Upgrade project moving ahead according to plan Works at Matosinhos refinery Project on cost, 1.4 Bln, of which around 800 Mln already invested 50% overall construction at Sines refinery already completed Porto and…
Pilot projects first commercial production already started FPSO Cidade de Angra dos Reis 1 well connected in 2010 and more wells to be connected in 2011 reaching 100 kbbl/d at the end of 2011 Tupis development plan to be…
TupiIracema intense appraisal works to prepare further development TupiIracema seismic data 9 wells drilled so far Recoverable oil and natural gas between 5 8 bln boe 2 appraisal wells and 5 development wells schedule…
Iaras development plan being prepared Iara seismic data Recoverable oil and natural gas between 3 4 bln boe 2 appraisal wells schedule for 2011/2012 Iaras EWT schedule to start after 2011 BMS11 retained area…
Intense appraisal works to support Jupiter development Jupiter seismic data Jupiter resources similar to Tupi discovery Oil, gas and condensates reservoir 1 appraisal well scheduled for 2011 Evaluation plan to be…
SAVE THE DATE Galp Energia Capital Markets Day 2011 March 14, 2011 9 Strategy update
Strategy update October 29 2010 Extending success into new challenges TIAGO VILLASBOAS tiagovbgalpenergia.com www.galpenergia.com INVESTOR RELATIONS OFFICER T: +351 21 724 08 66 F: +351 21 724 29 65