Busy E&P year planned in France, its possessions

Continuing high oil prices have improved the attractiveness of France's E&P scene.Operators are showing great willingness to drill this year, noted Carole Mercier, head of Hydrocarbon Exploration-Production at the Industry Ministry. "The trend was already noticeable in 2003 when investments picked up after the historical investment low of 37 million Euros in 2002.E&P investments grew to 50 million Euros in 2003 and should jump to 71 million Euros in 2004. Besides continental France, activity is planned in French overseas territories.Paris basinInterest remains surprisingly constant in the Paris Basin despite its mature status.Six wells to be sunk to 2,500-3,000 m and six shallower wel...

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