Exploration sector bounces back in France, possessions

02/05/2001
High oil prices last year pulled France's E&D scene out of its doldrums. Exploration investments that had not ceased decreasing since 1995 grew 55% to 85 million francs while development expenditure rose 59% to 457 million francs. A number of operations planned for early 2000 were postponed because of a tornado that hit France at the end of 1999. Field work only really took place from second quarter. A dearth of drilling equipment in France also held up work. But in the end 19 holes were drilled compared with four in 1999.The Aquitaine basin accounted for 67% of the production investment, and the Paris basin and other areas for the balance. The main companies involved in extension/de...
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