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Values Matter
Sustainability Report
Values Matter
2016 Sustainability Report

Performance Metrics

Economic Impact

ASPECT / Indicator Name20122013201420152016GRI
ORGANIZATIONAL SCALE
Financial
Gross petroleum and natural gas sales ($) 1,083,103 1,273,835 1,419,628 939,586  882,791   G4-9, EC1a
Canada 304,202 382,005 537,788 320,613  252,867  
France 388,410 453,315 431,252 281,422  246,863  
Netherlands 123,528 139,570 123,815 129,057 100,707   
Germany     41,962 41,384  29,049  
Ireland       57  109,156   
Australia 266,963 298,945 283,481 162,765  136,835  
United States     1,330 4,288  7,314  
Direct Economic Value Distributed, by Business Unit
Operating costs – total – excludes transportation, royalties and G&A ($ thousands) 178,442 195,043 232,307 225,938  222,185   G4-9, EC1a,b
Canada 55,418 55,804 76,178 89,085 71,543   
France 54,907 66,997 61,729 50,718 50,000   
Netherlands 19,149 20,617 24,041 22,746 20,796   
Germany     8,686 10,956 12,379   
Ireland       15  18,646  

Central & Eastern Europe

           
Australia 48,968 51,625 61,432 51,676  47,507  
United States     241 742 1,314   
Employee wages and benefits costs – total ($ M) 116,134 134,729 168,552 155,638 139,838    G4-EC1a,b
Canada 71,167 86,714 95,021 79,066 73,642   
France 17,672 19,945 24,948 22,419 19,216   
Netherlands 9,598 9,514 14,378 19,192 18,605  
Germany     681 3,787 3,850  
Ireland        0  
Central & Eastern Europe         5,136   
Australia 17,697 18,556 29,628 26,248 18,820  
United States     3,896 4,986 569  
Dividends declared ($ thousands) 223,717 242,599 272,732 283,575 299,070   G4-9, G4-EC1a,b
Interest payments 27,586 38,183 49,655 59,852 56,957   G4-EC1a,b
Taxes paid – total ($ thousands) 181,913 218,359 157,336 51,115 19,678  
Canada 1,582 1,403 1,420 1,091  1,097
Canada: Corporate taxes related to holding companies that pay current taxes in foreign jurisdictions. Corporate income tax for the Canadian business unit is $0.
France 63,006 94,524 66,901 23,764  2,867  
Netherlands 25,648 34,132 4,154 12,152  6,624  
Germany     44 0 0  
Ireland       0 0  
Central & Eastern Europe            
Australia – includes PRRT and corporate taxes 91,677 88,300 84,817 14,108  9,090  
United States      0 0  0  
Royalties paid – total ($ thousands) 52,084 67,936 108,000 65,920  54,284   EC1SS
        Canada 31,667 40,891 65,563 28,144  21,475  
France 20,417 27,045 28,444 26,958  27,091  
Netherlands 0 0 5,014 3,082 1,462   
Germany     8,613 6,479  2,089  
Ireland       0  0  
Central & Eastern Europe            
Australia 0 0 0 0  0  
United States     366 1,257  2,167  
Community investments – total (also see additional economic impact below) ($ thousands) 718 1,076 1,345 1,048  1,392
Restated: 2015 CI calculation error corrected
G4-EC1a,b
Canada 531 801 919 686 947 
Includes corporate program costs
France 117 188 189  158  109  
Netherlands 41 29 114  89  225
Direct contributions; not including leveraged contributions from our partners in the Municipal Linkage Program that began in 2016
Germany          9  
Ireland          0  
Central & Eastern Europe            
Australia 29 58 124  65  95  
United States       14  7  
Direct economic value distributed – total corporate  ($ thousands)

780,594

897,925

989,927

843,086

 793,404
Economic value retained restated as economic value distributed iaw G4-EC1a,b (operating costs, wages and benefits, dividends, interest, taxes, royalties and community investment)
Economic value distributed in Canada Business Unit

160,365

 185,613

239,101

 

198,108

 
 168,704  
Economic value distributed in France Business Unit

156,119

 208,699

182,211

 
 124,017

99,283

 
 
Economic value distributed in Netherlands Business Unit

54,436

 64,292  47,701  57,261  47,712  
Economic value distributed in Germany Business Unit    

18,024

 21,222  18,327  
Economic value distributed in Ireland Business Unit      

15

 18,646  
Economic value distributed in CEE Business Unit        

5,136

 
Economic value distributed in Australia Business Unit

158,371

 158,539

176,001

 
 92,097  75,512  
Economic value distributed in US Business Unit

 

 

4,503

 6,999  4,057  
ADDITIONAL ECONOMIC IMPACT
Days of Caring (DWH) – hours by employees 1,000 1,179 2,128 1,995  2,135   G4-EC1
Employee volunteer grant program: Vermilion donations ($) 14,500 22,358 46,188  40,138 58,855
Paid only to non-profit/charitable organizations
Employee volunteer grant program: Employee hours 1,392 4,831 8,875  9,079  11,714  
LBG corporate giving – total including external resources leveraged: ($) 964,173 1,310,226 1,624,122  1,348,415  1,530,016  
Small circle (cash contribution) ($) 553,733 860,708 1,063,220  789,688

