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Galp's Upstream portfolio is characterised by a broad and high-quality base of reserves and resources. In 2023, 1P and 2P reserves decreased 7% to 342 mboe and 621 mboe, respectively. 2C resources remained stable compared to the previous year, at 1,653 mboe.
Several factors make Galp's Upstream portfolio competitive and unique in the sector, namely:
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