ERHC Energy Inc (ERHE)

[Nightdaytrader]

Galp Energia Abandoning New Oil and Gas Prospections in 2022

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It is going to be interesting to see what GALP does, after results from STP EEZ Block 6 are announced.

ND9
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Galp Energia Abandoning New Oil and Gas Prospections in 2022
04/11/2021

“It’s a big step for Galp Energia to say that we’re not going to do any more drilling in undiscovered fields. We’re not going to have any new licenses. Until the end of the year we will still drill two new wells, one in São Tomé and another in Brazil. They will be the last ones in new areas. All the others will be in territory where we already operate,” announced Galp Energia CEO Andy Brown to journalists attending a meeting with CEOs from several companies, such as Vítor Bento from CTT, Pinto Magalhães from Central de Cervejas, and João de Mello from Bondalti.

https://360mozambique.com/oil-gas/oil/galp-energia-abandoning-new-oil-and-gas-prospections-in-2022/