1,040,189

 
 
Medium circle (additional direct support) ($) 163,862 214,738 282,244  258,117  352,132  
Big circle (external resources leveraged) ($) 246,578 234,780 278,659  300,610

137,695

 
 
Additional community investment not included elsewhere  – road safety ($) 70,000 140,000 44,100       
Assets, Debt and Equity
Net land position (acres)  1,807,024 2,207,800  2,539,700 2,734,045  6,158,614
2012/3: Canada, France, Australia, Netherlands, excludes Ireland

2014/5: Canada, France, Australia, Netherlands, Hungary, US. Excludes Ireland, Germany
G4-9
Common shares outstanding (millions)  (basic) 99.135 102.123  107.303 111.991  118.263  
Market capitalization ($ billions) 5.125 6.367 6.116  4.212  6.681  
Fund flows from operations ($ thousands) 557,728 667,526 804,865  517,167  510,791  
Fund flows from operations per basic share 5.69 6.61 7.63  4.71 4.41   
Fund flows from operations per diluted share 5.62 6.51 7.51  4.65 4.36  
Net earnings ($ thousands) 190,622 327,641 269,326  -217,302  -160,051  
Net earnings per basic share 1.94 3.24 2.55  (1.98)  (1.38)  
Capital expenditures ($ thousands) 452,538 542,726 687,724 486,861 242,408   
Acquisitions ($ thousands) 315,438 36,689 601,865  28,897 98,524   
Cash dividends per share 2.28 2.40 2.58  2.58  2.58  
Dividends as % of fund flows from operations, gross 40% 36% 34%  55%  59%  
Dividends as % of fund flows from operations, net 27% 26% 24%  25% 21%   
Long term debt  ($ thousands) 642,022 990,024 1,238,080  1,162,998 1,362,192  
Total shareholders’ equity  ($ thousands) 1,418,646 1,716,375 2,021,346  1,858,659 1,578,463   
Total assets ($ thousands) 3,076,257 3,708,719 4,386,091  4,209,220 4,087,184   
Total shareholder return 19.60% 24.60% -4.40%  -29.50% 57.10%   
Operations and Reserves
Number of operations (business units) 4 4 5 5
Seven business units; five operated
G4-9
Production (bbls/d) – crude oil 23,971 25,741 28,879 28,502 27,852  
Production (bbls/d) - NGLs 1,299 1,730 2,533  4,214 2,582   
Production (mcf/d) – natural gas 75,200 81,210 108,850  133,240 198,550  
Production (boe/d) – total 37,803 41,005 49,573  54,922 63,526   
Total proved + probable reserves, gross (MBOE) (Canada, France, Netherlands, Australia and United States; excludes Ireland and Germany) 143,695 174,453 212,518  227,102 290,122 
2012/3: Canada, France, The Netherlands, Australia. Excludes Ireland.

2014/5: Canada, France, The Netherlands, Australia, US. Excludes Ireland and Germany (non-operated).
2016: Includes all Business Units.
OG1

Financial Assistance Received from Government (e.g. tax relief/credits, subsidies, royalty holidays)

 0  0  0  0  0  

G4-EC4

 

Governance

ASPECT / Indicator Name20122013201420152016GRI
GOVERNANCE
Ratio of annual total compensation of highest-paid individual to median annual total compensation all employees; compensation includes base salary, bonus, Vermilion Incentive Plan, and allowances (e.g., holiday pay) 17.51 24.88  26.92 26.83 25   G4-54
Ratio of % change in CEO compensation to % change in employee median compensation from G4-54 NA 12.7:1 3.73:1  1.03:1 -16:1   G4-55
ETHICS
Requests for advice on ethical behaviour through corporate secretary 0 0 0 0 0   G4-57
Business conduct investigations 0 0 0 0   G4-58
Violations of rights 0 0 0 0    G4-HR8
Monetary value of fines for non-compliance with laws & regulations 0 0 0 0  

G4-SO8

Total number of concerns expressed via hotlines or whistleblower lines 0 0 0 0  

G4-57 

Political donations 0 0 0 0
See also ESTMA (EITI-compliant) report on government payments available on Vermilion website
 G4-SO6
Anti-corruption
Percentage of operations assessed for risks related to corruption 100 100 100 100 100   G4-SO3
Percentage of governance body communicated to on anti-corruption 100 100 100 100 100   G4-SO4
# and % of employees communicated to on anti-corruption 356 100 437 100 535 100 520 100 492 97
2012/3: Restated. Figures originally stated in 2013 Sustainability Report included employees and contractors. This figure has been revised to include employees only.

