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France

The French onshore assets generate predictable long-term production with low decline rates

In France, the producing oil and gas assets are situated in the Paris Basin and the Aquitaine Basin.
The majority of the production and reserves from the assets come from the operated fields in the Paris Basin. IPC is the operator of all of the Paris Basin fields and holds a 100% working interest in 11 of the 12 producing fields. Five fields are operated via the main production centre, Villeperdue, Merisier, Vert La Gravelle, Soudron and Grandville. Other fields have small gathering facilities where the oil is stored for trucking to the main Villeperdue production centre. From Villeperdue, the oil is delivered to the Total-operated Grandpuits refinery via a fully owned pipeline.

In the Aquitaine Basin, production comes from Vermilion Energy’s five operated fields situated near Arcachon, south west France. IPC has a 50% working interest.

The net 2P reserves for IPC’s French assets as at end 2018 stand at 18.3 MMboe.

In addition, IPC holds a 100% interest in an exploration licence in the Languedoc region in the southeast of France.

Paris Basin Seismic
August 2018

Paris Basin Drilling
August 2018

France licences

LicenceArea km2Licence TypeIPC InterestOperatorPartner
Aquitaine Basin Licence Summary
Courbey22.12Production50%Vermilion Vermilion 50%
Les Arbousiers7.85Production50%Vermilion Vermilion 50%
Les Mimosas20.00Production50%Vermilion Vermilion 50%
Les Pins3.56Production50%Vermilion Vermilion 50%
Tamaris10.00Production50%Vermilion Vermilion 50%
Paris Basin Licence Summary
Amaltheus37.08Expl. / Prod.100%IPC –
Courdemanges19.90Production100%IPC –
Dommartin-Lettree13.20Production43.01%IPCVermilion Energy 56.99%
Est Champagne1,318.00Exploration100%IPC –
Estheria43.00Exploration100%IPC –
Fontaine-au-Bron
(part west & south)
25.09Production100%IPC –
Grandville33.90Production100%IPC –
La Motte Noire15.84Production100%IPC –
Merisier26.50Production100%IPC –
Pays du Saulnois198.00Exploration40%IPCNeptune Energy 40%,
Diamoco Energy 20%
Plivot198.00Exploration100%IPC –
Soudron51.60Production100%IPC –
Vert-La-Gravelle23.00Production100%IPC –
Villeperdue141.30Production100%IPC –
Other Licences
Plaines du Languedoc1,095.00Exploration100%IPC –

France maps and images

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