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Friday 13 July, 2012

Galp Energia. SGPS, S.A.

Galp Energia. SGPS, S.A. : informs about the tr...

Galp Energia. SGPS, S.A. : informs about the trading update of the second quarter 2012

2nd Quarter 2012 trading update

Galp Energia releases today the trading update for the second quarter of 2012, with the following highlights:

  • Working interest production of 26 kboepd, up 14% QoQ, with increased production from Lula project in Brazil
  • Crude processed of 21,456 kbbl, up 6% QoQ
  • Benchmark refining margin of $2.3/bbl, an increase of c.$3/bbl QoQ
  • Oil products sales to direct clients of 2.5 million tons, down 7% YoY
  • Natural gas volumes sold of 1.5 bcm, an increase of 26% YoY

Please find attached the full version of the press release.

The 2nd quarter 2012 results will be disclosed on July 27 before the open of NYSE Euronext Lisbon. The results conference call will take place on the same day at 14:00 (UK time).

The conference call details are as follows:

UK:        +44 207 190 1595 or
+44 800 358 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]

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(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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