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Portugal: Galp wants 16 production units by 2020

Page created: Tuesday, 15 March 2016 14:21 GMT

Thematic
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Earnings Report   Galp   Investments  Strategic Plan 2020

Lisbon, Mar. 15 (Lusa) – The CEO of Portuguese oil company Galp Energia, Carlos Gomes da Silva, said on Tuesday the company wanted to reach 2020 with 16 production units in Brazil and Angola compared with the seven platforms the company has at the moment.

The number of production platforms is to rise to eight this year when another one starts at the Lula/Iracema project, where the Portuguese company is partnered with Petrobras.

A further six platforms are scheduled for Brazil until 2020, but production is also going to boosted when two new platforms come into operation in block 32 in Angola.

Carlos Gomes da Silva stressed the “notable work” in Brazil and left “a public recognition of the capacity and professionalism of the Petrobras team, bearing in mind the situation the company is going through”, by being involved in the corruption scandal.

On 16 February, Galp Energia announced the start of the fifth FPSO platform ship at the Brazilian offshore Cidade de Maricá field, which can process up to 150,000 barrels of oil a day and 6 million cubic metres of natural gas.

JNM/ADB // ADB