Upstream
Galp has been present in Mozambique in the Upstream business since 2007, through the farm-in with Eni and the Empresa Nacional de Hidrocarbonetos (ENH) for the exploration of Area 4, located in the Rovuma basin.
The approximately 85 tcf of gas initially in place identified in Area 4 of the Rovuma basin place it as one of the world’s most relevant regions for the future natural gas production.
Mozambique is growing in the oil and gas industry and is expected to become the third largest producer in Sub-Saharan Africa by the middle of the next decade. The size and quality of the resources discovered will be transformational for the country and will also play a fundamental role in Galp’s production profile, contributing to a lower carbon portfolio mix, aligned with the Company’s strategic commitment to a smooth energy transition.