Science & Technology in Action

Vermilion

Vermilion is an international energy producer that seeks to create value through the acquisition, exploration, development and optimisation of producing properties in North America, Europe and Australia. Its business model targets annual production growth, along with providing reliable dividends to investors.
Vermilion is targeting growth in production primarily through

    • 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