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
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The global gas industry is no longer on the backfoot, hesitantly justifying the value of its product, but has greater confidence in gas remaining a core part of the global energy mix for decades
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tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
