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Friday 27 January, 2012

Galp Energia. SGPS, S.A.

Galp Energia. SGPS, S.A. : 4th Quarter 2011 tra...

Galp Energia. SGPS, S.A. : 4th Quarter 2011 trading update

4th Quarter 2011 trading update

Galp Energia releases today the trading update for the 4th quarter of 2011, with the following highlights:

  • Average net entitlement production of 13.0 kboepd, an increase of 6% QoQ;
  • Crude processed of 20,973 kbbl, up 1% QoQ;
  • Benchmark refining margin of -$0.6/bbl, a decrease of $0.20/bbl QoQ;
  • Oil products sales to direct clients of 2.6 million tons, down 5% YoY;
  • Natural gas volumes sold of 1.41 bcm, an increase of 6% YoY.

Please find attached the full version of the press release.

The 4th quarter 2011 results will be disclosed on February 10 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) 207 190 1595 or
  +44 (0) 800 358 5263 (UK toll free)

Portugal: 800 780 153

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]

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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