Petroleum In France And French Colonies During 1923

THE year 1923 has seen new developments in the only French wells, i.e., those of Pechelbronn, Alsace. The output of the two pits now in operation totaled more than 75,000 tons, although there was a two months' strike. It is expected that 1924 will see an output of 85,000 tons; and 1925, 100,000 tons. A new pit has just been put in operation (fourth pit; the third not being in operation). The oil and the oil sands are extracted at a depth of 350 meters. Special attention has been given to the development of the distillation and refinery plants, particularly the manufacturing of lubricating oils. The present output of the lubricating-oil factories is approximately 20,000 tons neutral oils; 20,000 tons spindle oils, together with 2000 tons of paraffin. Engineers are introducing the most modern American processes of refinery and distillation. The company has 3000 employees. The capital of the company has just been increased from 45,000,000 francs to 81,000,000 francs. Some other drilling has been done in the Auvergne and Landes districts, and some oil has been found, but in too small quantities for commercial operation. Great hopes, however, are entertained of finding large quantities of oil, and the French Chambers have voted a special fund of 20,000,000 francs for investigating oil in France. Much work has also been done in the Colonies but without much success; oil is found in different districts of Tunis, but in relatively small quantities. In Morocco, drillings have not been successful. A prospecting mission recently returned from Madagascar gave an optimistic report concerning the oil conditions on the Island. Prospectings are being made also in French Indo-China. The present domestic yearly consumption is about: Gasoline 750,000 metric tons, kerosene 70,000 metric tons, automobile lubricating oil 75,000 metric tons.