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
28 April 2026
Oil traders warning of $200/bl oil are wrong, and the market should be wary of proclamations that the impact of the oil shortage has only begun to be felt and a that a ‘harsh adjustment’ is coming—even for industrialised nations
28 April 2026
Restoring supply from Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain and Iraq involves complexities far beyond simply adjusting operational controls
28 April 2026
Datacentres will guzzle power at a ferocious rate, but the impact on wider energy markets will be far more complex than previously thought
28 April 2026
The key energy player faces balancing regional routes, political complexities, and creating a clear strategic vision for energy security






