Galp Energia, Sgps S.a. Class B · EURONEXT:GALP
Galp Energia, Sgps S.a. Class B — Galp — Corporate Update (December 2025)
8 slides from Galp Energia, Sgps S.a. Class B's corporate update, December 2025
Slide 1: Namibia Partnership
Slide 2: Firming a strong partnership in Namibia with TotalEnergies
Firming a strong partnership in Namibia with TotalEnergies and expanding footprint in the prolific Orange basin galp y PEL 83 Galp stake 40% Mopane Launching Exploration & Appraisal campaign of at least 3 wells over the next 2 years Aiming to further de-risking the block and unlock a potential devel
Slide 3: A successful partnership across all main priorities
A successful partnership across all main priorities enabling to significantly de-risking large exposure to PEL 83 © Partner with a credible <> Asset swap operator with high deepwater experience & strong Galp: c.9.4% interest in PEL 91 and 10% interest regional presence in PEL 56 (Venus discovery) To
Slide 4: A growing cash engine
A growing cash engine in operation... WI production (kboepd) +40 ~» i 2024 2025 Bacalhau at plateau «20 $/bbl o1 (0) kgCO,e/boe Cash breakeven Carbon intensity operating assets by YE24 Expanding an already highly competitive Upstream portfolio focused on high-potential prolific regions .. with high-
Slide 5: Appendix
Slide 6: Upstream portfolio
Upstream portfolio Galp stakes Brazil’ BM-S-11 Lula 9.06% BM-S-11 lracema 10% BM-S-11A Berbigao 10%? BM-S-11A Sururu 10%? Atapu 1.7% Bacalhau 20% Sépia 2.4% BM-S-24 Jupiter 20% Virapuru 14% Barreirinhas' 10% Pelotas! P-M-1670 / 1672 / 1741 30% galp under Petrogal Brasil JV, 70% Gallp / Block 4 Block
Slide 7: Disclaimer
Disclaimer This document may include forwarc-looking statements. All statements other than statements of historical facts are, or may be deemed to be, forward-looking statements. Forward-looking statements express future expectations that are based on management's expectations and assumptions as of
Slide 8: galp
galp Investor.relations@galp.com
Galp — Corporate Update (December 2025) on 6ix