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Monaco has no history of production and no exploration wells have ever been drilled in the country. Globalshift does not forecast any future production of oil or gas from the country.
For recent events see News Briefs.
Tectonically, Monaco lies in the Maritime Alps extending along the southeast Mediterranean coast of France. Most of Monaco thus comprises low Alpine hills, with uplifted, eroded and highly faulted sedimentary cover.
Globalshift believes it is unlikely that any potential oil and gas resources could have survived its recent geological history.