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Galp backs down on Aljezur drilling

galpLogoIn a report in Correio da Manhã, posted early this morning on the news service’s website, Galp Energia is reported to have announced that it no longer is going to drill an exploratory hole in the search for oil and gas off the Costa Vincentian, about 50 kilometers from Aljezur on Portugal’s south west coast.

The drilling licence deadline expires at the end of May and an ‘official source’ at the oil company assured the national newspaper that no drilling is planned before the end of this month.

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