Overview:

Summary

This profile is the essential source for top-level energy industry data and information. The report provides an overview of each of the key sub-segments of the energy industry in France. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for each of the key sub-segments. It also provides information relating to the crude oil assets (oil fields, refineries, pipelines and storage terminals) in France. The report also analyses the fiscal regime relevant to the crude oil assets in France and compares the investment environment in France with other countries in the region. The profiles of the major companies operating in the crude oil sector in France together with the latest news and deals are also included in the report.

Scope

• Historic and forecast data relating to production, consumption, imports, exports and reserves are provided for each industry sub-segment for the period 1996-2020.

• Historical and forecast data and information for all the major oil fields, refineries, pipelines and storage terminals in France for the period 2000-2013.

• Operator and equity details for major crude oil assets in France.

• Key information relating to market regulations, key energy assets and the key companies operating in the France’s energy industry.

• Detailed information on key fiscal terms (such as rents, bonuses, royalty, cost recovery, profit oil, petroleum and corporate taxes) pertaining the geography is also provided. A sample calculation detailing how fiscal terms apply to a typical asset in the regime is included.

• Information on the top companies in the France including business description, strategic analysis, and financial information. Key companies covered include TOTAL S.A, Exxon Mobil Corporation,

• Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.

• Key mergers and acquisitions, partnerships, private equity and venture capital investments, and IPOs.

Reasons to buy

• Gain a strong understanding France’s oil market.

• Facilitate market analysis and forecasting of future industry trends.

• Evaluate the attractiveness of this geography for oil investment in the light of government policies and the fiscal environment.

• Facilitate decision making on the basis of strong historic and forecast production, reserves and capacity data.

• Understand the policies and fiscal terms, and their impact on contractor’s profits from upstream oil assets.

• Assess your competitor’s major crude oil assets and their performance.

• Analyze the latest news and financial deals in the oil sector in France.

• Develop strategies based on the latest operational, financial, and regulatory events.

• Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.

• Identify and analyze the strengths and weaknesses of the leading companies the French oil market.