# and % of contractors communicated to on anti-corruption

                156 99  
# and % of business partners communicated to on anti-corruption * data not available; not formally tracked N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A  
# and % of governance body members trained on anti-corruption 8 100 8 100 9 100 12 100 11 100  
# and % of employees trained on anti-corruption 0 0 18 4 18 4 18 4 18 4
2014-2016 figures restated to include current staff who have previous anti-corruption training
Confirmed incidents of corruption 0 0 0 0 0 0 0 0 0 0   G4-S05

People

ASPECT / Indicator Name20122013201420152016GRI
People
Total staff (employees + contractors) 515 597  690  721 661
Growing use of the Workday People Information system since 2013 has enabled us to capture, verify and report significantly more People data year over year since our inaugural report. G4-23
G4-9
Staff by employment contract & gender M F M F M F M F M F   G4-10a,c,e
Employees 241 136 304 157  365 170  356 164 352 152  
Total employees 377 461 535 520 504  
Contractors 112 26 108 28 124  31  171 30 122 35  
Total contractors 138 136 155   201 157  
Permanent employees by employment type & gender M F M F M F M F M F   G4-10b
Full-time 240 134 303 152 362 163  350 153 343 142  
Part-time 1 2 1 5 3 6 11 9 10  
Total workforce by region and gender M F  M M M F M F   G410d
Canada 143 103 165 114 186  118  177 112 167 100  
Total  246  279  304  289 267  
France 109 41 125 46 137 50  152 47 123 48  
Total 150  171  187  199 171  
Netherlands 52 4 65 7 94 16  114 16 91 17  
Total  56  72  110 130 108  
Australia 54 9 62 13 62 13  65 15 63 15  
Total 63 75 75 80 78  
United States NA  NA  NA  NA 5 3 7 3 5 4  
Total NA NA 8 10 9  
Germany NA  NA  NA  NA 12 1 19 2  
Total NA NA 6 13 21  
Eastern & Central Europe NA  NA  NA  NA NA NA  NA NA 6 1  
Total NA NA NA NA 7  
Percentage of work performed by workers defined as self-employed 27% 23% 7% 6% 6%
2014: In 2012 and 2013 this figure included all contract workers. Beginning in 2014, this figure omits contract workers who are employed by an agency.
G4-10e
Significant variations in employment numbers (e.g. seasonal changes) None None  None None None   G4-10f
Percentage of employees covered by collective bargaining agreements 29% 29%  27% 28% 28%
2015:2015 restated to reflect total employees. 2016 includes collective agreements in FBU and GBU
G4-11
SOCIAL
Employment (based on full-time, permanent staff)
Number of new employee hires by age group, gender and region M F M F  M M F M F
2014: Reporting full-time (FTE=1), permanent new hires, including conversions from contingent workers to full-time, permanent. Does not include FTE < v1 permanent hires.
2015: Reporting full-time (FTE=1) and part time (FTE = 0.8 or 0.9), permanent new hires, including conversions from contingent workers to full time, permanent.
G4-LA1a
Canada: under 30 3 2 6 5 13 5 1 1 0 3  
Canada: 30-50 13 8 23 15 22 11 2 4 0 6  
Canada: over 50 4 5 4 4 5 9 2 1 1 0  
Australia: under 30 1 0 2 0 0 0 0 0  
Australia: 30-50 3 0 3 0 0 0 0 0  
Australia: over 50 1 0 0 0 0 0 0 0  
France: under 30 2 0 9 3 0 0 3 0  
France: 30-50 1 0 17 5 13  0 1 0 0  
France: over 50 1 0 1 0 0 0 0 0  
Netherlands: under 30 0 0 2 2 0 0 0 0  
Netherlands: 30-50 2 0 15 0 2 2 0 3  
Netherlands: over 50 1 0 2 0 1 0 0 0  
Germany: under 30 NA NA NA  NA 0 0 0 0 1  
Germany: 30-50 NA NA  NA  NA  3 0 0 1  
Germany: over 50 NA  NA  NA  NA  0 0 1 0  
United States: under 30 NA  NA  NA  NA  0 0 0 1  
United States: 30-50 NA  NA  NA  NA  3 0 0 0  
United States: over 50 NA  NA  NA  NA  0 0 0 0  
Central & Eastern Europe: under 30 NA  NA  NA  NA  NA  NA  NA  NA  0 0  
Central & Eastern Europe: 30-50 NA  NA  NA  NA  NA  NA  NA  NA  0 1  
Central & Eastern Europe: over 50 NA  NA  NA  NA  NA  NA  NA  NA  0 0  
Rate of new employee hires by age group, gender and region (%) M F M F  M M F M F
2012-2014: Used "total # staff" in denominator.
2015: Replaced with "total # employees" in denominator for consistency with AIF
Canada: under 30 38 22 38 36 58 36  5 11 0 43  
Canada: 30-50 17 14 25 21 20 17  2 7 0 11  
Canada: over 50 13 16 11 12 13 29  6 3 4 0  
Australia: under 30 33 0 40 0 70 0 NA 0 0  
Australia: 30-50 19 0 18 0 11 0 0 0 0  
