Our Operations

In Ireland, Vermilion’s operations are exclusively focused in the Corrib gas field.  We believe that natural gas is a key component of the energy mix in Ireland, as it is the most environmentally friendly fossil fuel and allows for a secure, reliable and cost-effective supply of energy and provides significant benefits to the Irish economy.

In addition to energy security, the Corrib gas field provides:

  • Irish job creation and retention
  • Irish taxation revenue
  • Community investment programmes for local communities in Erris, County Mayo
  • Limits subsea surface area development footprint, versus other energy source options
  • May help to displace energy sources with higher CO2 footprints, such as coal
  • Vermilion holds an 56.5% interest in Corrib, with CPPIB (Canada Pension Plan Investment Board) holding a 43.5% non-operated interest. Vermilion has entered into an operating agreement with CPPIB.