Ireland
- 18.5% non-operated interest in the Corrib Gas Field
- Corrib Gas Field is forecast to supply up to 60% of Ireland's gas at peak supply
- Vermilion is committed to being a key contributor to Ireland's oil & gas industry
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Vermilion and its Corrib partners embarked on an accelerated work program during the third quarter to ensure that certain conditions related to the regulatory approvals were fully satisfied. Existing appeals in Ireland's commercial courts with respect to certain aspects of the regulatory approvals received for the Corrib project have recently been dismissed following a negotiated settlement between the complainants and state authorities. Vermilion and its Corrib partners continue preparations of the tunnelling site to enable construction and tunnelling work to begin in mid-2012, following which Vermilion and its Corrib partners should be able to provide more certainty on the expected timing of first gas.
View our Third Quarter 2011 Earnings Release
© 2011 Vermilion Energy Inc.