Our roots

Galp was included in the Bloomberg Gender-Equality Index (GEI) 2023, a benchmark index that measures gender equality in pillars such as leadership and talent pipeline; equal salaries and gender pay parity; inclusive culture; policies against sexual harassment; and brand image.

Galp's business unit specialising in smart energy solutions for decentralised energy production and consumption, closed 2022 with 10,000 customers in Spain and Portugal, thanks to an acceleration of installations in the last eight months.

Seventeen years after the mythical launch of the Pluma, which changed forever the image of gas bottles in Portugal, Galp innovates again and has just launched a new version of the Pluma that incorporates a unique technology in the market: it will be the first intelligent bottle in the world to allow the user to know the gas level in real time.

A strategic partnership for the development, production and supply of sustainable aviation fuel (SAF - Sustainable Aviation Fuel) on a large scale, from waste, recycled waste oils and other sustainable raw materials.

A new era of aviation is thus inaugurated in Portugal with more sustainable fuels provided by Galp, in line with the European framework on mandatory incorporation of SAF in aviation.

The stake was acquired for a total consideration of €140 million from Cobra, which had taken over the position previously held by ACS.

Titan's project portfolio includes 1.15 GW of solar photovoltaic (PV) plants already in operation and several projects in different stages of development, with around 1.6 GW additional expected to be in operation by 2024. All projects are in located in Spain.

Galp, the Matosinhos City Council (CMM) and the North Regional Coordination and Development Commission (CCDR-N) signed this Wednesday a cooperation protocol for the reconversion of the site occupied by Galp's refinery in the municipality of Matosinhos. The development of an Innovation District and the allocation of part of the site for the construction of a university campus are two of the projects being evaluated under this protocol, which aims to promote the economic, social and environmental context of the entire northern region, positioning this initiative at the top of the world technology projects associated with sustainable energies.

Galp has agreed to acquire upon maturity a diversified portfolio of renewable energy projects of up to 4.8 GW to be developed in Brazil, more than doubling its global funnel capacity and expanding into wind power in South America’s largest country.

Galp and Northvolt have agreed to set up a joint company, Aurora, that aims to become a steppingstone for the development of an integrated lithium-battery value-chain aligned with Portuguese and European ambitions.

Galp agreed to acquire and develop solar projects in Brazil with a combined capacity of 594 MWp, moving forward with its renewable expansion ambitions and taking an important leap in its drive to reshape its portfolio and lower its carbon footprint.

Galp announces that the FPSO Carioca has started production in the Sépia field in the pre-salt region of the Santos basin in Brazil.

Galp has formally joined the environmental, social and government (ESG) metrics of the World Economic Forum (WEF), thus becoming the first Portuguese company to align with a business community focused on creating sustainable value and responding to the most pressing challenges of modern societies.

The structural changes in oil products demand patterns, driven by the regulatory context in Europe and the effects caused by the COVID-19 pandemic, have led to a significant impact on Galp’s downstream industrial activities.

Galp reached an agreement with the ACS Group for the acquisition of projects for the generation of photovoltaic energy in Spain, thus becoming the main solar power producer in the Iberian Peninsula.

Galp and its partners in the BM-S-11A consortium today started production through a new FPSO-type unit, the P-68, in the pre-salt region of the Santos basin, feeding the company’s production growth trajectory in Brazil and cementing Galp’s position as the country’s third-biggest oil and gas producer.

Conclusion of the first phase of development of the Lula/Iracema project, with nine FPSOs units producing in Santos basin.

During the year, Galp has reached another milestone in its production, mainly due to the continuous development of the Lula and Iracema projects in the Brazilian pre-salt.

With the start of production of the Cidade de Maricá FPSO and the Cidade de Saquarema FPSO in the Lula Alto and Lula Central areas, Galp has six units assigned to developing the Lula/Iracema fields in Block BM-S-11, in Brazil.

Galp launched a brand repositioning campaign, with a new signature - "Energia cria energia” (Energy creates energy) - with the aim of promoting its mission as an integrated energy player from upstream to lifestream.

Galp Energia achieves a new record daily production of oil and gas in October, exceeding 50 kboepd, a milestone reached through implementation of its strategy.

Galp Energia completes the drilling of the TAO-1 exploration well in the Tarfaya Offshore area, the first offshore well drilled by the Company.

Start of commercial production of the hydrocracking complex installed at the Sines refinery. The total investment in the Sines and Matosinhos refineries conversion project was €1.4 billion.

Galp Energia and Sinopec conclude the capital increase in the Petrogal Brasil subsidiary and other related companies. Under the terms of the agreement, Sinopec subscribed to Petrogal Brasil's total capital increase of $4.8 billion and took out a loan of c.$0.4 billion, with the total Galp Energia financial allocation at $5.2 billion.

Discovery of a large natural gas deposit in the Mamba South 1 prospect after the first exploration well is drilled in Area 4.

The consortium formed by Galp Energia, Petrobras and BG Group, submits the Declaration of Commerciality for the oil accumulations at Lula and Iracema.

At that date, the estimated total recoverable volumes of these fields were 8.3 bn boe.

The block 14 consortium, operated by Chevron, begins production at the Tômbua-Lândana field, located about 80 km offshore and over 300 m deep.

