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Operational Review

Guidance

On October 31, 2016 we released our 2017 capital expenditure guidance of $295 million and associated production guidance of between 69,000 – 70,000 boe/d.  On July 26, 2017 we announced an increase in our capital expenditure guidance from $295 million to $315 million following the acceleration of 2018 activities in our Canadian business unit.  We also adjusted our 2017 production guidance on October 30, 2017 to 68,000 - 69,000 boe/d to reflect an extended downtime period following a plant turnaround at our Corrib asset in Ireland. 

We released our 2018 capital budget and related guidance on October 30, 2017.  Budgeted capital spend by country is estimated to be:

Country

2017 CAPITAL BUDGET ($MILLIONS)

 2018 Capital budget ($millions)

Canada

143

 136

France

71

 73

Netherlands

33

 35

Germany

10

 14

Ireland

 1

 1

Australia 30 22
USA 19 23
Central and Eastern Europe 8 11
Total E&D Capital Expenditures 315  315

Third Quarter 2017 Operations Review

 

Three months ended

Production

sep 30, 2017 jun 30, 2017 sep 30, 2016
Oil and Condensate (bbls/d) 27,687 28,525 27,842
NGL's (bbls/d) 4,947 3,821 2,478
Gas (mmcf/d) 208.63 209.36 199.66
Total Production 67,403 67,240 63,596

The following table summarizes production by country for the three months ended September 30, 2017:

Country Total (boe/d) Oil and condensate (bbls/d) NGL (bblS/d) Gas (mmcf/d)
Canada 31,499 9,288 4,891 103.92
France 10,918 10,918 - -
Netherlands 5,890 74 - 34.90
Germany 4,407 1,054 - 20.12
Ireland 8,173 - - 49.04
Australia 5,473 5,473 - -
USA 1,043 880 56 0.64
Total 67,403 27,687 4,947 208.63

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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