Companies Mentioned
 

Gaz de France
TOTAL S.A.
Exxon Mobil Corporation

1 Table of Contents

1.1 List of Tables

1.2 List of Figures

2 France Energy Sector

2.1 France Energy Sector, Market Overview

2.2 France Energy Sector, Crude Oil

2.2.1 France Crude Oil, Overview

2.2.2 France Crude Oil, Supply and Demand Balance

2.2.3 France Crude Oil, Regulatory Structure

3 France, Fiscal Regime

3.1 France Petroleum Fiscal Environment

3.1.1 Governing Law

3.1.2 Licensing Authority

3.1.3 National Oil Company

3.1.4 Contract Type

3.1.5 State Participation

3.2 License Terms

3.2.1 Exploration

3.2.2 Production

3.3 Key Fiscal Terms

3.3.1 Royalty

3.3.2 Bonuses

3.3.3 Rentals

3.3.4 Fees

3.3.5 Taxation

3.3.6 Deductions and Depreciation

3.3.7 Withholding Tax

3.4 France - Fiscal System - Economic Modeling Methodology

3.4.1 Sample Economic Modeling Methodology

3.5 France - Onshore, Fiscal System - Sample Economics

3.6 France - Onshore, Fiscal System - Sample Asset Valuation

4 France Oil Upstream Investment Environment Benchmarking

4.1 Introduction

4.2 The Overall Ranking

4.3 Upstream Fiscal Attractiveness

4.3.1 Maximum Government Take Index

4.3.2 Maximum State Participation

4.4 Oil Sector Performance

4.4.1 Exploration Activity

4.4.2 Oil Production

4.4.3 Oil Reserves

4.4.4 Oil Consumption

4.4.5 Refining Capacity

4.5 Economic Performance

4.5.1 GDP Growth Index

4.5.2 FDI Confidence Index

4.5.3 Balance of Trade Index

4.6 Socio-Political Performance

5 France Exploration and Production Sector

5.1 France Exploration and Production Sector, Country Snapshot

5.1.1 France Exploration and Production Sector, Key Data

5.1.2 France Exploration and Production Sector, Crude Oil Assets Map

5.2 France Exploration and Production Sector, Gross Crude Oil Production

5.2.1 France Exploration and Production Sector, Gross Crude Oil-Historical Production

5.2.2 France Exploration and Production Sector, Gross Crude Oil-Historical Production by Type

5.2.3 France Exploration and Production Sector, Gross Crude Oil Production by Assets

5.2.4 France Exploration and Production Sector, Gross Equity Weighted Crude Oil Production by Company

5.2.5 France Exploration and Production Sector, Market Share based on Gross Equity Weighted Crude Oil Production

5.3 France Exploration and Production Sector, Gross Crude Oil Forecasts

5.3.1 France Exploration and Production Sector, Gross Crude Oil Forecasted Production

5.3.2 France Exploration and Production Sector, Gross Revenue Forecast

5.3.3 France Exploration and Production Sector, Government Take Forecast

5.3.4 France Exploration and Production Sector, Contractor Take Forecast

5.4 France Exploration And Production Sector, Crude Oil Asset Details

5.4.1 France Exploration And Production Sector, Active Crude Oil Asset Details

5.5 France, Major Crude Oil Discoveries, 2004-2009

5.5.1 France, Crude Oil Discoveries by Year, 2004-2009

5.5.2 France Crude Oil Discovery Details, 2004-2009

5.6 France Exploration and Production Sector, Drilling and Production Updates

5.6.1 Jan 19, 2010: Toreador Resources Updates On La Garenne Conventional Exploration Well

5.6.2 Nov 16, 2009: Toreador Spuds La Garenne Well In Paris Basin, France

5.6.3 Jun 18, 2009: Total To Raise Its Oil Production Before 2009 Year-End

6 France Pipeline Sector

6.1 France Pipeline Sector, Key Data

6.2 France Pipeline Sector, An Overview

6.3 France Pipeline Sector, Comparision of Key Crude Oil Pipeline Companies

6.4 France Pipeline Sector, Comparision of Key Petroleum Product Pipeline Companies

6.5 France Pipeline Sector, Crude Oil Pipelines

6.6 France Pipeline Sector, Petroleum Product Pipelines

7 France Refining Sector

7.1 France Refining Sector, Key Data

7.2 France Refining Sector, An Overview

7.2.1 France Refining Sector, Total Refining Capacity

7.3 France Refining Sector, Market Shares by Company

7.4 France Refining Sector, Crude Distillation Unit Capacity

7.5 France Refining Sector, Fluid Catalytic Cracking Capacity

7.6 France Refining Sector, Hydrocracking Capacity

7.7 France Refining Sector, Maintenance Schedules, 2005-2010

8 France Oil and Chemicals Storage Sector

8.1 France Oil and Chemicals Storage Sector, Key Data

8.2 France Oil and Chemicals Storage Sector, An Overview

8.2.1 France Oil and Chemicals Storage Sector, Total Storage Capacity

