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

Germany Business Unit Production & Activity Review

Production

  • Q2 2017 production increased 3% from the prior quarter due to well optimization activities and 83% year-over-year due to production additions from the Engie Acquisition that closed December 2016

Activity review

  • Q2 2017 activity focused on the identification of optimization opportunities on the acquired assets.
  • In 2017, we plan to continue our ongoing analysis of the geologic data associated with the farm-in assets and to continue integration activities associated with the asset acquisition.  We will also continue permitting and pre-drill activities associated our first operated well in Germany, Burgmoor Z5 well (25% working interest) in the Dümmersee-Uchte area, which we plan to drill in 2018 or 2019. 

Please see our Q2 2017 Report for further information

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