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Operational Review

Guidance

On October 30, 2017, we released our 2018 capital expenditure guidance of $315 million and associated production guidance of between 74,500-76,500 boe/d. On January 15, 2018, we increased our capital expenditure guidance to $325 million and production guidance to between 75,000-77,500 boe/d to reflect the post-closing impact of the acquisition of a private southeast Saskatchewan and southwest Manitoba light oil producer.  On April 16, 2018, we increased our capital expenditure guidance to $430 million and production guidance to between 86,000 to 90,000 boe/d to reflect the post-closing impact of the acquisition of Spartan Energy Corp. Budgeted capital spend by country is estimated to be:

Country

 2018 Capital budget ($millions)

Canada

 251

France

 73

Netherlands

 35

Germany

 14

Ireland

 1

Australia  22
USA  23
Central and Eastern Europe  11
Total E&D Capital Expenditures  430

First Quarter 2018 Operations Review

 

Three months ended

Production

MAR 31, 2018 DEC 31, 2017 MAR 31, 2017
Oil and Condensate (bbls/d) 27,008 27,830 26,832
NGL's (bbls/d) 5,126 5,279 2,694
Gas (mmcf/d) 228.20 238.27 210.07
Total Production 70,167 72,821 64,537

The following table summarizes production by country for the three months ended March 31, 2018:

Country Total (boe/d) Oil and condensate (bbls/d) NGL (bblS/d) Gas (mmcf/d)
Canada 32,078 9,272 5,106 106.21
France 11,037 11,037 - -
Netherlands 7,541 77 - 44.79
Germany 3,777 1,078 - 16.19
Ireland 10,144 - - 60.87
Australia 4,971 4,971 - -
USA 618 574 20 0.15
Total 70,167 27,008 5,126 228.20

For further detail on our capital activity by country please refer to our most current investor presentation.  

Vermilion Energy Inc.
3500, 520 3rd Avenue SW
Calgary, Alberta T2P 0R3
Phone: 1-403-269-4884
Fax: 1-403-476-8100
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