After intensive oil prospecting, the French national company 'Elf-Aquitaine' have discovered what is considered to be a giant new petroleum field in the south west region of France.
GV PAN ZOOM INTO Well drilling at edge of Lake Cadillon in Aquitaine, France
GV Reflection of drilling rig in lake water PAN TO drilling head
SCU Drill in operation (2 shots)
SV ZOOM INTO CU Geologist takin notes on drill site
GV ZOOM TO SV Drilling equipment and pipes stacked
SV & GV Refinery in operation (3 shots)
CU Drill head bits (2 shots)
SV PAN TO GV Drill head in operation (2 shots)
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Background: After intensive oil prospecting, the French national company 'Elf-Aquitaine' have discovered what is considered to be a giant new petroleum field in the south west region of France. If further drilling in Aquitaine area gives the expected results, the field could double present French oil production and make Aquitaine the "little Taxas" of France.
SYNOPSIS: The new wells lie in the Cadillon, Burosse and Vailer Areas, just north of the city of Pau. This discovery could be good news for environmentalists who oppose France's plant to built more nuclear power plants, although best estimates suggest the field could produce only one percent of France's oil requirements.
The new field is expected to produce between four and eight-hundred thousand barrels annually beginning in 1980, ?ising to more than four million barrel a year by 1982.
I has been known for 25 years that there is more oil in southwest France, but only recently have the oil price rises justified the cost of further exploration.
At present, Elf-Aquitaine and Esso-France had a known reservoir that could produce more than four million barrels, (six hundred thousand tonnes), a year. On orders from President Giscard d'Estaing, Elf-Aquitaine, a nationally owned oil company, will almost triple their investment in the southwest area to nearly four hundred million dollars in the next four years.
While a big effort is made to exploit the field on shore, a new programme of exploration is to be launched offshore, in the Gulf of Gascogne, in the Atlantic.