Our Value Chain
Vermilion’s operations influence an extensive value chain that connects energy resources with activities that are essential to our daily lives, including transportation, manufacturing and heating, thus contributing to the strength and resilience of the global economy, and supporting energy security for people and organizations in many areas where we have operations. 102-9
Our Value Chain: Definitions
Exploration | Supply | Production | Transportation | Product Use |
|---|---|---|---|---|
How we identify, analyze and develop new energy opportunities
| The external contractors, suppliers, materials and expertise we leverage throughout our processes for both traditional and alternative energy production, including geothermal and biogas | How we extract oil, gas, associated byproducts and geothermal heat from our operating properties, through the lifecycle from drilling & completion to production, cogeneration and reclamation
| How Vermilion transports and markets our products and byproducts, along with the subsequent transportation of those products to the end consumer
| The midstream and downstream refiners who are our customers, the manufacturers and consumers who use the resulting products, and the partners who benefit from our geothermal cogeneration projects
|
Exploration
Supply
Production
Transportation
Product Use
Value, Impact or Influence
Exploration | Supply | Production | Transportation | Product Use |
|---|---|---|---|---|
Our decisions about where to operate and how best to source energy offer job creation and economic assets for communities, while requiring strong safety and environmental protection and community capacity analysis | Our purchasing decisions, including our performance expectations of suppliers, have a strong influence on company and community safety, environmental impacts and economic success | We focus on the operational excellence of our people, processes and technology to maximize safety and environmental management and economic value; this includes the land reclamation stage of well life cycle management | This supports local energy security, job creation and economic success while potentially involving safety and environmental impacts, including pipeline, road and rail transport safety, waste transportation and disposal safety | The economic value, and the potential safety and environmental impacts, of our products are important to industrial, financial and consumer sectors, all of which rely on a stable and secure energy supply |
Focus of Operational Activity & Decision Making
Exploration | Supply | Production | Transportation | Product Use |
|---|---|---|---|---|
Internal to Vermilion, with external consultation | Both internal and external to Vermilion | Primarily internal to Vermilion, with external consultation | Primarily external to Vermilion | Primarily external to Vermilion |
Key Stakeholders, Listed by Degree of Impact 102-40
Exploration | Supply | Production | Transportation | Product Use |
|---|---|---|---|---|
Communities | Suppliers | Communities | Communities | Customer/end users |
Government | Employees | Investors | Partners | Investors |
Investors | Investors | Employees | Customers/end users | Government |
Employees | Communities | Partners | Investors | NGOs |
Partners | Government | Government | Media | |
NGOs | NGOs | NGOs | ||
Media |
Primary issues 102-44
(top three to five identified through stakeholder engagement and issues monitoring)
Exploration | Supply | Production | Transportation | Product Use |
|---|---|---|---|---|
Safety | Safety | Safety | Transport Safety | Safety |
Environment | Environment | Environment, including GHG Emissions | GHG Emissions | Stable Supply |
Community Relations | Efficiency | Community / Government Relations | Spills | Cost |
Regulation | Supply Chain Management | Staff Relations | Ethics | Regulation |
Governance | Efficiency | Stable Supply |