Galp | Press releases

Drilling of new well confirms Tupi’s potential - The contractor group for BM-S-11 in ultra deep water of Santos basin, including Galp Energia, Petrobras and BG Group, informs that the drilling of the seventh well located in Tupi’s area, confirms the light oil potential of pre-salt reservoirs of that area.

Galp Energia sets up partnership for Sines’ CCGT development - Galp Energia has signed today an agreement with a subsidiary of International Power plc (IPR) for the development of the combined cycle gas turbine plant (CCGT) at Sines. Through this agreement Galp Energia hands over 50% of the company currently developing the CCGT project at Sines, which was formerly 100% owned by Galp Energia, to IPR. Subject to the approval of the relevant authorities, completion of the transaction is expected to occur by the end of 2010.

Drilling of new well confirms Tupi’s potential - The contractor group for BM-S-11 in ultra deep water of Santos basin, including Petrobras, BG Group and Galp Energia, informs that the drilling of a new well located in Tupi’s area, confirms the light oil potential of pre-salt reservoirs of that area.

Well tests in Tupi NE confirm high productivity - The contractor group for BM-S-11 in ultra deep water of Santos Basin, including Galp Energia, Petrobras and BG Group, informs that the Drill Stem Test (DST) in the fourth well, informally known as Tupi NE, located in Tupi’s Evaluation Plan Area, was concluded and proved a very high productivity in the carbonate pre-salt reservoirs in this area.

Galp Energia signs an agreement for exploration and production in Uruguay - Galp Energia and its consortium partners Petrobras and YPF have signed today in Montevideo, an exploration and production agreement for the Uruguayan continental platform with Acap, the national oil company of Uruguay.

Galp Energia buys 15% of Ventinveste from Martifer Renewables - Galp Energia group has bought from Martifer Renewables, an affiliate company of Martifer SGPS, 50% of the Parque Eólico Penha da Gardunha, Lda., a company that currently holds 30% of the share capital of Ventinveste, S.A. (Ventinveste).

Galp Energia and Morgan Stanley Infrastructure acquired certain of Gas Natural’s Gas distribution assets and gas supply activities in Madrid - Galp Energia and Morgan Stanley Infrastructure today announced that they have entered into a definitive agreement to acquire jointly certain of the gas distribution and supply businesses in the region of Madrid from Gas Natural SDG, S.A.

Joint Venture for the natural gas liquefaction project in the pre-salt signs agreements for front end engineering development - Galp Energia and the other partners of the Joint Venture, that aims to build a Floating Liquefied Natural Gas (FLNG) unit to commercialize the natural gas produced in the pre-salt layers, have signed today the contracts with the successful bidders of the tender for the development of the Front End Engineering and Design (FEED) of the unit.

Natural gas liquefaction project in the pre-salt - Galp Energia has formalized the entrance into a joint venture, formed by Petrobras, BG Group and Repsol, to develop the Front End Engineering and Design (FEED) of a Floating Liquefied Natural Gas (FLNG) unit.

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Press Releases