Vermilion holds a 56.5% operated interest in the Corrib natural gas field, offshore Ireland.
Production at Corrib commenced on December 30, 2015, and constitutes 100% of Ireland’s natural gas production.
The Corrib gas field is located approximately 83 km off the northwest coast of Ireland. Gas is transported to the Bellanaboy Bridge gas plant through 90km of pipeline where it is then processed prior to being delivered to the national grid. The Corrib project generates significant free cash flow for Vermilion given low operating costs and minimal ongoing capital expenditures requirements. Our main office is located in Dublin.
To learn more, visit our Vermilion Energy Ireland site.
In Canada, Vermilion is a key player in the highly productive Mannville condensate-rich gas play. In addition, we hold a dominant land position in the West Pembina Cardium resource play, in the Peace River Arch in British Columbia and Alberta and have a high-working interest position in southeast Saskatchewan. In the United States, Vermilion has a significant land position in the promising Turner Sand play in the Powder River Basin. Our North American assets represent approximately 60% of our total corporate production.
Vermilion’s European assets consist of onshore and offshore operations that deliver premium commodity pricing through Brent-priced light oil production and European natural gas prices trade at a significant premium to North American benchmarks. Our European assets contribute approximately one-third of total corporate production.
Vermilion holds a 100% working interest in the Wandoo field, offshore Australia. Vermilion’s Australian oil production receives premium pricing due to Brent-indexing and the strong, long-term, strategic relationships we have cultivated with our key customers in the region.