Table of Contents
1 Table Of Contents 2
1.1 List of Tables 8
1.2 List of Figures 10
2 France Energy Sector 11
2.1 France Energy Sector, Market Overview 11
2.2 France Energy Sector, Natural Gas 12
2.2.1 France Natural Gas,
Overview 12
2.2.2 France Natural Gas, Supply and Demand Balance 12
2.2.3 France Natural Gas, Regulatory Structure 18
2.2.4 France Natural
Gas, Infrastructure 19
3 France Fiscal Regime 21
3.1 France Petroleum
Fiscal Environment 21
3.2 License Terms 21
3.3 Key Fiscal Terms 22
3.4 Sample Cashflows Calculations 25
4 France Gas Upstream Investment
Environment Benchmarking 26
4.1 Introduction 26
4.2 The Overall
Ranking 26
4.3 Upstream Fiscal Attractiveness 27
4.3.1 Maximum
Government Take Index 28
4.3.2 Maximum State Participation 29
4.4 Gas
Sector Performance 29
4.4.1 Exploration Activity 31
4.4.2 Gas
Production 32
4.4.3 Gas Reserves 32
4.4.4 Gas Consumption 33
4.5
Economic Performance 33
4.5.1 GDP Growth Index 35
4.5.2 FDI Confidence
Index 35
4.5.3 Balance of Trade Index 35
4.6 Socio-Political
Performance 36
5 France Exploration and Production Sector 38
5.1
France Exploration and Production Sector, Country Snapshot 38
5.1.1 France
Exploration and Production Sector, Key Data 38
5.1.2 France Exploration
and Production Sector, Natural Gas Assets Map 38
5.2 France Exploration
and Production Sector, Marketed Natural Gas Production 39
5.2.1 France
Exploration and Production Sector, Marketed Natural Gas-Historical Production
39
5.2.2 France Exploration and Production Sector, Marketed Natural Gas
Production by Assets 40
5.2.3 France Exploration and Production Sector,
Marketed Equity Weighted Natural Gas Production by Company 40
5.2.4 France
Exploration and Production Gas Sector, Market Share based on Marketed Natural
Gas Production 41
5.3 France Exploration and Production Sector, Marketed
Natural Gas Forecasts 43
5.3.1 France Exploration and Production Sector,
Marketed Natural Gas Forecasted Production 43
5.3.2 France Exploration and
Production Sector, Gross Revenue Forecast 43
5.3.3 France Exploration and
Production Sector, Government Take Forecast 44
5.3.4 France Exploration
and Production Sector, Contractor Take Forecast 44
6 France Pipeline
Sector 45
6.1 France Pipeline Sector, Key Data 45
6.2 France Pipeline
Sector, An Overview 45
6.3 France Pipeline Sector, Comparision of Key
Natural Gas Pipeline Companies 45
6.4 France Pipeline Sector, Natural Gas
Pipelines 47
7 France LNG Sector 49
7.1 France LNG Sector, Key Data
49
7.2 France LNG Sector, Regasification 49
7.2.1 France LNG Sector,
Regasification, Total Regasification Capacity 49
7.2.2 France LNG Sector,
Regasification, Capacity-Wise Market Share By Company 51
7.2.3 France LNG
Sector, Regasification, Asset Wise Capacity 52
8 France Undergound Gas
Storage Sector 53
8.1 France Underground Gas Storage Sector, Key Data
53
8.2 France Underground Gas Storage Sector, An Overview 53
8.3
France Underground Gas Storage Sector, Capacity-Wise Market Share By Company
53
8.4 France Underground Gas Storage Sector, Storage Capacity 55
9
Profile of Gaz de France 56
9.1 Gaz de France, Key Information 56
9.2
Gaz de France, Company Overview 56
9.3 Gaz de France, Business Description
56
9.3.1 Gaz de France, Business Description, Overview 56
9.3.2 Gaz de
France, Business Description, Major Products and Services 58
9.4 Gaz de
France, SWOT Analysis 58
9.4.1 Gaz de France, SWOT Analysis, Overview
58
9.4.2 Gaz de France SWOT Analysis, Strengths 59
9.4.3 Gaz de
France, SWOT Analysis, Weaknesses 60
9.4.4 Gaz de France, SWOT Analysis,
Opportunities 60
9.4.5 Gaz de France, SWOT Analysis, Threats 61
10
Profile of Total S.A. 63
10.1 Total S.A., Key Information 63
10.2
Total S.A., Company Overview 63
