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
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation






