Energyboardroom has released a new report on the French oil and gas industry, which offers a detailed look into the industry.
The country's oil services sector alone generated a turnover of €39 billion in 2013, employing a total of 65 000 people. Jean Roberts, the former Chairman of the French Association of Companies and Professionals in the oil, gas and related industries, remarked: “Very few people know that France is the world’s second largest oil services industry in terms of exports.”
France is important to several international companies as a hub for research and project execution, among them Italy's Saipem. "Saipem France has become a leading project execution center for Saipem globally," commented Fabio Pallavicini, the Saipem’s CEO.
Despite a nation-wide ban on fracking has prevented domestic exploration of the subsoil, CEO of Technip declared: “If I were to make any forecasts on the evolution of Technip in coming years, I would predict a greater ability to drive costs down and rely on our conceptual resources to produce innovative solutions.”
CEO of Total, Patrick Pouyanné, added: “The energy sector itself has undergone unprecedented changes in the last fifteen years. As a major oil and gas company, it is our responsibility to embrace and participate in the evolution of the energy mix.”
Edited from press release by Angharad Lock
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/03092015/energyboardroom-new-inside-oil-and-gas-france-report-1340/