Vermilion
Vermilion
Vermilion
Australia

Australia

  • Vermilion operates the Wandoo field and offshore platform
  • Wandoo provides attractive ‘attic’ and ‘flank’ oil development opportunities
  • The exploitation plan aims to significantly extend the life of this field

Australia Business Unit Production & Activity Review

Production

  • Q2 2017 production decreased 8% quarter-over-quarter and was consistent with Q2 2016
  • Production volumes are managed within corporate targets while meeting customer demands and the requirements of long-term supply agreements.
  • We continue to plan for long-term production levels of between 6,000 and 8,000 bbls/d.

Activity review

  • Q2 2017 efforts were largely focused on facilities enhancement, including work relating to platform life extension.
  • Following our successful 2015 and 2016 drilling campaigns, we do not expect to drill any additional wells in Australia until 2019.
  • 2017 activity will be focused on adding value through asset optimization and targeted proactive maintenance.  

Please see our Q2 2017 Report for further information

 

Australia