Galp | Press releases

Galp Energia and Morgan Stanley Infrastructure acquired certain of Gas Natural’s Gas distribution assets and gas supply activities in Madrid - Galp Energia and Morgan Stanley Infrastructure today announced that they have entered into a definitive agreement to acquire jointly certain of the gas distribution and supply businesses in the region of Madrid from Gas Natural SDG, S.A.

Joint Venture for the natural gas liquefaction project in the pre-salt signs agreements for front end engineering development - Galp Energia and the other partners of the Joint Venture, that aims to build a Floating Liquefied Natural Gas (FLNG) unit to commercialize the natural gas produced in the pre-salt layers, have signed today the contracts with the successful bidders of the tender for the development of the Front End Engineering and Design (FEED) of the unit.

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.

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.

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.

Galp Energia signs second part of financing agreement for refineries’ conversion projects - Galp Energia and the European Investment Bank (EIB) sign today a €200 million financing agreement, representative of the second and last part of the financing of the conversion project for both Sines and Porto’s refineries, which totalizes €500 million.

Galp Energia signs credit facility of €700 million - Galp Energia, SGPS, S.A. (“Galp Energia” or “Company”) has signed yesterday a €700 million credit facility in the form of Floating Rate Notes with a final maturity of 4 years with attractive terms and conditions.

Start of production tests in Tupi field - The contractor group including Petrobras, BG Group and Galp Energia, for oil and natural gas exploration, development and production in BM-S-11 in ultra deep water of Santos Basin, announces that the FPSO BW Cidade de São Vicente begins operations today, marking the inauguration of the extended well test (“EWT”) in Tupi field.

Galp Energia awarded at the Investor Relations Global Rankings 2009 - Galp Energia ranked first at European level, second in the Oil & Gas industry and third in the world, for the “Best Financial Disclosure Procedures” award at the 11th edition of the Investor Relations Global Rankings 2009, among over 150 companies world wide.

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

Press Releases