8.2.2 France Oil and Chemicals Storage Sector, Storage Capacity by Area

8.3 France Oil and Chemicals Storage Sector, Capacity-Wise Market Share By Company

8.4 France Oil and Chemicals Storage Sector, Storage Capacity

8.5 France Oil and Chemicals Storage Industry, User, Commodity and Tank Details, 2009

9 Profile of Gaz de France

9.1 Gaz de France, Key Information

9.2 Gaz de France, Company Overview

9.3 Gaz de France Business Description

9.3.1 Business Overview

9.4 Gaz de France, SWOT Analysis

9.4.1 Overview

9.4.2 Gaz de France Strengths

9.4.3 Gaz de France Weaknesses

9.4.4 Gaz de France Opportunities

9.4.5 Gaz de France Threats

10 Profile of TOTAL S.A.

10.1 TOTAL S.A., Key Information

10.2 TOTAL S.A., Company Overview

10.3 TOTAL S.A., Business Description

10.3.1 Business Overview

10.3.2 Chemicals

10.3.3 Downstream

10.3.4 Upstream

10.4 TOTAL S.A., SWOT Analysis

10.4.1 Overview

10.4.2 TOTAL S.A. Strengths

10.4.3 TOTAL S.A. Weaknesses

10.4.4 TOTAL S.A. Opportunities

10.4.5 TOTAL S.A. Threats

11 Profile of Exxon Mobil Corporation

11.1 Exxon Mobil Corporation, Key Information

11.2 Exxon Mobil Corporation, Company Overview

11.3 Exxon Mobil Corporation, Business Description

11.3.1 Business Overview

11.3.2 Chemical

11.3.3 Downstream

11.3.4 Upstream

11.4 Exxon Mobil Corporation, SWOT Analysis

11.4.1 Overview

11.4.2 Exxon Mobil Corporation Strengths

11.4.3 Exxon Mobil Corporation Weaknesses

11.4.4 Exxon Mobil Corporation Opportunities

11.4.5 Exxon Mobil Corporation Threats

12 Financial Deals Landscape

12.1 Detailed Deal Summary

12.1.1 Acquisition

12.1.2 Private Equity

12.1.3 Equity Offerings

12.1.4 Debt Offerings

12.1.5 Partnerships

12.1.6 Asset Transactions

13 Recent Developments

13.1 License Awards

13.1.1 Oct 29, 2009: European Gas Wins Valenciennois Exploration Permit In Northern France

13.1.2 Jun 17, 2009: Egdon Resources Wins New Exploration Permit In France

13.2 Strategy and Business Expansion

13.2.1 Mar 08, 2010: Total Announces Plan To Repurpose Its Dunkirk Refinery Site In France

13.2.2 Jun 04, 2009: Toreador Resources Announces New Corporate Strategy

13.3 Other Significant Developments

13.3.1 Mar 11, 2010: European Gas Updates On Folschviller 2 Appraisal Well, Lorraine Project, France

13.3.2 Feb 16, 2010: Sterling Resources Provides Operations Update

13.3.3 Feb 01, 2010: Total To Create Technical Support Center And Refining Training Center At Flandres Refinery In Dunkirk, France

13.3.4 Jan 19, 2010: Gas2Grid Completes Airborne Gravity Gradiometry Survey At Saint Griede, France

13.3.5 Jan 18, 2010: Gassco Transports 99.8 Billion Scm Of Norwegian Gas To European Terminals In 2009

13.3.6 Dec 21, 2009: EnCore Oil Provides 2009 Activity Update

13.3.7 Dec 08, 2009: Toreador Resources Updates On LGA-1D Well At Rigny le Ferron Permit In Paris Basin, France

13.3.8 Nov 26, 2009: Russia To Sign MoU With France For Entry Of EDF Into South Stream Gas Pipeline Project

13.3.9 Nov 23, 2009: European Gas Updates On Folschviller 2 Well At Lorraine Project In Eastern France

13.3.10 Nov 19, 2009: Maurel & Prom Provides Operations Update

13.3.11 Nov 10, 2009: European Gas Resumes Testing Operations At Folschviller 2 Well In Lorraine, France

13.3.12 Nov 10, 2009: Non-OPEC Oil Production To Peak In 2010; IEA Says

13.3.13 Oct 29, 2009: Gas2Grid Provides Operations Update

13.3.14 Oct 13, 2009: OMV, RWE Welcome France’s Interest In Joining Nabucco Pipeline Project

13.3.15 Sep 09, 2009: Total To Shut Its Dunkirk Refinery For Maintenance

13.3.16 Aug 19, 2009: European Gas Updates On Its Operational Activities In France

13.3.17 Aug 12, 2009: Petroplus Holdings Reduces Crude Processing At Cressier, Reichstett Refineries

13.3.18 Aug 03, 2009: Total To Shut CDU At Gonfreville Refinery In France

13.4 New Contracts Announcements

13.4.1 Mar 01, 2010: Gazprom Signs Memorandum On Additional Gas Supplies To GDF Suez

14 Appendix

14.1 Methodology

14.1.1 Coverage

14.1.2 Secondary Research

14.1.3 Primary Research

14.1.4 E&P Forecasts

14.1.5 Midstream Forecasts

14.1.6 Expert Panel Validation

14.2 Contact Us

14.3 About GlobalData

14.4 Disclaimer

1.1 List of Tables

Table 1: France, Historical and Forecasted Production and Consumption of Crude Oil, 1996-2020

