Vermilion initially entered Germany in 2014 through an acquisition of a non-operated interest in a four partner consortium. Germany had long been an area of interest for Vermilion given its strong regulatory framework, stable fiscal regime and established history of oil and gas production supported by extensive in-place infrastructure.
Although our entrance into the German energy industry is relatively recent, Vermilion has been operating in Western Europe since 1997 when we acquired oil producing assets in France. In addition to our operations in France, we also have and participate in operations in the Netherlands (since 2004) and Ireland (since 2009). As evidenced by our growth in the region, Western Europe has been, and will remain, a key area of focus for our company.
The following timeline details key milestones in the history of our German operations: