Announcements

Formation tests prove Iara’s potential - The tests proved the exploratory potential of this area through the production of light oil (around 28º API) and confirmed the estimated volumes of recoverable light oil and natural gas in the range of 3 to 4 billion barrels.
Natural gas liquefaction project in the pre-salt - Galp Energia has formalized the entrance into a joint venture, formed by Petrobras, BG Group and Repsol, to develop the Front End Engineering and Design (FEED) of a Floating Liquefied Natural Gas (FLNG) unit.
Galp Energia announces appointment of new member of the board of directors - In accordance with the terms of article 3, paragraph a) of Regulation no. 5/2008 of the Securities Market Regulator, Galp Energia, SGPS, S.A. (“Galp Energia”) hereby discloses the following information:
Test in Tupi’s area proves high productivity - The contractor group for BM-S-11 in ultra deep water of Santos Basin, including Galp Energia, Petrobras e BG Group, informs that the two drill stem tests conducted in the well, informally known as Iracema, located in Tupi’s Evaluation Plan area, were concluded and proved a high productivity in the pre-salt carbonate reservoirs.
Drilling of fourth well confirms Tupi’s potential - The contractor group for BM-S-11 in ultra deep water of Santos Basin, including Petrobras, BG Group and Galp Energia, informs that it concluded the drilling in the fourth well informally known as Tupi NE, located in Tupi’s Evaluation Plan area.
Dividends payment - Under the terms of the law, shareholders are hereby notified that as deliberated today by Galp Energia, SGPS, S.A. board of directors, the first dividend relating to the financial year of 2009 will be payable as from October 22 2009.
First oil production starts at Tômbua-Lândana field in Angola - The contractor group of Block 14 in Angola, comprised by Chevron, Sonangol, Eni, Total and Galp Energia, announced today the beginning of production at the Tômbua-Lândana field.
Extended Well Test Resumed at Tupi - The Extended Well Test (EWT) on Tupi area was resumed on September 5. This area is part of block BM-S-11 located on the pre salt of Santos Basin.
Board of Directors approves Second Quarter and First Half 2009 Report - The Board of Directors of Galp Energia approved the Second Quarter and First Half 2009 Report, subject to limited review by the independent auditors, Deloitte & Associados, SROC, S.A..
Galp Energia agrees to sell some operations recently acquired to ExxonMobil - Galp Energia agreed today with Gestmin, SGPS, S.A. (“Gestmin”) the sale of a number of petroleum products distribution operations in Portugal recently acquired from ExxonMobil Group.
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