Australia: over 50 90 0 0 0 10 0 0 0 0  
France: under 30 18 0 45 43 17 36  0 0 17 0  
France: 30-50 30 0 34 19 21 14  0 3 0 0  
France: over 50 30 0 30 19 2 0 0 0 0  
Netherlands: under 30 0 0 10 0 50 25  0 0 0 0  
Netherlands: 30-50 14 0 56 0 20 150  6 29 0 200  
Netherlands: over 50 30 0 25 0 32 40  7 0 0 0  
Germany: under 30 NA NA NA NA 0 0 NA NA 0 100  
Germany: 30-50 NA NA NA NA 13 50 60 0 0 67  
Germany: over 50 NA NA NA NA 0 0 NA NA 200 0  
United States: under 30 NA NA NA NA 0 0 NA NA 0 100  
United States: 30-50 NA NA NA NA 200 200 100 0 0 0  
United States: over 50 NA NA NA NA 200 200 0 0 0 0  
Central & Eastern Europe: under 30 NA  NA  NA  NA  NA  NA  NA  NA  0 0  
Central & Eastern Europe: 30-50 NA  NA  NA  NA  NA  NA  NA  NA  0 100  
Central & Eastern Europe: over 50 NA  NA  NA  NA  NA  NA  NA  NA  0 0  
Employee turnover numbers by age group, gender and region M F M F M F M F M F   G4-LA1b
Canada: under 30 0 2 3 1  2 1 3 3 7 0  
Canada: 30-50 10 5 6 8 3 4 6 7 7 13  
Canada: over 50 4 3 1 10  1 2 8 5 28 20  
Australia: under 30 0 0 0 0  2 0 0 0 0  
Australia: 30-50 1 0 5 0  1 1 0 0 0  
Australia: over 50 0 0 1 0  1 2 0 0 0  
France: under 30 0 0 1 0  1 0 0 0 0  
France: 30-50 2 0 5 1  1 0 0 2 0  
France: over 50 2 0 4 0  2 3 1 3 0  
Netherlands: under 30 1 0 0 0  0 0 0 0 0  
Netherlands: 30-50 0 0 0 0  3 2 0 16 67  
Netherlands: over 50 2 0 0 0  1 0 0 14 0  
Germany: under 30 NA NA NA NA NA NA 0 0 0 0  
Germany: 30-50 NA NA NA NA NA NA 0 0 0 0  
Germany: over 50 NA NA NA NA NA NA 0 0 0 0  
United States: under 30 NA NA NA NA NA NA 0 0 0 0  
United States: 30-50 NA NA NA NA NA NA 0 0 3 0  
United States: over 50 NA NA NA NA NA NA 0 0 0 0  
Central & Eastern Europe: under 30 NA  NA  NA  NA  NA  NA  NA  NA  0 0  
Central & Eastern Europe: 30-50 NA  NA  NA  NA  NA  NA  NA  NA  0 0  
Central & Eastern Europe: over 50 NA  NA  NA  NA  NA  NA  NA  NA  0 0  
Employee turnover rate by age group, gender and region (percent, based on an average of the total numbers in each category, in accordance with industry standard) M F M F M F M F M F  
Canada: under 30 0 21 25 9 12 10  16 32 7 0  
Canada: 30-50 13 9 7 13 3 6 12 7 13  
Canada: over 50 13 10 3 31 3 25 14 28 20  
Australia: under 30 0 0 0 0 40  0 NA 0 0  
Australia: 30-50 7 0 30 0 6 5 0 0 0  
Australia: over 50 0 0 9 0 10 20 0 0 0  
France: under 30 0 0 6 0 5 14  0 0 0 0  
France: 30-50 5 0 12 4 2 0 0 2 0  
France: over 50 6 0 11 0 6 9 14 3 0  
Netherlands: under 30 0 0 0 0 0 0 0 0 0  
Netherlands: 30-50 0 0 0 0 13 50  6 0 16 67  
Netherlands: over 50 44 0 0 0 12 0 0 14 0  
Germany: under 30 NA NA NA NA NA NA NA NA 0 0  
Germany: 30-50 NA NA NA NA NA NA 0 0 0 0  
Germany: over 50 NA NA NA NA NA NA NA NA 0 0  
United States: under 30 NA NA NA NA NA NA NA NA 0 0  
United States: 30-50 NA NA NA NA NA NA 0 0 3 0  
United States: over 50 NA NA NA NA NA NA 0 0 0 0  
Central & Eastern Europe: under 30 NA  NA  NA  NA  NA  NA  NA  NA  0 0  
Central & Eastern Europe: 30-50 NA  NA  NA  NA  NA  NA  NA  NA  0 0  
Central & Eastern Europe: over 50 NA  NA  NA  NA  NA  NA  NA  NA  0 0  
Total turnover rate globally     5.3%  8.0% 7.2%
2014 and 2015 formula corrected
Net employment creation, permanent employees 15 72 109 -18 -16   G4-LA1
Parental Leave (includes Maternity, Paternity and Parental Leaves)  M F M F M F M F M F
All Vermilion employees who experience the birth or adoption of a child are eligible for maternity, paternity and parental leave in accordance with local legislation
G4-LA3
Proportion of employees entitled to parental leave % 100 100 100 100 100 100 100 100 100 100  
Total proportion of employees entitled to parental leave %  100  100 100 100 100  
Number of employees who took parental leave 1 4 1 9 6 16 5 4 7 5  
Total number of employees who took parental leave  5  10  22  9 12  
Number of employees who returned to work after end of parental leave 1 3 1 9  6 9 5 6 7 5  
Total number of employees who returned to work after end of parental leave M F M F M F M F M F  
Total 4 10  15 11 12  
Rate of employees who returned to work after end of parental leave 100 75 100 100 100 56 100 100 100 100  
Number of employees still employed 12 months after end of parental leave                 5 5  

