Galp Energia at a glance 

 

>More than 40 projects in portfolio

1,539 service stations

 4,680 Mm3 sales of natural gas

• Galp Energia's exploration activity is growing fast, especially in Angola and Brazil with the recent discoveries;

• We process oil into refined petroleum products, mainly marketed by our own network in Portugal and Spain;

• The main activities of this business segment are import, distribution and sale of natural gas and production of electricity;

• Production of oil is concentrated on Angola’s Block 14, where 17.8 thousand barrels are produced daily. However, the start-up of the pilot project in the Tupi field signaled the rise of Brazil;

• We are the only refining company in Portugal, and we currently have a refining capacity of 330,000 barrels a day;

• The natural gas is sold in Portugal and Spain to over 1.3 million customers;

• The Declaration of Commerciality for the Tupi/Iracema project in late 2010 was an important milestone confirmed by the rise of 539 Mboe in 3P NE reserves;

• Refined products are primarily marketed in the Iberian Peninsula but also in Africa, with sales to direct clients hitting 11.0 million tonnes in 2010;

• We plan to exploit current developments in our power business to increase our sales of natural gas;

• The development of existing resources, with several projects set to start production in the next few years, will allow Galp Energia to have a production target of 300 kboepd for 2020.

• On 2010, the marketing network reached 1,539 service stations.
  

• In the power business, our aim is to position ourselves in the marketing of power in Portuguese market.