Announcements

Galp Energia’s 3rd quarter 2011 results and strategy execution update - In the first nine months of 2011, Galp Energia’s replacement cost adjusted net profit of €172 million was €94 million lower than a year earlier as the Refining & Marketing business segment underperformed. Net profit of €61 million in the third quarter 2011 was €32 million lower than a year earlier.
Galp Energia announces an update on Mamba South prospect in Mozambique - Galp Energia, partner of the consortium for Area 4 in Rovuma basin, offshore Mozambique, provides an update on the gas discovery at the Mamba South-1 prospect. During its deepening, the well encountered a new separated pool that contains up to 7.5 Tcf of gas in place in clean sands of Eocenic age. The new sequence has about 90 meters of gross pay and has also been successfully cored.
Galp Energia announces a giant gas discovery offshore Mozambique - <p>Galp Energia, partner of the consortium for Area 4 in Rovuma basin, offshore Mozambique, announces a giant natural gas discovery at the Mamba South 1 prospect, in that area. The discovery well encountered a total of 212 meters of continuous gas pay in high-quality Oligocene sands. </p>
Trading update 3Q 2011 - This trading update is aimed at providing estimates regarding macroeconomic, operational and trading conditions experienced by Galp Energia in the third quarter ending September 30 2011. The third 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 October 28 2011.
Lula-Mexilhão pipeline starts operations in Santos basin - Galp Energia, partner of the consortium for BM-S-11, with Petrobras and BG Group, started last Friday, September 16th 2011, operations of the Lula-Mexilhão gas pipeline, which connects the Lula field to the Mexilhão platform, located in Santos basin shallow waters, being strategic for the development of the pre-salt oil production of that basin.
Notes Issue of €185,000,000 - Pursuant to article 249 (2) (d) of the Securities Code (Código dos Valores Mobiliários), Galp Energia, SGPS, S.A. (“Galp Energia”) hereby discloses that on the date hereof it has completed the issue of Notes, through a private offering, in the amount of €185,000,000.
Resolutions of the general shareholders meeting - Galp Energia, SGPS, S.A. (“Galp Energia”) informs that the general shareholders meeting, convened today, approved the amendment of the articles of association of the Company.
Galp Energia’s 2nd quarter 2011 results and strategy execution update - In the first half of 2011, Galp Energia’s replacement cost adjusted net profit fell 36% year on year (yoy) to €111 million due to the worse performance of the Refining &amp; Marketing business segment. Net profit of €70 million in the second quarter 2011 reflected the same downward trend when compared to a year earlier.
Trading Update 2Q 2011 - This trading update is aimed at providing estimates regarding macroeconomic, operational and trading conditions experienced by Galp Energia in the second quarter ending June 30 2011. The second 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 July 29 2011.
First well in Lula field confirms high production potential - The P1 well, the first commercial production well at the pre-salt Santos Basin, in Lula field, has reached in May an average production of 28,436 barrels of oil per day (bpd), confirming the high potential of the Brazilian pre-salt reservoirs.
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