Galp to Join Consortium for Angolan Gas Exploration

In accordance with the terms of article 248 of the Portuguese Securities Code, Galp Energia, SGPS, S.A. hereby discloses the following information:

Galp Energia signed, in Lisbon, an agreement to participate in a consortium for the development of natural gas exploration activities in Angola.

In a first phase this agreement provides for exploration of natural gas reservoirs, located offshore north of Angola. After this stage, and following the conclusion of the evaluation of results achieved, a natural gas liquefaction plant may be constructed, if the volumes encountered during the first phase justify the project.

The consortium, in which Galp Energia holds a participation of 10%, also includes Sonangol Gás Natural, Lda, a subsidiary of Sonangol for natural gas and the consortium operator with 40%, ENI Angola Exploration, B.V. with 20%, Gas Natural West Africa, a company that will include Gas Natural and Repsol, with 20% and Exem Exploration & Production, B.V. with 10%.

Galp Energia is also present in oil exploration and production offshore Angola, through stakes in Block 14, Block 14K, Block 32 and Block 33.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Global Business Development Manager
Expertise: Business Development
Location: Houston, TX
 
United States Canonsburg: Proposals Specialist
Expertise: Business Development|Marketing|Sales
Location: Canonsburg, PA
 
Senior Land Professional Job
Expertise: Landman|Lease Analyst
Location: Oklahoma City, OK
 
search for more jobs

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours