UPDATE 2-Galp's profit more than doubles, sees boost from Shell-BG

lunes 27 de abril de 2015 12:55 GYT
 

(Adds CEO quotes)

By Shrikesh Laxmidas and Andrei Khalip

LISBON, April 27 (Reuters) - Portugal's Galp Energia said adjusted first-quarter net profit more than doubled from a year earlier, in line with expectations, thanks to a sharp increase in refining margins and rising oil output.

In his first news briefing as chief executive, Carlos Gomes da Silva also said Shell's acquisition of BG Group , which is Galp's partner in some Brazilian projects, was "very positive and giving more real value to the assets".

Galp is also a partner on some projects with Brazilian state oil giant Petrobras.

"Shell is an international colossus and being partners with Shell/BG and Petrobras only adds magnitude and leverage to Galp's position," Gomes da Silva said on Monday, adding Galp had no plans to dispose of assets in Brazil.

Following a corruption scandal at Petrobras, which took a $17 billion write-down in its long-delayed 2014 results last week, Galp does not expect further big changes to projects, he said.

Last month Galp, which is involved in nearly 30 on-shore and off-shore oil and gas projects in Brazil, flagged a one-year delay in the building of production ships which it is developing with Petrobras.

"We do not expect any change from the plan presented in March," Gomes da Silva said.   Continuación...