Reporting success in Egypt’s Gulf of Suez, Eni has said it expects production to begin imminently.
Italian oil firm Eni swung back to profit last year after achieving record production levels.
BP was today celebrating after bringing its seventh major start-up on line this year.
Italian oil firm Eni is celebrating the start of production from the Zohr field off Egypt.
Rosneft has acquired a 30% stake in the Zohr field, the largest gas field in the Mediterranean Sea.
BP notched up second quarter pre-tax profits of £700million, rebounding from a £2.5billion loss a year ago.
Eni has completed the sale to BP of a 10% stake in the Shorouk concession offshore Egypt.
Rosneft has bought a stake in the biggest gas field in the Mediterranean Sea.
Eni is said to be in talks with a number of parties to reduce its stake in the giant Zohr gas fild offshore Egypt to 50%, according to its chief executive.
Eni said it has successfully preformed a production test on the first appraisal well of its Zohr discovery.