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Exploration & Production 
 

In the Exploration & Production business segment, we explore, develop and produce oil and natural gas and we operate in c.50 projects spread across the world

We started the Exploration & Production activity in Angola in 1982, at the Safueiro field, and since then we have added other projects in Angola to our portfolio, in which block 14 stands out for being one of the only blocks under production.

 

In 1999, we started out projects in Brazil by participating in the second bidding round for the award of exploration rights in the country. Galp Energia's exploration activity is growing fast, especially in Brazil, where the relevant discoveries in the Santos basin led us to the restricted group of operators with highly successful exploration programmes.

Galp Energia's Exploration & Production portfolio

Get to know in detail our Exploration & Production activity

Transparency on Exploration & Production

With the commitment of continuing to develop a sustainability strategy that contributes to a fair and transparent development, Galp Energia stated its adhesion and support to the fulfilment of the principles of the Extractive Industries Transparency Initiative (EITI).

 

EITI aims at strengthening governance by improving transparency and accountability in the extractive sector. EITI is a global standard that promotes the transparency of revenues generated from activities of extraction and production of mineral resources, among which are oil and gas. It consists of a robust and flexible method to follow and reconcile the payments of operating companies and the public revenues of the country that owns resources.

 

The process is supervised by participants from governments, companies and civil society. The principles of the EITI, agreed in the Lancaster House Conference, in June 2003, are the basis of the initiative, which may be checked at http://eiti.org/eiti/principles.

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Last update: 30 May 2016

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