Galp Energia CEO believes oil will improve geopolitical position of Portuguese

Monday, March 24, 2014

Publico has an interview with the CEO of Galp Energia, a Portuguese energy firm with about 7000 employees, who believes upcoming production of oil in Brazil and gas in Mozambique are a good sign for the geopolitical importance of the Portuguese language.

Taking a look at the firm's worldwide presence shows a large similarity to the Portuguese Empire. Where the company operates:


and the Portuguese Empire:


Much of the article is about the company itself and its partner Sinopec. Taking that out and condensing some of the more general parts the executive summary is:

The CEO of Galp Energia, Ferreira de Oliveira, believes that Brazilian oil and gas from Mozambique will change the perception the world has of the CPLP (Community of Portuguese Language Countries). Galp expects to produce 300,000 barrels of oil per day in 2020, 80% from Brazil. In the past year the company invested $600 million in oil exploration there. Most of the production is to take place in the Lula and Iara fields, and production will begin in 2017.

Q: Will Brazil continue to be the main priority for Galp Energia, or will it move to Angola, or more likely, to Mozambique?

A: "In the Lusophone countries, especially in Angola, Mozambique and Brazil, from 2006 to today, we have seen 26% of all new discoveries of oil and gas. If we count only deepwater discoveries, they make up 52%. The rate of growth here will be explosive. I have no doubt that this decade in which we are living will position the CPLP geopolitically in the world. Mozambique is now developing the largest gas project in the world, and Brazil the largest oil project in the world. Being in these two projects is an enormous privilege and a huge responsibility.

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