{"id":54,"date":"2022-07-22T21:27:40","date_gmt":"2022-07-22T21:27:28","guid":{"rendered":"https:\/\/vermilionenerg.wpengine.com\/ie\/?page_id=54"},"modified":"2023-08-08T17:00:21","modified_gmt":"2023-08-08T17:00:21","slug":"our-history-in-ireland","status":"publish","type":"page","link":"https:\/\/www.vermilionenergy.com\/ie\/about-us\/our-history-in-ireland\/","title":{"rendered":"Our History in Ireland"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"54\" class=\"elementor elementor-54\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-cb6ddc2 elementor-section-height-min-height elementor-section-items-bottom elementor-section-boxed elementor-section-height-default\" data-id=\"cb6ddc2\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a3d997e\" data-id=\"a3d997e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3e2952a text-left elementor-widget elementor-widget-tp-breadcrumbs-bar\" data-id=\"3e2952a\" data-element_type=\"widget\" data-widget_type=\"tp-breadcrumbs-bar.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"bread6a04b1f6a895b\" class=\"pt_plus_breadcrumbs_bar \"  \"><div class=\"pt_plus_breadcrumbs_bar_inner bred_style_1\"><nav id=\"breadcrumbs\"><span class=\"bc_home\"><a class=\"home_bread_tab\" href=\"https:\/\/www.vermilionenergy.com\/ie\/\"><i class=\" fa fa-home bread-home-icon\" ><\/i>Home<i class=\" fa fa-chevron-right bread-sep-icon\" ><\/i><\/a><\/span> <span class=\"del\"><\/span> <span class=\"current\"><div class=\"current_tab_sec\">Page<\/div><\/span><\/nav><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-771fc5d elementor-widget elementor-widget-heading\" data-id=\"771fc5d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Our History in Ireland<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b4b60eb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b4b60eb\" data-element_type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-66 elementor-top-column elementor-element elementor-element-925d557\" data-id=\"925d557\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-94068bb elementor-widget elementor-widget-heading\" data-id=\"94068bb\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Our History in Ireland<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fc48dd2 elementor-widget elementor-widget-text-editor\" data-id=\"fc48dd2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Ireland has long been an area of interest for Vermilion given its strong regulatory framework and stable fiscal regime. We are proud to have been involved with the Corrib gas project since 2009, when we acquired an 18.5% non-operated interest in the Corrib gas field, in partnership with Shell Exploration Company B.V. (45% operated interest) and Equinor (36.5% non-operated interest).<\/strong><\/p><p>On July 12, 2017, Vermilion and Canada Pension Plan Investment Board announced a strategic partnership whereby Vermilion expects to assume operatorship of the Corrib natural gas project and increase its ownership interest to 20%.<\/p><p>On November 29, 2021, Vermilion announced an agreement to acquire Equinor&#8217;s 36.5 % non-operated interest in Corrib, effective January 1, 2022.<\/p><p>Currently, Vermilion holds a 56.5% interest in Corrib, with CPPIB (Canada Pension Plan Investment Board) holding a 43.5% non-operated interest. Effective November 30, 2018, Vermilion assumed contract operatorship of Corrib on behalf of the joint venture partners.<\/p><p>Please see the\u00a0<a href=\"https:\/\/www.vermilionenergy.com\/invest-with-us\/press-releases\/press-release-detail\/?id=122698\" target=\"_blank\" rel=\"noopener\">July 12, 2017 news release<\/a> and <a href=\"https:\/\/www.newswire.ca\/news-releases\/vermilion-energy-inc-announces-corrib-acquisition-and-2022-budget-and-guidance-878464723.html\">November 29, 2021 news release<\/a> for more details.<\/p><p>Although our entrance as an operator into the Irish energy industry is relatively recent, Vermilion has been operating in Western Europe since 1997, when we acquired oil producing assets in France. We also have and participate in operations in the Netherlands (since 2004) and Germany (since 2014). As evidenced by our growth in the region, Western Europe has been, and will remain, a key area of focus for our company.