Table 2: France, Historical and Forecasted Imports of Crude Oil, 1996-2020

Table 3: France, Historical Reserves of Crude Oil (MMBBLs), 1996-2009

Table 4: France, Crude Oil and Natural Gas Royalty Rate, 2009

Table 5: France, Crude Oil and Natural Gas, Mining Taxes, 2009

Table 6: France -Onshore, Base Asset Remaining NPV, Sensitivity to Discount Rates, Mid 2009

Table 7: Western Europe, Investment Benchmarking, Overall Country Rankings, March 2010

Table 8: Western Europe, Investment Benchmarking, Upstream Fiscal Attractiveness, March 2010

Table 9: Western Europe, Investment Benchmarking, Oil Sector Performance, March 2010

Table 10: Western Europe, Investment Benchmarking, Economic Performance, March 2010

Table 11: Western Europe, Country Standings, Economic Performance, March 2010

Table 12: Western Europe, Investment Benchmarking, Socio-Political Performance, March 2010

Table 13: Western Europe, Country Standings, Socio-Political Performance, March 2010

Table 14: France, Crude Oil Key Statistics, 2009

Table 15: France, Total Gross Crude Oil Production (MMBBLs), 2002-2009

Table 16: France, Gross Crude Oil Production (MMBBLs) by Type, 2002-2009

Table 17: France, Gross Crude Oil Production (MMBBLs), by Assets, 2002-2009

Table 18: France, Gross Equity Weighted Crude Oil Production (MMBBLs), by Company, 2002- 2009

Table 19: France, Market Share (%) based on Gross Equity Weighted Crude Oil Production, 2002-2009

Table 20: France, Gross Crude Oil Production (Thousand Barrels), Forecast by Assets, 2010-2015

Table 21: France, Forecasted Assets-wise Gross Revenue(000'$), 2010-2015

Table 22: France, Projected Assets-wise Total Government Take(000'$), 2010-2015

Table 23: France, Projected Assets-wise Total Contractor Take(000'$), 2010-2015

Table 24: France, Active Oil Field Asset Details, 2009

Table 25: France, Number of Crude Oil Discoveries by Year, 2004-2009

Table 26: France Crude Oil Discovery Details, 2004-2009

Table 27: France, Pipeline Key Statistics, 2009

Table 28: France, Crude Oil Pipeline Length by Company (Km), 2009

Table 29: France, Petroleum Product Pipeline Length by Company (Km), 2009

Table 30: France, Crude Oil Pipelines, 2009

Table 31: France, Petroleum Product Pipelines, 2009

Table 32: France, Refinery Key Statistics, 2009

Table 33: France, Total Refining Capacity (MMTPA), 2000- 2013

Table 34: France, Refining Capacity by Company (MMTPA), 2000- 2013

Table 35: France, Crude Distillation Unit Capacity (MMTPA), 2000-2013

Table 36: France, Fluid Catalytic Cracking Unit Capacity (MMTPA), 2000-2013

Table 37: France, Hydrocracking Unit Capacity (MMTPA), 2000-2013

Table 38: France, Refinery Maintenance Schedules, 2005-2010

Table 39: France, Oil and Chemicals Storage Key Statistics, 2009

Table 40:France, Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2013

Table 41: France, Oil and Chemicals Storage Capacity Company-wise (Thousand M3), 2000-2013

Table 42: France, Oil and Chemicals Storage Capacity (Thousand M3), 2000-2013

Table 43: France, Oil and Chemicals Storage, User, Commodity and Tank Details, 2009

