Vermilion Energy Inc. is Canadian-based, but it is actually an international company with operations in Australia, France, Ireland, the Netherlands, and Germany as well as in Western Canada. The company’s focus is on conventional light oil (it is not a player in the Oil Sands) and natural gas.
The Calgary-based company is targeting production of approximately 51,000 – 53,000 boe/d (barrels of oil equivalent per day) in 2015, which would represent growth of 25 per cent –to 30-per cent over 2013 levels. It expects to achieve this through the exploitation of both conventional and unconventional resource plays in Western Canada, including Cardium light oil and Duvernay liquids rich natural gas. Other growth factors include the exploration and development of high impact natural gas opportunities in the Netherlands and drilling and workover programs in France and Australia.