Since our founding more than 20 years ago, Vermilion has been guided by our core values of Excellence, Trust, Respect and Responsibility. We believe that producing energy for the many people and businesses that rely upon it to meet their daily needs and sustain their quality of life is both a great privilege and a great responsibility.
Excellence. Trust. Respect. Responsibility. These four core values guide what we do and how we do it.
Our strong culture is the single most important factor in our long-term success.
Vermilion’s highest priority is conducting our business in a way that ensures the health and safety of our people and those involved directly or indirectly in our operations.
Vermilion focuses on a shared value approach to strategically investing in our communities. This is embodied in our company mission statement: to deliver superior rewards to investors, employees, partners and the communities in which we operate.
Since our founding more than 20 years ago, Vermilion has been guided by our core values of Excellence, Trust, Respect and Responsibility. We believe that producing energy for the many people and businesses that rely upon it to meet their daily needs and sustain their quality of life is both a great privilege and a great responsibility.
Excellence. Trust. Respect. Responsibility. These four core values guide what we do and how we do it.
Our strong culture is the single most important factor in our long-term success.
Vermilion’s highest priority is conducting our business in a way that ensures the health and safety of our people and those involved directly or indirectly in our operations.
Vermilion focuses on a shared value approach to strategically investing in our communities. This is embodied in our company mission statement: to deliver superior rewards to investors, employees, partners and the communities in which we operate.
We responsibly increased production (15% between 2018 and 2019) using a stable, long-term growth model. We updated our business model and growth targets in 2020 to realign with Vermilion’s long-standing core business principles, which place greater emphasis on balance sheet strength and capital discipline to generate strong returns. These changes have led to an increased focus on free cash flow generation and debt reduction, while supporting our key stakeholders: investors, staff, governments, communities and suppliers.
| Production | 59,979 boe/d |
| Staff | 524 |
| Net Revenue | $734 MM |
| Reserves | 300,889 Mboe |
| Production | 8,274 boe/d |
| Staff | 104 |
| Net Revenue | $111.4 MM |
| Reserves | 20,980 Mboe |
| Production | 10,467 boe/d |
| Staff | 158 |
| Net Revenue | $282.8 MM |
| Reserves | 59,692 Mboe |
| Production | 5,662 boe/d |
| Staff | 78 |
| Net Revenue | $184.5 MM |
| Reserves | 13,160 Mboe |
| Production | 2,531 boe/d |
| Staff | 38 |
| Net Revenue | $56.7 MM |
| Reserves | 59,296 Mboe |
| Production | 3,468 boe/d |
| Staff | 49 |
| Net Revenue | $52 MM |
| Reserves | 26,740 Mboe |
| Production | 7,762 boe/d |
| Staff | 88 |
| Net Revenue | $104.3 MM |
| Reserves | 17,774 Mboe |
Note: net revenues = sales less royalties | staff = employees + contractors | reserves = proved + probable
