March 15, 2016 / 10:11 AM / 2 years ago

Galp project breakeven price below $30 a barrel: CEO

LONDON (Reuters) - Portuguese oil company Galp Energia has a project breakeven price below $30 a barrel, making it one of the lowest cost producers in the industry, its chief executive said on Tuesday.

“Our projects breakeven price is below $30 a barrel and we have room to improve,” said Carlos Nuno Gomes da Silva at Galp’s capital markets day in London.

Brent crude oil prices are currently trading at around $39 a barrel.

Reporting by Karolin Schaps; Editing by Mark Potter

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below