10.3 Total S.A., Business Description
63
10.3.1 Total S.A., Business Description, Business Overview 63
10.3.2 Total S.A., Business Description, Chemicals 64
10.3.3 Total S.A.,
Business Description, Downstream 65
10.3.4 Total S.A., Business
Description, Upstream 66
10.3.5 Total S.A., Business Description, Major
Products and Services 67
10.4 Total S.A., Value Chain Analysis 70
10.4.1 Total S.A., Value Chain Analysis, Upstream 70
10.4.2 Total S.A.,
Value Chain Analysis, Midstream 71
10.4.3 Total S.A., Value Chain
Analysis, Downstream 72
10.4.4 Total S.A., Value Chain Analysis, Retail
73
10.5 Total S.A., SWOT Analysis 73
10.5.1 Total S.A., SWOT Analysis,
Overview 73
10.5.2 Total S.A., SWOT Analysis, Strengths 74
10.5.3
Total S.A., SWOT Analysis, Weaknesses 75
10.5.4 Total S.A., SWOT Analysis,
Opportunities 76
10.5.5 Total S.A., SWOT Analysis, Threats 77
10.6
Total S.A., Revenue Analysis 78
10.6.1 Total S.A., Revenue by Segment
78
10.6.2 Total S.A., Revenue by Geography 78
10.7 Total S.A.,
Financial and Operational Review 80
10.7.1 Financial Statements 80
10.7.2 Financial Ratios 81
11 Profile of Exxon Mobil Corporation 82
11.1 Exxon Mobil Corporation, Key Information 82
11.2 Exxon Mobil
Corporation, Company Overview 82
11.3 Exxon Mobil Corporation, Business
Description 82
11.3.1 Exxon Mobil Corporation, Business Description,
Overview 82
11.3.2 Exxon Mobil Corporation, Business Description, Chemical
82
11.3.3 Exxon Mobil Corporation, Business Description, Downstream 84
11.3.4 Exxon Mobil Corporation, Business Description, Upstream 86
11.4
Exxon Mobil Corporation, Value Chain Analysis 88
11.4.1 Exxon Mobil
Corporation, Value Chain Analysis, Upstream 88
11.4.2 Exxon Mobil
Corporation, Value Chain Analysis, Midstream 89
11.4.3 Exxon Mobil
Corporation, Value Chain Analysis, Downstream 90
11.4.4 Exxon Mobil
Corporation, Value Chain Analysis, Retail 90
11.5 Exxon Mobil Corporation,
SWOT Analysis 90
11.5.1 Exxon Mobil Corporation, SWOT Analysis, Overview
90
11.5.2 Exxon Mobil Corporation, SWOT Analysis, Strengths 91
11.5.3
Exxon Mobil Corporation, SWOT Analysis, Weaknesses 93
11.5.4 Exxon Mobil
Corporation, SWOT Analysis, Opportunities 95
11.5.5 Exxon Mobil
Corporation, SWOT Analysis, Threats 96
11.6 Exxon Mobil Corporation,
Revenue Analysis 98
11.6.1 Exxon Mobil Corporation, Revenue by Segment
98
11.6.2 Exxon Mobil Corporation, Revenue by Geography 98
11.7 Exxon
Mobil Corporation, Financial and Operational Review 100
11.7.1 Financial
Statements 100
11.7.2 Financial Ratios 101
12 Financial Deals
Landscape 102
12.1 Detailed Deal Summary 102
12.1.1 Merger 102
12.1.2 Acquisition 104
12.1.3 Debt Offerings 105
12.1.4 Asset
Transactions 111
13 Recent Developments 112
13.1 License Awards
112
13.1.1 Jan 27, 2009: European Gas Receives Gas Production Permit From
French Government In Northern France 112
13.1.2 Jan 23, 2009: Egdon Wins
New Exploration Permit, Onshore France 112
13.1.3 Aug 19, 2008: Nautical
Updates On Two New Exploration Licenses In France 113
13.2 Strategy and
Business Expansion 114
13.2.1 Dec 18, 2008: MIT And Total Announce Energy
Research Collaboration 114
13.2.2 Sep 10, 2008: Total To Spend EUR5.5
Billion To Expand Its R&D Program 115
13.3 Recent Discoveries 116
13.3.1 Oct 07, 2008: European Gas Identifies CBM Contingent Resources At Its
Gazonor Project In France 116
13.3.2 Sep 23, 2008: Lundin Discovers Oil At
Dordives 1-D Well In Paris Basin, Onshore France 116
13.3.3 Jun 16, 2008:
StatoilHydro Discovers Gas At Haltenbanken 117
13.3.4 Jun 04, 2008: Total
Announces New Gas Discovery In UK North Sea 118
13.3.5 Jun 02, 2008: Dana
Makes Significant Gas Discovery In Egypt 118
13.3.6 May 27, 2008: Total
Discovers Gas And Condensates On Block B, Offshore Brunei 119
