Announcements

Galp Energia announces the financial close of the capital increase at Petrogal Brasil, fully subscribed to by Sinopec - Galp Energia and Sinopec successfully closed today the agreement announced in November 2011, related to the capital increase in Petrogal Brasil and other related entities, responsible for Galp Energia’s upstream activities in Brazil.
Mozambique Area 4 potential enhanced further with Mamba North East-1 results - Galp Energia, partner of the consortium for Area 4 in Rovuma basin, offshore Mozambique, announces a new giant natural gas discovery at the Mamba North East-1 exploration prospect. The results of this well, drilled in the Eastern part of Area 4, are of special importance since they increase the resource base of the reservoirs inside Area 4 by at least 10 trillion cubic feet (tcf), of which 8 tcf contained in reservoirs exclusively located in Area 4.
New well confirms oil presence in block BM-S-8 - Galp Energia, partner of the consortium for the exploration of block BM-S-8, informs about the drilling of the well 4-SPS-86B (4-BRSA-971-SPS), informally known as Carcará, which is located in ultra-deep waters of pre-salt Santos basin, 232 km off the coast of São Paulo state.
Galp Energia’s Capital Markets Day 2012 “Solid foundations to deliver sustainable value” - Galp Energia presents today, at its Capital Markets Day 2012 in London, the Company’s strategy overview and financial outlook, as well as key information on its upstream portfolio.
Galp Energia announces extended well test in the Cernambi area, in Santos basin - Galp Energia, partner of the consortium for block BM-S-11, in ultra-deep water Santos basin, announces the start of an extended well test in the Cernambi area, with the FPSO BW Cidade de São Vicente. The FPSO was connected to the RJS-647 well, in water depths of 2,212 metres.
Galp Energia announces a new giant gas discovery offshore Mozambique - Galp Energia, partner of the consortium for Area 4 in Rovuma basin, offshore Mozambique, announces a new giant natural gas discovery at the Mamba North 1 prospect, in that area. The discovery well encountered a potential of 212.5 billion cubic meters (7.5 tcf) of gas in place.
Galp Energia’s 4th quarter 2011 results and strategy execution update - In 2011, Galp Energia’s replacement cost adjusted net profit of €251 million was €55 million lower than in 2010 as the Refining & Marketing business segment underperformed. Net profit of €79 million in the fourth quarter of 2011 was €40 million higher yoy.
4th Quarter 2011 trading update - This trading update is aimed at providing estimates regarding macroeconomic, operational and trading conditions experienced by Galp Energia in the fourth quarter ending December 31 2011. The fourth quarter margins, prices, production and other data referred to below are currently provisional. All such data is subject to change and may differ from the final numbers that will be reported on February 10 2012..
New well confirms presence of oil in block BM-S-8 - Galp Energia, partner of the consortium for block BM-S-8 with Petrobras and Shell, informs about the conclusion of the drilling of the well 4-BRSA-946C-SPS, informally known as Biguá, which is located in block BM-S-8, in ultra-deep waters of pre-salt Santos Basin, 270 km off the coast of São Paulo state.
Galp Energia announces a partnership with Sinopec to jointly develop its Brazilian upstream portfolio, valued at $12.5 billion - Galp Energia and Sinopec have reached an agreement for the capital increase in Galp Energia’s Brazilian subsidiary, Petrogal Brasil. This agreement confirms Galp Energia as one of the most relevant upstream players in Brazil and ensures the development of the Company’s assets in this country, while establishing a partnership with Sinopec, a world class energy group.
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