Galp Energia : ENI-Galp Statements on APA waiving need for aditional environmental impact studies for Alentejo offshore test well
May 18, 2018 at 07:29 am EDT
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The consortium Eni-Galp records the decision that confirms the results of the extensive environmental and risk assessments studies performed, and of the risk mitigation measures that have been identified. The consortium will start the work on the conditions prescribed by APA and on the planning activities necessary to drill the well safely. The well will be drilled utilizing state-of-the-art technology and operational practices to ensure maximum safety conditions. The well target is to confirm whether hydrocarbons may be present in this sector of the Portuguese offshore.
The well is located at a distance of 46 km from the nearest point of the Portuguese coast, at a location not visible from the coastline and at a water depth of roughly 1000 m.
Eni and Galp have thoroughly complied with every requirement established by the applicable legislation, as well as with the requests raised by the various public institutions involved in the process.
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Galp Energia SGPS SA published this content on 18 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 18 May 2018 11:28:01 UTC
Galp Energia, SGPS, S.A. is a leading European oil and gas group. The group also produces electrical power. Net sales break down by activity as follows:
- distribution of oil, natural gas and electricity (45.9%): 19 TWh of natural gas sold in 2022;
- refining and distribution (37.6%): 6.5 million tons of oil products sold. At the end of 2022, the group operated 1,475 service stations in Portugal, Spain and Africa;
- exploration and production of crude oil (15.1%). At the end of 2022, the group's portfolio consisted 28 blocks in Brazil, 11 blocks in Angola, 3 blocks in Sao Tome and Principe, 2 blocks in Namibia, 2 blocks in Mozambique, and 1 block in East Timor;
- other (1.4%).
Net sales are distributed geographically as follows: Europe (82.4%), Latin America (14.8%) and Africa (2.8%).