Oil production by the Portuguese company grew by 21% and reached 124 barrels per day, 111 of which produced in Brazil

In a press release, the Portuguese company Galp reported a 21% growth in its oil production, reaching a total of 124 barrels per day. See the list of 13 companies interested in the 6th round of the Pre-salt auction.
The survey takes into account the third quarter of this year and is compared to the last quarter and had Brazil as the company's protagonist.

Production growth in Brazil was 17% compared to the previous quarter, with 111 thousand barrels produced and corresponded to 88% of the oil production of the galp.

According to the company, Angola also had a considerable increase of 72% and was responsible for the rest of production (12%), with 12,7 barrels per day.

The statement, however, also highlighted the drop in sales of refined products (13%), with sales to direct customers falling 2%.
The company explains that it processed 26% less materials in the third quarter, due to the planned maintenance stoppage at the Sines refinery, in Portugal. The company's natural gas sales also faced an 11% decline, with sales falling by 6% to direct customers.

Company

Galp is a group of Portuguese companies in the energy sector. It owns Petrogal and Gás de Portugal, and is today an integrated group of petroleum products and natural gas, with activities ranging from exploration and production of oil and natural gas, to refining and distribution of petroleum products, to the distribution and sale natural gas and electricity generation.

The company is present in 11 countries and directly employs 6360 people.

With a presence in Brazil since 1999, Galp is present in several projects in the oil development and production phases.
Offshore projects include interests in three ultra-deep water areas of the Santos Basin (BM-S-11, Grande Carcará and BM-S-24) in particular in the Lula and Iracema projects. The onshore projects are smaller, with Galp being the operator in some of these projects.

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