Table 44:Gaz de France, Key Facts

Table 45:Gaz de France, SWOT Analysis

Table 46: TOTAL S.A., Key Facts

Table 47: TOTAL S.A., SWOT Analysis

Table 48:Exxon Mobil Corporation, Key Facts

Table 49:Exxon Mobil Corporation, SWOT Analysis

Table 50: Entrepose Acquires Challenger Special Oil

Table 51: SAFE Acquires Stake In Total

Table 52: European Gas Acquires Gazonor

Table 53: Shell To Sell Eurpean LPG Business And Oil and Gas Fields In The North Sea And Nigeria

Table 54: European Gas Announces Private Placement Of $2.09 Million

Table 55: Total Completes 3.12% Senior Notes Offering For $1 Billion

Table 56: Etablissements Maurel Completes Private Placement Of 7.12% Convertible Bonds For $419 Million

Table 57: Total Completes Offering Of 3.5% Euro Bonds For $1,291.21 Million

Table 58: GDF Suez Completes Public Offering Of $968.84 Million

Table 59: GDF SUEZ Completes Private Placement Of $847.87 Million

Table 60: GDF SUEZ Completes Private Placement Of $1,210.42 Million

Table 61: GDF SUEZ Completes Private Placement Of $1,334.91 Million

Table 62: Total Capital Prices Debt Offerig Of $150 Million

Table 63: Total Prices Debt Offering Of $1,463.01 Million

Table 64: Oiltanking And Mediaco Form Partnership

Table 65: Elixir Petroleum To Acquire 100% Interest In Moselle Permit

Table 66: Total Acquires 25% Interest In The Guyane Maritime Permit

Table 67: Shell Acquires 33% Stake In Guyane Maritime Permit From Tullow Oil

Table 68: Egdon Resources Acquires UK And French Assets From EnCore Oil

Table 69: Roc Oil Company To Farmout 50% Equity In Belo Profond And Juan de Nova Maritime Profond Permit

Table 70: Engen Acquires Rwanda SARL, Burundi, Guinea Bissau And Aero Services From Total

1.2 List of Figures

Figure 1: France, Energy Sector Break-Up, 2009

Figure 2: France, Crude Oil Production And Consumption, Thousand Barrels Per Day, 1996-2020

Figure 3: France, Crude Oil Imports, Thousand Barrels Per Day, 1996-2020

Figure 4: France, Crude Oil Reserves, Million Barrels, 1996-2009

Figure 5: France - Onshore, Full Field Economics, Sample Cash Flows, 1969-2030

Figure 6: France - Onshore, Sample Full Field Economics, Government and Contractor Takes

Figure 7: France - Onshore, Sample Field Economics, Post Tax Cash Flow vs Gross Revenue

Figure 8: France - Onshore, Sample Field Economics, Project Post Tax Cash Flows At Various Discount Rates

Figure 9: Western Europe, Country Standings, Upstream Fiscal Attractiveness, March 2010

Figure 10: Western Europe, Country Standings, Oil Sector Performance, by Reserves-Exploration & Production, March 2010

Figure 11: Western Europe, Country Standings, Oil Sector Performance, by Production-Consumption & Refining, March 2010

Figure 12: Western Europe, Country Standings, Exploration Blocks Awarded, March 2010

Figure 13: Western Europe, Country Standings, Economic Performance, March 2010

Figure 14: Western Europe, Country Standings, Socio-Political Performance, March 2010

Figure 15: France, Crude Oil Assets Map, 2009

Figure 16: France, Total Gross Crude Oil Production (MMBBLs), 2002-2009

Figure 17: France, Gross Crude Oil Production (MMBBLs) by Type, 2002-2009

Figure 18: France, Gross Equity Weighted Crude Oil Production by Company (MMBBLs), 2002-2009

Figure 19: France, Market Share (%) based on Gross Equity Weighted Crude Oil Production, 2009

Figure 20: France, Number of Crude Oil Discoveries by Year, 2004-2009

Figure 21: France, Total Refining Capacity (MMTPA), 2000- 2013

Figure 22: France Refining Sector, Market Shares (%), 2009

Figure 23: France, Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2013

Figure 24: France, Oil and Chemicals Storage Capacity by Area(%), 2009

Figure 25: France, Oil and Chemicals Storage Capacity Company-wise (Thousand M3), 2000-2013

Figure 26: GlobalData Methodology