Announcements

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.
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.
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