13.3.7 May
05, 2008: Eni Announces Oil Discovery Offshore Angola 120
13.3.8 Mar 12,
2008: Maurel & Prom Provides Operational Update 121
13.4 Drilling and
Production Updates 122
13.4.1 Oct 30, 2008: Lundin Completes Vaxy-1 Well
In Pays du Saulnois, France 122
13.4.2 Oct 06, 2008: European Gas Updates
On Folschviller 2 Well In Lorraine Project, France 122
13.4.3 Sep 12,
2008: Lundin Spuds Vaxy-1 Well In Pays Du Saulnois In France 123
13.4.4
Aug 28, 2008: Lundin Commences Drilling On Dordives 1-D Well At Paris Basin,
France 123
13.4.5 Aug 14, 2008: European Gas Completes Drilling On
Folschviller 2 Well In Lorraine, France 124
13.5 Financial Announcements
125
13.5.1 Nov 05, 2008: Total Reports 3Q 2008 Results 125
13.5.2 Nov
04, 2008: Maurel & Prom Declares 3Q 2008 Results 129
13.5.3 Sep 10, 2008:
Total Declares Interim Dividend 131
13.6 Other Significant Developments
131
13.6.1 Jan 22, 2009: Total Appoints New Corporate Management Committee
Member 131
13.6.2 Jan 15, 2009: Total Appoints New Corporate Management
Committee Member 131
13.6.3 Jan 13, 2009: Total To Increase Investment In
2009 Exploration And Production 132
13.6.4 Oct 06, 2008: Total Announces
Management Change 132
13.6.5 Sep 04, 2008: Total Appoints Vice President
133
13.6.6 Jul 02, 2008: Iran In Gas Deal Talks With Shell And Total
133
13.6.7 Jul 02, 2008: Iran Allocates $16 Billion To Develop Oil Wells
134
13.7 New Contracts Announcements 135
13.7.1 Apr 28, 2008: SeaBird
Wins First Contract Award For SeaBed Operations 135
13.7.2 Mar 06, 2008:
Technip Wins Contract From Petrofac 136
14 Appendix 137
14.1
Methodology 137
14.1.1 Coverage 137
14.1.2 Secondary Research 138
14.1.3 Primary Research 138
14.1.4 E&P Forecasts 139
14.1.5 Midstream
Forecasts 140
14.1.6 Expert Panel Validation 141
14.2 Contact Us
141
14.3 About GlobalData 141
14.4 Disclaimer 141
1.1 List of
Tables
Table 1: France, Historical and Forecasted Production and
Consumption of Natural Gas, 1996-2020 13
Table 2: France, Historical
and Forecasted Exports and Imports of Natural Gas, 1996-2020 15
Table 3:
France, Historical Reserves of Natural Gas, 1996-2008 17
Table 4:
France, Crude Oil and Natural Gas Royalty Rate, 2007 23
Table 5: France,
Crude Oil and Natural Gas, Mining Taxes, 2007 24
Table 6: Western Europe,
Investment Benchmarking, Overall Country Rankings, 2008 26
Table 7:
Western Europe, Investment Benchmarking, Upstream Fiscal Attractiveness, 2008
27
Table 8: Western Europe, Investment Benchmarking, Gas Sector
Performance, 2008 29
Table 9: Western Europe, Investment Benchmarking,
Economic Performance, 2008 33
Table 10: Western Europe, Country Standings,
Economic Performance, 2008 34
Table 11: Western Europe, Investment
Benchmarking, Socio-Political Performance, 2008 36
Table 12: Western
Europe, Country Standings, Socio-Political Performance, 2008 36
Table 13:
France, Natural Gas Key Statistics, 2008 38
Table 14: France, Total
Marketed Natural Gas Production (MMcf), 2001-2008 39
Table 15: France,
Marketed Natural Gas Production (MMcf), by Assets, 2001-2008 40
Table 16:
France, Marketed Equity Weighted Natural Gas Production (MMcf), by Company,
2001-2008 40
Table 17: France, Market Share (%) based on Marketed Natural
Gas Production, 2001- 2008 41
Table 18: France, Marketed Natural Gas
Production (MMcf), Forecast by Assets, 2009-2014 43
Table 19: France,
Forecasted Assets-wise Gross Revenue(000' $), 2009-2014 43
Table 20:
France, Projected Assets-wise Total Government Take(000' $), 2009-2014 44
Table 21: France, Projected Assets-wise Total Contractor Take(000' $),
2009-2014 44
Table 22: France, Pipeline Key Statistics, 2008 45
Table
23: France, Natural Gas Pipelines, 2008 47
Table 24: France, Natural Gas
