At Galp, we believe that cooperation and the exchange of experiences are fundamental to value creation, as well as for studying and implementing new and innovative technological solutions and new businesses.
We therefore actively promote the management of the relationship with our stakeholders, particularly the development of lasting and successful partnerships with leading companies in the energy sector and with the scientific and technological community.
Due to the typical volatility of this industry, we will continue to invest in enhancing the skills of the Exploration and Production (E&P) team, strengthening the influence on consortia, in order to promote the sharing of synergies between the parties involved and across the different projects in which we participate.
Why is it important to Galp and its Stakeholders
At Galp, in addition to focusing our efforts on shared value creation, we also want to ensure the integration of research and development practices into the business strategic formulation, enabling and technologically differentiating the Company, and fostering its preparation to address emerging challenges.
Our ambition is to develop, in the long term, our status as a project operator and to strengthen our training in terms of technology, knowledge and experience.
These aspects will be instrumental in developing E&P activities in a more sustained manner and enhancing success and control, while also increasing the visibility and ability to organise and participate in new consortia.
In an integrated way and aiming at the long-term sustainability of the Company, we strengthen the exploration activity according to clear and rigorous criteria, namely regarding the definition of geographies, capital allocation, maintaining a relevant level of production and the materiality of the participations. According to these factors, we adjust the activity level to the Company’s growth profile.