Galp Energia, SGPS, S.A. (Galp) signed a Memorandum of Understanding (MoU) with Petróleo Brasileiro S.A. – Petrobras (Petrobras), aiming to extend the cooperation between the two companies, reinforcing their strategic alliance.

Following this MoU, Galp and Petrobras intend to further explore areas of cooperation, namely in potential oil and gas exploration, as well as production and infrastructure development, in areas of common interest in Brazil and abroad. This MoU also includes a joint training and research programme, focused on deepwater carbonate reservoirs.

Galp and Petrobras have built a solid relationship over more than 15 years. The two companies are partners in several upstream projects in Brazil, having worked closely in some of the most important discoveries in the last decade, namely in the Lula/Iracema field, a world-class project and the biggest development in the pre-salt of the prolific Santos basin.

About Galp Energia

Galp Energia is an energy company – finding and extracting oil and natural gas from sites across four continents to deliver energy to millions of customers every day. We drive the world a little further.
We are Portugal’s oil and natural gas integrated operator. Our activities span from exploration and production of oil and natural gas to refining and marketing oil products, natural gas marketing and sales and power generation.

About PETRONAS

PETRONAS was incorporated on 17 August 1974 as the national oil company of Malaysia, vested with the entire ownership and control of the petroleum resources in the country. It has since grown from merely being the manager and regulator of Malaysia’s upstream sector into a fully integrated oil and gas corporation, ranked among the FORTUNE Global 500® largest corporations in the world.