Retention rate of employees still employed 12 months after end of parental leave

                100 100
Retention rate new in 2016
Training and Education  M M F M F M F M F  
Hours of Training 3419.5 2471.3 4297.0 3447.2 12074.0 3917.8 6,054 1,823 7,363 1,550  
Total 5890.8  7744.2 15991.8 7877.0 8,913  
Average Hours of Training per employee 14 18 14 22 33 23 17 11 21 10
Calculations restated 2014-2015 to reflect average hours per total permanent employee
Average Hours of Training - Total Employees 16 17 30 15 18
Decrease in training hours reflects economic conditions; priority on continuing HSE training for all staff
Administration Staff Hours of Training 939.9 1632.0 1051.0 2205.8 1155.5 2872.8 479 1,362 575 900  
Production Staff Hours of Training 2479.6 839.3 3246.0 1241.3 10918.5 1045.0 5,575 462 6,787 650  
Administration Staff Average Hours of Training 17 20 5 37 17 22 18 18 8 8
2014 and 2015 average based on training hours per employee trained. 2016 calculation changed to per employee total.
Production Staff Average Hours of Training 34 10 13 23 32 26 36 23 24 20  
Percentage of employees who received a regular performance and career development review  M  F M F M F M F  
 %         92.6% 93.5% 94.0% 96.8% 95% 90%  
Total  NA  44.0%  92.9% 94.9% 90%  

Safety

ASPECT / Indicator Name20122013201420152016GRI
Occupational Health and Safety
Total number of workers represented by HSE committees 515 597 690 721 661
Restatement of previous year information based on definition below
G4-LA5
Percentage of workers represented by HSE committees 100 100 100 100 100
Where our business units are required to have formal joint worker-management committees, we have them; where this requirement does not exist, we provide direct employee-employer engagement on HSE matters, aided by our fair culture policies, HSE field meetings with all staff and quarterly HSE Leadership meetings with Senior Management and HSE advisors from all business units

Total recordable injury frequency per 200,000 hours (worldwide)

0.97 1.11 1.45 0.98 1.07
*note that for all OH&S metrics, we are reporting male and female statistics together
G4-LA6c

Total recordable injury frequency per 1,000,000 hours (worldwide)

        5.33    
Types of injury – all staff (permanent or fixed term)
*defined using CAPP definitions for Lost Time, Restricted/Modified Work or Medical Aid
LT RW MA LT RW MA LT RW MTI LT RW MTI F LT RW MA   G4-LA6a
Canada  (not including D&C) 0 0 1 0 0 0 0 0 0 0 0 0 0 1  
Total 1 0 1 0 1  
         France  (not including D&C) 0 0 0 2 0 0 0 0 0 0 0 0 0 0  
Total 0 2 0 0 0  
Netherlands  (not including D&C) 0 0 0 0 0 0 0 0 0 0 0 0 0  
Total 0 0 0 0 0  
Australia  (not including D&C) 0 0 0 0 0 1 0 0 0 0 0 0 0  
Total 0 1 2 0 0  
United States  (not including D&C)              0  0  0  0  0 0 0 0 0  
Total     0 0 0  
Injury rate – all staff (permanent or fixed term)         0  
Canada .0000012 .0000032 0.0000019 0 0  
        France 0 .0000085 0 0  
Netherlands 0 0 0 0  
Australia     0 .0000072 0.0000140  0 0  
United States     0 0 0  
Lost day rate – all staff (permanent or fixed term)            
Canada   0.0001432 0 0 0  
France   0.0005633 0 0 0  
Netherlands   0 0 0 0  
Australia   0 0.00000631 0 0  
United States     0 0 0  
Lost Days (iTrak)       0 0  
Canada       0 0  
France       0 0  
Netherlands       0 0  
Australia       0 0  
United States       0 0  
Total Workforce Hours (Emp & Permanent Contractor)         869,750

993,804

 
Canada 0 0.0001432 0

510,232

483,968

 
         France 0 0.0005633

122,968

295,988

 
Netherlands 0 0

110,118

123,808

 
Australia 0 0 0.0000063 

107,752

72,080

 
United States     0

18,680

17,960

 
Absentee rate – all staff (permanent or fixed term) *defined as staff on long-term disability divided by total staff; other measures of absenteeism have not been tracked consistently across business units N/A 0.5 0.3 0.7 0.03
"2012-2015: staff on long-term disability divided by total staff, based on available data 2016: data improvement: absentee lost days due to S&LTD and sick leave divided by total days available for all permanent staff"
Work-related fatalities – all staff (permanent or fixed term) 0 0 0 0 0  
Types of injury – contractors *defined using CAPP definitions for Lost Time, Restricted/Modified Work or Medical Aid LT RW MA LT RW MA LTI RW MTI LTI RW MTI F LT RW MA   G4-LA6b
Canada (including D&C) 3 1 6 2 1 5 4 4 5 0 3 3 0 0 2 0  
Total     13 6 2  
         France (including D&C) 0 1 1 1 0 1 5 1 1 3 1 1 1 1 0 1  
Total     7 5 3  
Netherlands (including D&C) 0 1 1 0 3 0 1 2 1 0 1 1 0 2 1 3  
Total     4 2 6  
Australia (including D&C)    0 0 0 1 1 1 0 0 2 2 0 0 0 0 0 0  
Total     2 2 0  
United States (including D&C)              0  0  0  0  0 0 0 0 0  
Total     0 0 0  
Contractors Hours Worked  2,251,117  2,484,014

