EnCana eyes gas exploration with a French connection by Dave Ebner, April 28, 2005, The Globe and Mail
The Canadian firm EnCana is interested in the South-West of France Translation of article in French copied below by Marina Angel, March 9, 2006, L’USINE NOUVELLE
The EnCana group, born from the merger between Alberta Energy and Pancanadian Petroleum, has decided to invest in Europe for the exploration of new unconventional gas fields, that is to say fields in which gas is not available. not contained in “pockets”, but is present more diffusely in soils.
After 3 years of pre-studies on the evaluation of 27 European sedimentary basins, the firm has finally set its sights on the South-West of France, where its new subsidiary, EnCana France, has just obtained an exclusive license to search (PER) for liquid or gaseous hydrocarbons over an area of 3,478 m² covering overall a corridor some 150 kilometers long and some forty kilometers wide, going from the east of Tarbes to the foothills of the Aude. This exploration zone concerns the 4 departments of Hautes-Pyrénées, Haute-Garonne, Ariège and Aude. “This site seemed to us to be the one that had the greatest potential for large unconventional gas reservoirs,” explains Mario Savard, director of EnCana France.
Developments in extraction techniques, reduction in production costs and long-term prospects are opening up new horizons for the exploitation of natural gas in this geographical area, even though the activity of the conventional Lacq site ( Pyrénées-Atlantique) is in sharp decline. The group, North America’s leading gas company, with a global workforce of 6,500 people, has made the strategic choice to position itself on these extractive technologies dedicated to unconventional fields.
Called the “Foix permit”, the PER granted to EnCana is valid for 4 years with a minimum expenditure commitment for the manufacturer of 15.2 million euros over this period. “We will spend more” insists Mario Savard, before specifying “we think we will mobilize between 15 and 20 million euros from the first two years”. The company plans to initiate administrative procedures very quickly to be able to start work on the first three exploratory wells next fall.
From our correspondent in Midi-Pyrénées, Marina Angel