Exploration assets Roland Muggli Head of Exploration 1 Capital Markets Day - March 14th 2011
Overview Exploration assets Angola development Brazil exploration assets Pre-salt Santos basin Final remarks 2 Capital Markets Day - March 14th 2011
Portuguese basins with an acreage of over 21,000 km2 Portuguese basin location Galp Energia entered in the deepwater acreage of Portuguese basins in 2007 Mesozoic rift basins with salt structures (Peniche) and Tertiary inversion…
Exploration now focus on 3D seismic 2D and 3D seismic coverage A total of 11,700 km of 2D seismic acquired in Peniche and Alentejo basins Several large structural oil leads identified allowing to define 3D seismic target areas…
Exploring natural gas reservoirs in Angola with LNG II project LNG II project Galp Energia is part of the first integrated natural gas project consortium in Angola since 2007 Exploration and appraisal works to establish gas…
East Timor as a frontier acreage East Timor blocks location Galp Energia entered in East Timor in 2007 Frontier acreage of 8,600 Km2 Timor island accretionary wedge and foreland basin (Northern Bonaparte) Main oil targets are…
Entering a new phase of exploration 2D and 3D seismic Blanket coverage of 3,150 km of 2D and 8,400 km2 of 3D seismic First frontier exploration well Cova-1 completed in early 2011 was considered to be non-commercial, but…
Uruguay is a new acreage to Galp Energia Punta del Este basin location Galp Energia entered in Uruguay in 2009 Frontier acreage of 8,500 km2 6,290 km of 2D seismic over Blocks 3 and 4 in Punta del Este basin 2D seismic…
Galp Energia is an early mover into deepwater offshore Mozambique Rovuma basin Area 4 location Galp Energia entered into deepwater offshore Mozambique in 2007 Basin contains one of the largest Tertiary delta on the coast of East…
Material gas play potential identified 2D and 3D seismic 2,320 km 2D and 2,560 km2 3D seismic Slope channel fan complex at multiple levels High quality Tertiary reservoirs constituted by laterally extensive turbidite deep sea…
Nearby gas discoveries significantly reduce exploration risk Area 1 discoveries Four gas discoveries and one oil encounter announced in Area 1 Nearest gas discovery is only 3 km away from block boundary Confirmed presence of a…
Acronyms Number HR Human Resources United States dollar IOC International Oil Company % Percentage IPO Initial Public Offering 2D Two dimensional seismic Kboepd Thousand barrels of oil equivalent per day 3D Three dimensional…
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