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Guyane Maritime sustained French E&P investment in 2009

06/14/2010
By Doris Leblond
Exploration investment in France and its possessions fell only slightly in 2009 compared with 2008 due to heavy investment in blocks off French Guiana, South America. With a slump in outlays in the Paris basin, overall investment in the French realm fell to €34.8 million from €42 million in 2008. Officials had feared a decline of 30%. Investment in 2010 is scheduled to total a promising €77 million.Operators plan to spend €39 million in the Paris basin compared with €9.1 million in 2009, €15 million in the Aquitaine basin vs. €5 million, and €23 million in other areas, up from €20.7 million. As many as 10-15 well are on tap pending rig availabi...
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