Vermilion
Vermilion
Vermilion
Germany

Germany

  • 25% contractual participation interest in four partner consortium
  • Assets include four gas producing fields across 11 production licences
  • Positions Vermilion for future development and expansion opportunities in region

Vermilion in Germany

  • Vermilion entered Germany in February 2014.
  • Vermilion successfully integrated the December 2016 acquisition of operated and non-operated interests in five oil and three gas producing fields from Engie E&P Deutschland GmbH (“Engie Acquisition”).  Vermilion has assumed operatorship of six of the eight producing fields, representing our first operated producing properties in Germany.
  • Hold a 25% interest in a four partner consortium.  Associated assets include four gas producing fields spanning 11 production licenses as well as an exploration license in surrounding fields.  Total license area comprises 204,000 gross acres, of which 85% is in the exploration license.
  • Entered into a farm-in agreement in July 2015 that provides Vermilion with participating interest in 18 onshore exploration licenses in northwest Germany, comprising approximately 850,000 net undeveloped acres of oil and natural gas rights.  Vermilion will operate 11 of the 18 licenses during the exploration phase.
  • Awarded an exploration license in Lower Saxony in March 2017 comprising 150,000 gross acres (50,000 acres net to Vermilion) surrounding the operated oil fields acquired in December 2016.
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