Galp has closed an agreement to expand in Namibia, following a model that involves risk diversification and investment sharing with partners. However, this model implies that the Portuguese oil company assumes less control over operations than it would in a more traditional structure.
This Namibian agreement presents similar traits to the deal Galp maintains with Moeve, suggesting a consistent strategy from the Portuguese company in how it approaches new markets and international projects.
The approach allows Galp to spread financial and operational risks, but at the same time limits its decision-making capacity and influence over the assets acquired or developed in these partnerships.
