Galp Plans to Drill 12 More Wells in 2013

Portugal's Galp Energia released late Monday a first quarter trading update in which it revealed that its average working interest production during the three months to Mar. 31 2013 increased by 4.3 percent to 23,500 barrels of oil equivalent per day over 1Q 2012.

Galp also confirmed its exploration and appraisal drilling schedule for 2013. The firm has four wells currently being drilling in Brazil, Mozambique and Namibia. It plans to drill a further 12 wells during the rest of the year, including three in Angola.

Galp said that it would report its first quarter results in full on April 29.

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