Exploration & Production | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Vermilion Hits Record Production in 2013 at 41,005 BOE/d
Print
|
Vermilion Energy Inc. has reported operating and audited financial results for the fourth quarter and year ended December 31, 2013 .
ProductionWe achieved record average annual production of 41,005 boe/d during 2013, an increase of 8% as compared to 37,803 boe/d in 2012. Approximately 75% of our year-over-year production growth was achieved organically through continued development of our Cardium and Mannville resource plays in Canada , and successful conventional drilling programs in France and Australia . The remaining 25% of production growth came from our December 2012 acquisition in France and our October 2013 acquisition in the Netherlands .
Strong operational and drilling execution underpinned our ability to deliver organic growth in production and reserves in each of our…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations