France to halt exploration licensing

France will halt oil and gas exploration licensing, according to Nicolas Hulot, minister for the ecological and intrusive transition under the new government of Prime Minister Edouard Philippe.

Hulot, a journalist and environmental activist appointed to the ministry position last month, said the government will introduce legislation halting exploration licensing in the fall.

Under current procedures, companies may apply for exploration licenses at any time. Applications deemed technically and financially acceptable are opened to competition from other potential applicants before licenses are granted.

Three companies account for 95% of French oil production of about 15,000 b/d.

They are Vermilion Energy Inc., Lundin Petroleum AB, and Geopetrol SA.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...