2,879,054

 2,184,682

1,259,127

 
Canada (including D&C)

1,570,222 

 1,745,928

1,813,901

 1,163,403  466,631  
France (including D&C)

501,388

 523,872  764,845  575,000  461,500
2014 and 2015 restatement required due to change in hour estimation methodology for FBU to more representative method
Netherlands (including D&C)

132,395

 131,784

257,798

 258,189  205,377  
Australia (including D&C)

47,112

82,430

41,184 

 117,020  47,604  
United States (including D&C)

 

 

1,326

71,070 

 78,015  
Injury rate – independent contractors *defined as injuries relative to the total time worked by the total workforce in the reporting period      0.00000903

0.00000687

0.00000874

 
Canada .0000065 .0000044 0.0000072 0.0000052

0.00000429

 
        France .0000040 .0000038 0.0000100 0.0000288

0.00000650

 
Netherlands .0000151 .0000228 0.0000155 0.0000077

0.00002921

 
Australia     0 .0000364 0.0000486 0.0000171 0  
United States     0 0 0  
Lost Days     103 238 67.5  
Canada     17 0 0  
France     47 233 38  
Netherlands     14 0 29.5  
Australia     25 5 0  
United States     0 0 0  
Lost day rate – independent contractors *defined as total lost days compared to the total number of hours scheduled to be worked by the total workforce in the reporting period            
Canada 0.0001535 0.0000580 0.0000094 0 0  
         France 0 0.0001966 0.0000673

0.000405217

0.00008234

 
Netherlands 0 0 0.0000543 0

0.00014364

 
Australia 0 0.0003397 0.0006070   0.0000427 0  
United States     0 0 0  
Absentee rate – independent contractors *current system does not track absentee days for independent contractors, so this figure cannot be calculated Not tracked Not tracked Not tracked Not tracked Not Tracked  
Workers involved in occupational activities who have a high incidence or high risk of specific diseases, worldwide 0 0 0 0   G4-LA7

Environment

ASPECT / Indicator Name20122013201420152016GRI
ENVIRONMENTAL
*For complete methodologies, refer to Vermilion CDP submission. Vermilion uses the following protocols to calculate Scope 1 and 2 emissions: Australia: National Greenhouse and Energy Reporting Act Compendium of Greenhouse Gas Emissions Methodologies for the Oil and Natural Gas Industries, 2009, American Petroleum Institute France : Arrêté du 31 janvier 2008 relatif au registre et à la déclaration annuelle des émissions polluantes et des déchets For global warming potentials: Environment Canada, Fourth Assessment Report, 2007
Energy
Energy consumption within the organization, in GJ, all non-renewable *Scope 1: includes natural gas, propane liquid, diesel fuel and vehicle fuel. 2,724,115 2,758,361 3,012,091 2,970,235 2,869,053   G4-EN3
Canada 1,897,339 1,977,236 2,130,186 2,022,377  1,939,422  
France 7,062 26,016 35,351 19,925  25,136
Increased Drillings & Completions/Workover
Netherlands 31,897 31,248 33,842 14,148  50,336
More robust reporting
Australia 787,817 723,861 811,060 793,525 743,563   
United States NA NA 1,652 120,259 110,596   
Energy consumption outside the organization, in GJ, all non-renewable *Scope 2, all electricity, conversion: 1 MWh=0.2777 Gj 1,011,274 972,957 1,022,429 1,198,584  858,091   G4-EN4
Canada 169,481 169,481 181,438 223,557 238,787   
France 531,306 562,861 551,298 656,877 606,370   
Netherlands 309,853 239,749 287,681 313,423 8,590 
Renewable energy purchase program
Australia 642 867 695 772  787   Line 150: G4-EN5
United States NA NA 1,317 3,955 3,556   
Energy intensity ratio – oil & gas production (Gj/boe) 0.34 0.32 0.22 0.21  0.16
Renewable energy purchase program
Total amount invested in renewable energy  $140,000 $140,000 $147,000 $42,600  $434,385
2012 & 2013: Cost to establish the geothermal system for the tomato greenhouse heating in Parentis, from its inception, annual breakdown not available, assumed split between 2012 and 2013.

2014: Costs to date related to geothermal pilot project in the NBU.
2015: NBU geothermal pilot: 30,000E
OG2
Canada 0 0  0  $42,600  0  
France  $140,000 $140,000  $147,000   0  0  
Netherlands 0 0  0  0 $434,385 
Investment in geothermal development
Australia 0 0  0  0  0  
United States  NA NA   0  0  0  
Total amount invested in renewable energy as % of capital expenditure
*Capex 2012 = $452,538,000
*Capex 2013 = $542,726,000
*Capex 2014 = $687,724,000
*Capex 2015 = $486,861,000
.03 .03  0.02 0.01 0.2  
Renewable energy and GHG emissions avoided GHG emissions avoided: *Basis of metric: Tomato greenhouse in Parentis, France. Based on 10,000 tonnes of CO2e not generated per annum assuming electricity would have been used to heat the greenhouse, and using a France Grid Intensity Factor of 0.08 kg CO2/kWh 125,000 125,000  125,000 125,000 125,000   OG3, OG4, OG5
Total amount of renewable energy generated by source (in MWh): *Actual energy content transferred NA NA NA 31,380 32,800 
Data became available from our partner in 2015
Canada NA  NA NA  0  0  
France NA  NA NA   31,380  32,800   
Netherlands NA  NA NA   0  0  
Australia NA NA NA   0  0  
United States NA NA NA   0  0  
Water 
Total water withdrawal by source, (all, m3) 996,415 819,523 1,091,587 881,029  738,445    G4-EN8
Canada NA NA 227,323 92,044  30,835 
 