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-f1abb5a elementor-hidden-tablet elementor-hidden-mobile\" data-id=\"f1abb5a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ac6b859 elementor-nav-menu--dropdown-tablet elementor-nav-menu__text-align-aside elementor-nav-menu--toggle elementor-nav-menu--burger elementor-widget elementor-widget-nav-menu\" data-id=\"ac6b859\" data-element_type=\"widget\" data-settings=\"{&quot;layout&quot;:&quot;vertical&quot;,&quot;submenu_icon&quot;:{&quot;value&quot;:&quot;&lt;i class=\\&quot;fas fa-caret-down\\&quot; aria-hidden=\\&quot;true\\&quot;&gt;&lt;\\\/i&gt;&quot;,&quot;library&quot;:&quot;fa-solid&quot;},&quot;toggle&quot;:&quot;burger&quot;}\" data-widget_type=\"nav-menu.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<nav aria-label=\"Menu\" class=\"elementor-nav-menu--main elementor-nav-menu__container elementor-nav-menu--layout-vertical e--pointer-none\">\n\t\t\t\t<ul id=\"menu-1-ac6b859\" class=\"elementor-nav-menu sm-vertical\"><li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-58\"><a href=\"https:\/\/www.vermilionenergy.com\/ie\/about-us\/\" class=\"elementor-item\">Overview<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1169\"><a href=\"https:\/\/www.vermilionenergy.com\/ie\/about-us\/our-values-principles\/\" class=\"elementor-item\">Our Values &amp; Principles<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1170\"><a href=\"https:\/\/www.vermilionenergy.com\/ie\/about-us\/our-history-in-ireland\/\" class=\"elementor-item\">Our History in Ireland<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1171\"><a href=\"https:\/\/www.vermilionenergy.com\/ie\/about-us\/our-people\/\" class=\"elementor-item\">Our People<\/a><\/li>\n<\/ul>\t\t\t<\/nav>\n\t\t\t\t\t<div class=\"elementor-menu-toggle\" role=\"button\" tabindex=\"0\" aria-label=\"Menu Toggle\" aria-expanded=\"false\">\n\t\t\t<i aria-hidden=\"true\" role=\"presentation\" class=\"elementor-menu-toggle__icon--open eicon-menu-bar\"><\/i><i aria-hidden=\"true\" role=\"presentation\" class=\"elementor-menu-toggle__icon--close eicon-close\"><\/i>\t\t<\/div>\n\t\t\t\t\t<nav class=\"elementor-nav-menu--dropdown elementor-nav-menu__container\" aria-hidden=\"true\">\n\t\t\t\t<ul id=\"menu-2-ac6b859\" class=\"elementor-nav-menu sm-vertical\"><li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-58\"><a href=\"https:\/\/www.vermilionenergy.com\/ie\/about-us\/\" class=\"elementor-item\" tabindex=\"-1\">Overview<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1169\"><a href=\"https:\/\/www.vermilionenergy.com\/ie\/about-us\/our-values-principles\/\" class=\"elementor-item\" tabindex=\"-1\">Our Values &amp; Principles<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1170\"><a href=\"https:\/\/www.vermilionenergy.com\/ie\/about-us\/our-history-in-ireland\/\" class=\"elementor-item\" tabindex=\"-1\">Our History in Ireland<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-1171\"><a href=\"https:\/\/www.vermilionenergy.com\/ie\/about-us\/our-people\/\" class=\"elementor-item\" tabindex=\"-1\">Our People<\/a><\/li>\n<\/ul>\t\t\t<\/nav>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Home Page Our History in Ireland Ireland has long been an area of interest for Vermilion given its strong regulatory framework and stable fiscal regime. We are proud to have been involved with the Corrib gas project since 2009, when we acquired an 18.5% non-operated interest in the Corrib gas field, in partnership with Shell [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":25,"menu_order":1,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-54","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Our History in Ireland - Vermilion Ireland<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vermilionenergy.com\/ie\/about-us\/our-history-in-ireland\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Our History in Ireland - Vermilion Ireland\" \/>\n<meta property=\"og:description\" content=\"Home Page Our History in Ireland Ireland has long been an area of interest for Vermilion given its strong regulatory framework and stable fiscal regime. 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