• the exploitation of light oil and liquids-rich natural gas reserves in Canada and the United States
• the exploration and development of high impact natural gas opportunities in the Netherlands and Germany
• oil drilling and workover programs in France and Australia.
Vermilion holds an 18.5% working interest in the Corrib gas field in Ireland. Vermilion is targeting production of between 86,000 – 90,000 barrels of oil equivalent per day (boe/d) in 2018.
Vermilion’s priorities are health and safety, the environment, and profitability, in that order. The highest priority is given to safety of the public and of employees, and the protection of the environment. Vermilion has been recognised as a top performer amongst Canadian publicly listed companies in governance practices, as a Climate “A” List performer by the CDP, and a Best Workplace in the Great Place to Work® Institute’s annual rankings in Canada, France, the Netherlands and Germany. In addition, Vermilion emphasises strategic community investment in each of its operating areas.
The company name originates from Alberta’s Vermilion Lakes, known for their reddish ochre waters. The strong colour of Vermilion, which is made up of red, orange and yellow, represents Vermilion’s goal to be a vibrant energy company that delivers above average shareholder returns.www.vermilionenergy.com
The Corrib Development Action Plan 2014-2019, published in 2014, set out twelve major goals. These are very much in line with the National Biodiversity Action Plan. The short term targets have already been met and mechanisms were put in place to ensure the continuation of the long term actions to protect and, where possible, enhance biodiversity.
When fuels are burned the usual products are carbon dioxide and water, and energy is released. Methane and natural gas produce the least amount of carbon dioxide for equivalent energy outputs. Another significant advantage of natural gas is that its combustion produces less particulates than liquid fuels, particularly diesel.
In Parentis-en-Born (France) a tomato growing company produces 7,500 tonnes of vine tomatoes per annum. The greenhouses are indirectly heated by hot water from the nearby Vermilion oil/gas facility. Without this heat source the greenhouses would have to be heated by combustion of oil or gas which would add to the cost of production. The whole operation supports 250 local jobs.