Galp Energia SGPS SA Q4 2023 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Joshua Eliot Dweck Stone - UBS Investment Bank, Research Division - Analyst : Two questions, please. Firstly, on the midstream guidance you gave EBITDA of EUR 300 million. Could you maybe just talk about how much visibility you have on the number? How much of that is locked in already? How exposed are you to any deterioration in absolute prices of spreads from here? And maybe what are you baking in for sourcing restrictions or potential sourcing restrictions during the year? And then second question on renewables and the pipeline there. You talked about 200 megawatts starting up this year, can you just give us an insight on how that pipeline is moving in the years that follow. You've given some helpful sort of slides on renewable generation under management. How much of that is your own generation and how much is third parties? Just any insight on that would be great.

Question: Katherine O'Sullivan - Citigroup Inc., Research Division - Analyst : A follow-up on Namibia, please. Was the deeper target at Mopane-1X AVO-2, was that part of the original scope? And is it likely that you would need an extension to your original 115-day campaign? And also following up to the comments you just made around potential to drill more wells. How would an extension to your rig in 2024, how would that work? And it's availability, et cetera? And could you confirm what costs do you have in your investment program for Namibia this year?