Galp Energia enters into a farm-in agreement in NamibiaFarm-in Agreement • November 26th, 2012
Contract Type FiledNovember 26th, 2012Galp Energia announces the signature of a farm-in agreement with the Brazilian company HRT Participações em Petróleo S.A., (HRT), for the acquisition of a 14% stake in three offshore Petroleum Exploration Licences (PEL) in Namibia, namely PEL 23 in the Walvis basin, and PEL 24 and PEL 28 in the Orange basin. After this agreement, HRT will retain the operatorship of these PEL.