France NA NA 681,734 563,201  478,374  
Netherlands NA NA 30 0  30  
Australia NA NA 182,500 207,500 207,500   
United States NA NA 0 18,284 21,706   
Surface water, including wetlands, rivers, lakes, oceans 348,961 313,262 302,053  233,165 223,221  
Canada NA NA 119,553 25,665 6,659 
Decreased development activity
France NA NA 0 0 0  
Netherlands NA NA 0 0 0  
Australia NA NA 182,500 207,500  207,500  
United States NA NA 0  0  9,062  
Groundwater 640,854 490,410 755,873 630,537 499,671   
Canada NA NA 101,401 61,858  23,967
Decreased development activity
France NA NA 654,442 550,395 463,152   
Netherlands NA NA 30 0 30   
Australia NA NA 0 0  0  
United States NA NA 0 18,284 12,522   
Municipal water supplies or other water utilities 6,600 15,851 33,661  14,455 35,669   
Canada NA NA 6,369 1,649 210
Decreased development activity
France NA NA 27,292 12,806 15,222  
Netherlands NA NA 0 0  20,115
Improved reporting
Australia NA NA 0 0 0  
United States NA NA 0 0 122 
Improved reporting
Total number of water sources significantly affected by withdrawal of water 0 0 0 0   G4-EN9

Volume of water withdrawn in water stressed or water limited areas

0 0 0 0 0  
Total volume of water recycled and reused = reduction in water use 0 7,400 21,934  2,872 16,016   G4-EN10
Canada NA NA 0 0  0
2015: We changed our completion program in 2014, which allowed for a significant increase in water reuse; reductions in 2015 reflect a significantly smaller completions program.
France NA NA 0 0  0  
Netherlands NA NA 0 0  16,016  
Australia NA NA 0 0  0  
United States NA NA 0 0  0  
Total percentage of water recycled and reused 0 0.9% 2%  0.33%  2%  
Canada NA  NA  NA  0 0  
France NA  NA  NA   
Netherlands NA  NA  NA   
Australia NA  NA  NA   
United States NA  NA  NA  
Emissions
Gross direct (Scope 1) GHG emissions, operational control & equity 288,781 310,285 514,553 430,531  355,746
Restate: 2014 data (Increase) reflects updated methodology
G4-EN15a
CO2 Scope 1 emissions (CO2, excluding CH4 and N2O) 212,933 220,538 383,586 333,643 283,618    SS
Canada 112,000 110,066 235,228 187,921  126,429
2014 acquistion of Sask assets, followed by improving infrastructure to reduce emissions
France  24,303 37,981 59,276 48,525  50,238   
Netherlands 35,741 33,432 41,795 43,721 52,159    
Australia  40,889 39,059 45,822 46,013  40,783   
United States  NA  NA 1,466  7,464  14,009 
Increased production
Methane, in tCO2 75,848 89,747 130,713 96,625  71,890   
Canada  45,688 57,513 94,241  56,672 32,948
2015 restatement for consistency with updated 2016 quantification methodology
France  5,244 10,055  10,961 12,852 10,565 
Decrease due to replacement of flare with incinerator
Netherlands  8,965 8,851 8,711 9,436 10,419   
Australia  15,951 13,327 16,727 17,294 16,959   
United States NA NA 74  371 998
Increased production
Nitrous Oxide (N2O) - tCO2e Not tracked Not tracked 253 263 237   
Canada Not tracked  Not tracked   52 50 50  
France Not tracked  Not tracked 109 118 113  
Netherlands Not tracked Not tracked 0 0  
Australia Not tracked Not tracked  92  96 66
Reduction in diesel consumption
United States Not tracked Not tracked  0.00  0.005 7  
Hydrofluorocarbons Not tracked Not tracked Not tracked  Not tracked  Not tracked  
Perfluorocarbons Not tracked Not tracked Not tracked Not tracked  Not tracked  
Sulfur hexafluride Not tracked Not tracked Not tracked Not tracked  Not tracked  
Gross indirect (Scope 2) GHG emissions CO2e 85,223 79,309 73,410 96,600  69,318   G4-EN16
Canada      41,006.79  48,899.59 60,064  
France     12,251.06 7,619.15 7,560  
Netherlands      19,908.05  39,630.79 1,271
Decrease due to renewable energy purchase program beginning in January 2016
Australia      151.00 162.93 166  
United States      93.15  287.88 257  
Gross other indirect (Scope 3) GHG emissions 2,839 9,860 2,997,538 7,858,296 7,697,489 
Increase due to revision of Scope 3 quantification methodologies
G4-EN17
Biogenic CO2 Scope 3 emissions 0 0  0  0  0  
Estimated scope 3 associated with end use of products Not applicable Not applicable 2,250,071 7,160,865  7,010,867
Increase due to revision of Scope 3 quantification methodologies
SS
GHG emissions intensity, O&G production, Scope 1, CO2e per barrel of oil equivalent 0.0209 0.0207 0.028  0.0226 0.015    G4-EN18SS
GHG emissions intensity, O&G production, Scope 2 CO2e per barrel of oil equivalent 0.0062 0.0053 0.004  0.0051 0.003   
Emissions of ozone-depleting substances 0 0 0   G4-EN20
NOx, SOx and other significant air emissions, broken down by gas all for production, except SO2 Not currently tracked Not currently tracked 2,847 544 695    G4-EN21
NO2     0 0 20  

