Vermilion
Vermilion
Vermilion
Ireland

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

Ireland Business Unit Activity Review

Production

  • Natural gas began to flow from our Corrib gas project on December 30, 2015 and production volumes reached full plant capacity of approximately 65 mmcf/d (10,900 boe/d), net to Vermilion at the end of Q2 2016.
  • Q1 2017 production increased 3% quarter-over-quarter due to reduced downtime and increased 91% year-over-year as Q1 2016 production volumes were restricted during the commissioning period that occurred in the first half of 2016.
  • Production results continued to benefit from better than expected well deliverability and minimal downtime.   

Activity review

  • There is limited capital activity planned for 2017.

Please see our Q1 2017 Report for further information