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Galp Aims to Boost Brazilian Oil Production by 40% with New Bacalhau Field
ByAinvest
Thursday, May 29, 2025 8:21 am ET1min read
Galp, a Portuguese energy company, expects to increase oil and gas production in Brazil by around 40% in the coming years, with the new Bacalhau offshore field reaching its peak production. The company produces 110,000 barrels of oil equivalent per day (boepd) in Brazil through a 70-30 joint venture with Sinopec. The Bacalhau field, operated by Equinor, is expected to start producing in Q3, with a daily capacity of 220,000 barrels.
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