Galp To Start Drilling Exploration Well Offshore Portugal

Portuguese oil company Galp Energia is set to start drilling the country’s first deep water offshore exploration well but with only modest hopes of success, its exploration and production director said on July 2.

The project, being developed by a consortium of Galp and Italy’s ENI off the Alentejo region’s Vicentine coast, known for its beaches and large natural park, has led to protests by environmental activists and local municipalities.