Galp has successfully drilled, cored and logged the Mopane-3X well offshore Namibia and confirmed the presence of light oil and gas condensate in significant quantities, the company announced on Tuesday.
Galp said that its investments during the fourth quarter reached EUR 500 million ($522.3 million), mainly channeled toward the execution of upstream projects, such as the Namibia appraisal campaign and Bacalhau. The company also said it continued pursuing industrial low-carbon projects.
Portuguese energy firm Galp has signed an agreement with Abu Dhabi National Oil Company (ADNOC) for the sale of 10% stake in Area 4, offshore Mozambique.
Galp is going to need a rebranding. How about Gulp?