On 2 February 2018 International Petroleum Corp (IPC) was granted the Amaltheus concession. The expiry date was set on 1 January 2040. The 37 sq km Amaltheus block is located in the Champagne-Ardennes province some 40 km to the south of the town of Reims. It covers part of the former Val-des-Marais exploration permit operated by the company and which was due to expire in 2014. Financial commitments include a rent of EUR 15 per hectare. The concession encompasses the Pierre Morains 1 small oil field discovered in 1986 and which produced some 10,000 bo from the Rhaetian sandstones until the early 1990âs. In 2012 Lundin successfully completed with oil the Amaltheus 1 appraisal of the Pierre Morains 1 field designed to evaluate the lateral southeastern extension of it. The company had estimated the unrisked prospective resources addition at 2 MMboe with a chance of success of 50%. In 2017 Lundin spinned-off its non-Norwegian assets to the newly created company IPC. International Petroleum Corporation (IPC) is sole right holder in the Amaltheus concession.
France (Paris B.) (It's a petroleum rights. Please summarize by yourself). In IHS database: Val-des-Marais op. by IPC (100.0%) to be check.Amaltheus op. by IPC (100.0%) to be check.