Galp reported it Q2 15 results 30% above expectations at the bottom line. The beat is driven by all divisions. Refining has been strong as expected, while E&P production growth (close to 100% yoy) supported the increase in E&P. The company revised its estimates for average 2015 working interest production to c.43 kboepd. Galp expects a new offshore oil production platform on the Iracema North field to start pumping crude in the coming days, a quarter ahead of schedule. All in all, thi
27 Jul 2015
Brazil is stronger than refining
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Brazil is stronger than refining
Galp Energia, SGPS S.A. Class B (GZ5:FRA) | 0 0 1.5% | Mkt Cap: 11,340m
- Published:
27 Jul 2015 -
Author:
Alexandre Andlauer - Pages:
Galp reported it Q2 15 results 30% above expectations at the bottom line. The beat is driven by all divisions. Refining has been strong as expected, while E&P production growth (close to 100% yoy) supported the increase in E&P. The company revised its estimates for average 2015 working interest production to c.43 kboepd. Galp expects a new offshore oil production platform on the Iracema North field to start pumping crude in the coming days, a quarter ahead of schedule. All in all, thi