Pipelines, 2008 (Contd.) 48
Table 25: France LNG Key Statistics, 2008
49
Table 26: France, Total Regasification Capacity (Bcf), 2000-2015
49
Table 27: France, Regasification Capacity, Company-wise (Bcf),
2000-2015 51
Table 28: France, Regasification Capacity, Company-wise
(Bcf), 2000-2015 51
Table 29: Europe, Regasification Capacity in France
(Bcf), 2000-2015 52
Table 30: France Underground Gas Storage Key
Statistics, 2008 53
Table 31: France, Underground Gas Storage Capacity,
Company-wise, 2008 53
Table 32: France, Underground Gas Storage Capacity,
Company-wise, 2008 54
Table 33: France, Underground Gas Storage Capacity,
2008 55
Table 34: Gaz de France, Key Facts 56
Table 35: Gaz de
France, SWOT Analysis 59
Table 36: TOTAL S.A., Key Facts 63
Table
37: TOTAL S.A., SWOT Analysis 74
Table 38: TOTAL S.A., Revenue
by Segment, Euro Million, 2003-2007 78
Table 39: TOTAL S.A., Revenue
by Geography, Euro Million, 2003-2007 79
Table 40: TOTAL S.A.,
Financial Statements, Euro Million, 2003-2007 80
Table 41: TOTAL
S.A., Financial Ratios, Euro Million, 2003-2007 81
Table 42: Exxon
Mobil Corporation, Key Facts 82
Table 43: Exxon Mobil Corporation,
SWOT Analysis 91
Table 44: Exxon Mobil Corporation, Revenue by
Segment, USD Million, 2003-2007 98
Table 45: Exxon Mobil Corporation,
Revenue by Geography, USD Million, 2003-2007 99
Table 46: Exxon Mobil
Corporation, Financial Statements, USD Million, 2003-2007 100
Table 47:
Exxon Mobil Corporation, Financial Ratios, USD Million, 2003-2007 101
Table 48: Suez Merges With Gaz De France 102
Table 49: SAFE
Acquires Stake In Total 104
Table 50: Total Plans For Bond Offering Of
$1,200 Million 105
Table 51: GDF SUEZ Completes Private Placement Of
$847.87 Million 106
Table 52: GDF SUEZ Completes Private Placement Of
$1,210.42 Million 107
Table 53: GDF SUEZ Completes Private Placement
Of $1,334.91 Million 108
Table 54: Total Capital Prices Debt Offerig
Of $150 Million 109
Table 55: Total Prices Debt Offering Of $1,463.01
Million 110
Table 56: Tullow Oil Plans To Farm-Out Its Guyane Maritime
Licence 111
1.2 List of Figures
Figure 1: France, Energy
Sector Break-Up, 2008 11
Figure 2: France, Natural Gas Production And
Consumption, Billion Cubic Feet, 1996-2020 14
Figure 3: France,
Natural Gas Imports And Exports, Billion Cubic Feet, 1996-2020 16
Figure
4: France, Natural Gas Reserves (Billion Cubic Feet), 1996-2008. 18
Figure 5: France, Upstream Oil & Gas Fiscal Regime (Royalty/Tax), Sample
Cashflows, 2005-2016 25
Figure 6: Western Europe, Country Standings,
Upstream Fiscal Attractiveness, 2008 28
Figure 7: Western Europe, Country
Standings, Gas Sector Performance, 2008 30
Figure 8: Western Europe,
Country Standings, Gas Sector Performance, 2008 (Contd.) 31
Figure 9:
Western Europe, Country Standings, Exploration Blocks Awarded, 2008 32
Figure 10: Western Europe, Country Standings, Economic Performance, 2008
34
Figure 11: Western Europe, Country Standings, Socio-Political
Performance, 2008 37
Figure 12: France, Natural Gas Assets Map, 2008
38
Figure 13: France, Total Marketed Natural Gas Production (MMcf),
2001-2008 39
Figure 14: France, Marketed Equity Weighted Natural Gas
Production (MMcf), by Company, 2001-2008 41
Figure 15: France, Market
Share (%) based on Marketed Natural Gas Production, 2008 42
Figure 16:
France, Natural Gas Pipelines Length, by Company (Km), 2008 45
Figure 17:
France, Natural Gas Pipelines Length by Company (Km), 2008 46
Figure 18:
France, Total Regasification Capacity (Bcf), 2000-2015 50
Figure 19:
TOTAL S.A., Value Chain Analysis 70
Figure 20: Exxon Mobil Corporation,
Value Chain Analysis 88
Figure 21: GlobalData Methodology 137
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