CORPORATE STRATEGY

Galp’s Namibia Discovery Imperils Green Credentials

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  • Galp’s Mopane oil discovery in Namibia’s Orange Basin, which has caught the eye of some of the industry's biggest names, will have a transformative effect on the Portuguese company.
  • It now faces a tricky balancing act between pursuing projects that will generate stellar returns for shareholders while not alienating more green-minded investors and Portuguese citizens.
  • Galp could become an acquisition target, given its robust runway of new oil production beyond 2030, although some of its transition businesses are facing challenges.

The Issue

Topics:
Corporate Strategy, Offshore Oil and Gas, Upstream Projects, Deepwater, Conventional Oil and Gas, Renewable Electricity , Biofuels (incl. SAF), Regional Integrateds, Low-Carbon Policy, Equity and Debt Markets
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