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Friday 14 October, 2011

Galp Energia. SGPS, S.A.

Galp Energia. SGPS, S.A. : 3rd Quarter 2011 tra...

3rd Quarter 2011 trading update

Galp Energia releases today the trading update for the 3(rd) quarter of 2011,
with the following highlights:

  * Average net entitlement production of 12.2 kbbl/d, an increase of 28% YoY;
  * Crude processed of 20,745 kbbl, down 10% from the same period last year;
  * Benchmark refining margin of -$0.4/bbl, an increase of $0.81/bbl QoQ;
  * Oil products sales to direct clients of 2.8 million tons, up 1% YoY;
  * Natural gas volumes sold of 1.16 bcm, a decrease of 11% YoY.

Please find attached the full version of the press release.

The 3(rd) quarter 2011 results will be disclosed on October 28 before the open
of NYSE Euronext Lisbon. The results conference call will take place in the same
day at 14:00 UK time (15:00 CET).

The conference call details are as follows:

UK:         +44 (0) 207 750 99 08
Portugal:  +351 707 785 757

Kind regards,

Galp Energia
Investor Relations Division

Rua Tomás da Fonseca, Torre A
1600-209 Lisbon, Portugal
Tel: +351 217 240 866
Fax: +351 217 242 965
Email:[email protected]

Trading update 3Q11:

This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
Source: Galp Energia. SGPS, S.A. via Thomson Reuters ONE


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