Galp Energia

Regulatory Filings • Feb 1, 2019

Start of production of the FPSO #9 (P-67), in Lula/Iracema

Galp, partner of the BM-S-11 consortium, informs that FPSO P-67 started production in the Lula North area, in the pre-salt of the Santos basin.

FPSO P-67 is the ninth production unit and the third replicant to start operations in the Lula/Iracema projects. It was specifically designed to operate in the Santos basin pre-salt projects, with a capacity to daily process up to 150 thousand barrels of oil and 6 million cubic metres of natural gas. The FPSO is expected to be connected to nine producer and six injector wells.

With the start of P-67, the BM-S-11 consortium has successfully completed the initial large infrastructure development investments in Lula/Iracema. Since the beginning of the decade, a total of nine units with a combined capacity to daily process up to 1.3 million barrels of oil and 56 million cubic metres of natural gas have been installed, representing the successful execution of a global benchmark project.

Galp, through its subsidiary Petrogal Brasil, owns a 10% stake in the consortium that develops block BM-S-11. Petrobras is the operator of the Lula/Iracema projects, holding a 65% stake, with Shell Brasil Petróleo Ltda. holding the remaining 25%.

Galp Energia, SGPS, S.A. Investor Relations:

Pedro Dias, Head Otelo Ruivo, IRO Cátia Lopes João G. Pereira João P. Pereira Teresa Rodrigues Contacts: Tel: +351 21 724 08 66 Fax: +351 21 724 29 65

Address: Rua Tomás da Fonseca, Torre A, 1600-209 Lisbon, Portugal Website: www.galp.com Email:investor.relations@galp.com

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This announcement may include forward-looking statements. Forward-looking statements are statements other than in respect of historical facts and accordingly actual events or results may differ materially from those expressed or implied by such forward-looking statements. Important factors that may cause actual results to differ from forward-looking statements are referred in the Annual Accounts Report of Galp for the year ended 31 December 2017. Galp does not intend to, and expressly disclaims any duty, undertaking or obligation to, make or disseminate any supplement, amendment, update or revision to any of the information, opinions or forward-looking statements contained in this announcement to reflect any change in events, conditions or circumstances.