Press Releases - List

Galp’s 8th floating unit starts production in Brazil’s pre-salt - The P69 has a production capacity of 150,000 kboepd. It is the 8th unit installed in eight years. Lula/Iracema’s total installed capacity tops 1 mln barrels.

Galp tops 100 million barrels produced in Brazil ahead of celebrating two decades in the country - The company’s average daily production surpassed 100 kboepd, in the second quarter, making it Brazil’s third-biggest producer; Galp has invested upwards of $5 billion on the development of its projects in the pre-salt, which it pioneered. Strong presence at the 2018 Rio Oil & Gas, Latin America’s largest Oil & Gas trade fair.

Carlos Gomes da Silva elected best CEO in Investor Relations by Deloitte and Forbes - [This press release is only available in Portuguese]

Galp organizes Galp Atlantic Meeting conference - Conference is held this Wednesday under the umbrella of the Portugal Shipping Week international event organized for the first time in our country. The role of Portugal as a maritime centre of global transport and logistics, international trade trends and innovation in the sector will be among the topics under analysis

Galp leads Dow Jones European index - Moves into top 3 of world’s most sustainable companies

Galp reaches all Mozambican provinces and invests in two new logistical bases - Reinforcement of the service station network, having doubled the number of service stations in the country in only four years. Company is investing in two new logistical bases in Matola and Beira. Gas projects in the Rovuma basin position Mozambique as one of Galp's growth drivers for the next decade. Galp has been present in Mozambique for more than 60 years and is one of the largest foreign investors in the country.

International activities boost earnings - Oil and gas working interest production increased 20% with addition of new Brazilian pre-salt unit and its ramp-up to maximum capacity production. Energy efficiency and increased exports benefit refining system. Capex of €218 million boosts 1st half investment to €364 million. Adjusted net income totals €251 million.

Galp produces 1st oil in Angola's Kaombo project - Angola is expected to once again contribute to the growth of Galp’s average daily production, which stood at 108.1 thousand barrels in the 2nd quarter. Kaombo’s development plan comprises two FPSOs with a combined daily production capacity of 230K barrels. The second FPSO unit is scheduled to start operating as early as next year.

Galp and IBM build cutting-edge Artificial Intelligence advisor to speed-up appraisal of oil and gas prospects and discoveries - Prototype is the result of a three-year research project between Galp’s Brazilian unit, Petrogal Brasil, and IBM Research-Brazil. Project undertaken under Brazil’s ANP R&D incentive framework. This tool is trained on knowledge from previous evaluations and experiences and improves its capabilities by interacting with users or ingesting more data

Mozambique’s Area 4 consortium submits development plan for the Rovuma LNG Phase 1 - The project comprises two LNG trains which will produce 7.6 mtpa. The Final Investment Decision is expected in 2019 and first gas in 2024.

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