Exploration Company of the Year
Eni
Eni has enjoyed another year of exceptional drill bit success, with the Calypso 1 gas discovery offshore Cyprus—ranked by consultancy Rystad Energy as the largest globally in the first half of the year—a stand-out success. In Egypt, it twice hit oil with the A2-X and B1-X wells in the Faghur Basin, as well as gas at Obayed in the country’s western desert, and struck oil at the Kalimba prospect deepwater Angola. The firm’s “near field” exploration strategy paid off at Norway’s Skruis prospect in PL532 close to the Johan Castberg project, and it also spudded a successful appraisal well at Cape Vulture in the northern Norwegian Sea, within just 10km of the Norne FPSO. Previous exploration succe
Also in this section
23 January 2026
A strategic pivot away from Russian crude in recent weeks tees up the possibility of improved US-India trade relations
23 January 2026
The signing of a deal with a TotalEnergies-led consortium to explore for gas in a block adjoining Israel’s maritime area may breathe new life into the country’s gas ambitions
22 January 2026
As Saudi Arabia pushes mining as a new pillar of its economy, Saudi Aramco is positioning itself at the intersection of hydrocarbons, minerals and industrial policy
22 January 2026
New long-term deal is latest addition to country’s rapidly evolving supply portfolio as it eyes role as regional gas hub






