High oil prices boost interest in French E&P business

04/04/2005
Higher world oil prices and modest costs of acquiring acreage have boosted the interest of small and midsize oil companies in Frances's mature exploration and production business.The country's oil production last year fell 6.5% to a total of 1.14 million tonnes—about 22,800 b/d.In recent years, companies with experience with mature fields as well as low overhead costs have taken over from the larger E&P firms. Case in point: Esso Rep, which sold its oldest oil field, Parentis, in 1997 to Vermilion Rep.Also, high oil prices did not deter Esso Rep late last year from putting up for sale its entire Esso Rep affiliate, which owns all of its fields in France. The bid has elicited...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected