"In the next two years, we are going to have as many units operating as in the last five years", he said at a meeting with reporters in Lisbon to present the accounts for the first none months of the year, adding that some of these platforms are being built in Brazil, South Korea and Thailand.

Apart from the new FPSO platforms- used to extract oil from the sea bed -, Galp is also boosting its installed capacity to reach 100,000 barrels a day in 2017, underlining the “sound execution of development projects” in Brazil and Angola.

As far as Angola and Mozambique are concerned, the chairman said the operations were “progressing cautiously”.