eni and EGPC.

The discovery forms part of bp’s broader strategy to strengthen its upstream portfolio in Egypt and support the country’s growing energy demand. Earlier in 2026, bp was awarded two additional offshore exploration blocks: North-East El Alamein Offshore, fully owned by bp, and West El Hammad Offshore, where bp holds a 25 percent interest and Eni operates with a 75 percent stake. Both concessions are located near established infrastructure, enabling potential synergies in future development.

In parallel, bp has recently mobilized the DS-12 drilling rig to carry out an extensive drilling campaign, which includes five confirmed wells and three optional wells in deepwater environments. These activities are aimed at increasing domestic gas production and enhancing energy security in Egypt.

The company has also expanded its exploration footprint by securing Block 6 in the Red Sea through an agreement with the South Valley Egyptian Petroleum Holding Company (GANOPE), marking entry into a new exploration area with promising potential.

bp has maintained a presence in Egypt for more than six decades and continues to play a central role in the development of the country’s energy resources through partnerships, investment, and ongoing exploration activity.

This latest discovery represents bp’s second exploration success in 2026, following a strong year in 2025 that saw the company record 12 discoveries. Together, these results contribute to strengthening bp’s resource base and supporting its long-term growth strategy.

Media Contact:

bp press office, London: bppress@bp.com

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SOURCE: BP p.l.c.