The conversion projects at the Sines and Porto refineries are started.

Acquisition of the Iberian subsidiaries of Agip and ExxonMobil

It is confirmed that the recoverable volumes of the Tupi discovery in the BM-S-11 block in the Santos Basin in Brazil could be between 5 and 8 bn boe of oil and natural gas, constituting one of the largest discoveries in the last 30 years up to that time.

Galp Energia has a 10% stake in the consortium that operates this block, which also includes the operator Petrobras, with 65%, and Shell, with 25%.

Start of the Exploration & Production business in Mozambique and East Timor, with a 10% stake in 1 and 5 blocks, respectively.

Galp Energia obtains a natural gas trading license in Spain.

Sale of regulated activities to REN

Completion of the process to separate the regulated activities in the natural gas sector, including the transportation and storage of natural gas and the regasification and storage of liquefied natural gas, through their sale to REN - Redes Energéticas Nacionais, SA

Amorim Group’s stake in the share capital of Galp Energia increases to 33.34%.

Galp Energia is quoted on the stock market

Galp Energia is listed on the stock exchange with a capital dispersion of 23%, sold by the Portuguese State.

Amorim Group acquires a stake of the share capital of Galp Energia through acquisition of 14.268% of EDP.

Approval of the third phase of the privatisation process of Galp Energia, after which REN acquired 18.3% of Galp Energia's share capital, 13.5% from Caixa Geral de Depósitos SA and the remaining 4.8% from the Portuguese State.

Completion of investments in the liquefied natural gas terminal at Sines and its connection to the national grid through the Sines-Setúbal gas pipeline.

City gas replaced with natural gas in Lisbon, and the construction of a propane gas storage cavern in Sines.

Beginning of the second phase of the Galp Energia privatisation process, after which Eni SpA and Iberdrola, SA signed share purchase contracts with the Portuguese State, acquiring 11% and 4%, respectively, of the share capital of Galp Energia. At the same time, Petrocontrol sold its entire stake in Galp Energia, with Eni SpA acquiring 22.34% and EDP - Energias de Portugal, SA 11.0%

Preparation of the land to construct the liquefied natural gas terminal in Sines.

Galp Energia, wholly owned by the Portuguese State, is incorporated to aggregate the business of Petrogal and GDP, and is the vehicle for restructuring the oil and natural gas sectors in Portugal.

GDP assumes strategic leadership of the sector and invigorates the Natural Gas Project.

First purchase of natural gas by Transgás.

The holding company GDP - Gás de Portugal, SGPS, SA is established, bringing together interests in all the natural gas distribution and transportation concessionaires.

Start of the construction work of natural gas in Portugal. Transgás starts to construct the main network, high-pressure gas pipeline between Setúbal and Braga - 350 km.

Formation of Transgás - Sociedade Portuguesa de Fornecimento de Gás Natural, SA, currently designated as Galp Gás Natural, SA

Signing of the concession contract for the importation, transportation, storage and supply of natural gas, between the Portuguese State and Transgás.

Against the background of a redefinition of national energy policy, GDP - Gás de Portugal, SA is established with the mission to supply natural gas to the country. The natural gas project is initiated in 1994 with construction of the main high pressure gas pipeline between Setúbal and Braga, extending 350 km.

Start of the Exploration & Production business in Angola, with a stake in block 1/82.

The Sines refinery begins operations

Launch of the 'G’ logo

The 'G' symbol is launched following creation of the Galp brand in 1976.

The 'G' symbol is launched following creation of the Galp brand in 1976.

Petrogal creates the research and production management unit to participate in the onshore area concessions in Portugal and the surveying opportunities in the oil exploration in Angola.

Petrogal is formed following the merger of the four nationalised companies (SACOR, CIDLA, SONAP and PETROSUL).

Petrogal begins studies to define its brand and logo. The trade name Galp is chosen.

SACOR, CIDLA, SONAP and PETROSUL are nationalised.

Petrosul, the Portuguese Society of Oil Refining, is formed.

The Sines Industrial Complex Project is initiated, consisting of a refinery and an olefin petrochemical plant.

The Matosinhos refinery, owned by SACOR, begins operations.

The city gas plant starts production in Cabo Ruivo.

The company Sacor Marítima is formed, to transport oil products between Portuguese ports by sea.

The Portuguese Petrochemicals Society (Sociedade Portuguesa de Petroquímica - SARL) is established to produce city gas, ammonia and hydrogen.

The Matinha gas plant is officially inaugurated.

The first Portuguese refinery, with the capacity to supply 50% of the market by producing around 300 kton/year, is inaugurated by SACOR in Cabo Ruivo.

CIDLA is established to distribute butane and propane gas imported into Portugal.

SACOR is established, a oil refining concessionaire in Portugal, and the decision taken to construct a refinery.

SONAP is formed, a French and Portuguese mixed capital company, with its main objective to develop commercial and distribution activities for oil products in the national market and some former colonies, particularly Angola and Mozambique.

The oil terminal is inaugurated in the port of Leixões.

The Lisbon public lighting concession is awarded to Companhia Lisbonense de Iluminação a Gás, and the gas lighting system is started.