France Oil Market

Despite the case of having limited amount of oil and gas reserves, France (French Petroleum) supply and services became very well established in short period of time.

The history with reference to the oil and gas industry in France in the given sector is provided here. It also relates to various services and the supply industry in France. The market analysis aids various involvements of the policies and the details on oil and gas industry with overall process in France.

Post the period of Second World War, the Government made initiation of their highly motivated project on the energy policies which was spearheaded by BRP (Bureau de recherché du petrole). This session actively led to resulting major formation of 3 significant operators and they were ELF, GAZ DE FRANCE and TOTAL.  This session led to a materialization of a pioneering and highly competitive service in the France oil and gas industry which was able to extend the technologies and various processes for the operators.

The France Oil Markets and the industry chart are as below:

1) During the 1920 and the 1930s: Exploration of several smaller companies got established.

2) 1940s: Establishment of GAZ DE FRANCE for conducting further level development of the national gas distribution network.

3) 1950s: Started over the oil exploration process in the Africa. T involves Sahara especially.

4) 1960s: Commencement of the offshore exploration along with production in the West Africa, North Sea and the Gabon.

5) 1970s: Creation of the 2^nd oil company (National).

6) 1980s: Energy saving techniques and technologies development.

7) 1990s: Various development that involved new technologies for the deep offshore and the finding of giant fields.

Despite the case of having limited amount of oil and gas reserves, France (French Petroleum) supply and services became very well established in short period of time.