02/21/2018 11h49

Galp plans to invest €1bn in pre-salt until 2020

Valor Econômico

Portugal’s Galp, already among the top four petroleum producers in Brazil, plans to invest €1 billion in the country’s pre salt layer until 2020. Global chief Carlos Gomes da Silva said Brazil would continue being a crucial part of the company’s growth strategy, which includes studying opportunities in this year’s auctions of exploration blocks. Brazil currently generates over 90% of Galps output.