G4-EN17

 
Canada     Not tracked Not tracked Not tracked
Estimated to be non-significant in our operations
 
France     Not tracked Not tracked 15    
Netherlands     Not tracked Not tracked 6    
Australia     Not tracked Not tracked 0    
United States     Not tracked Not tracked 0    
SO2 Not tracked Not tracked 2,847 544 675    G4-EN17
Canada      1970.63 181.2412782 364 
Change in calculation methodology
France      876.03 363.0802191 300 
2015 flare replaced by incinerator
Netherlands     0 0  
Australia     0 0  
United States     0 0 10 
Change in calculation methodology
Effluents and Waste
Total water discharge by quality and destination m3 275,299 7,665,326 7,776,122 8,212,284

8,372,121

 
  G4-EN22
Canada     95,661 33,616 7,479 
Decreased activity plus focus on waste management
France     1,596  454 143   
Netherlands     5,835 3,274 6,830   
Australia   7,530,821  7,673,030 8,156,657 8,343,820   
United States      0  18,284 13,850 
Water from drilling/ completions would be disposed of via deep well injection.
Total weight of waste by type and disposal method, metric tonne 87,189 114,226.86 113,881 82,143 58,726    G4-EN23
Canada     112,658 50,170 21,624 
Decrease in activity
France     162 8,420 2,644   
Netherlands     114 4,501 18,909   
Australia     0 450 1,700   
United States     948 18,602 13,850   
Reuse 0 7,400 21,935 78 114 
2014: We changed our completion program, which allowed for a significant increase in water reuse.
Canada     21,934 0  
France     0 0  
Netherlands     0 24 24   
Australia     1 54 90   
United States     0 0  
Recycling 36 13.48 107  2,855 16,247   
Canada     25 43  13  
France     29 2,091 170   
Netherlands     12 664 16,016   
Australia     42 58 49   
United States     0 0  
Recovery, including energy recovery 1,551        
Incineration     6,276  3,396 6,662   
Canada         3,771   
France     3,000 1,303 139   
Netherlands     3,276 2,094 1,580   
Australia         1,172   
United States          
Deep well injection 46,026 3,649 74,323  49,506 21,329 
2014: Increase due to change in reporting methodology.
Canada     74,323 31,223 7,479   
France          
Netherlands          
Australia          
United States       18,284 13,850   
Landfill 27,721 33,015 34,908 20,137 10,284   
Canada     34,860 13,511 6,457 
Reduction due to decreased activity level
France       4,573 2,179   
Netherlands       1,715 1,259   
Australia     48 338 389   
United States          
On-site storage 0 0 90  
Canada       90  
France          
Netherlands          
Australia          
United States          
Other – Oilfield Waste Processing 11,855 70,150 4,679 6,081  4,091  
Canada     3,451 5,304 3,905   
France     280 454 156   
Netherlands       5 30   
Australia          
United States     948 318  

Total number and volume of significant spills
*No significant spills requiring reporting in financial statements in 2012-2016

78 137 119  188 145 
Increase in 2015 reflects increase in reporting associated with maturity of our HSE program
G4-EN24

Canada

      99 81    

France

      56 39    

Netherlands

      24 15    

Australia

      6 7    

United States

      3 3    
Volume of Spills, m3 78 137 119  182 179
Increase in 2015 reflects increase in reporting associated with maturity of our HSE program
 

Canada

      130 164    

France

      23 8    

Netherlands

      26 6    

Australia

      2 0    

United States

      0.2 2    
Weight of hazardous materials transported across international borders 0 0 0 0  0   G4-EN25
Water bodies significantly affected by discharges of water & runoff 0 0 0 0   G4-EN26
Total volume of produced water (m3) 1,559,854 1,599,692 23,156,436 24,457,667 24,545,576 
Data capture improvment in 2014
OG5
Canada   1,599,692 2,040,024 2,524,903  2,305,947  
France     13,414,954 13,605,896

13,814,729

 
Netherlands     12,736 100,598

16,628

No 2016 production of large water producing well
Australia   7,530,821 7,673,030 8,156,657

8,343,820

 
United States     15,692 69,612

64,452


Full operated year
Volume and % of produced water by disposal method: 67% 67% 67% 67%  66%
2012-2014 restated to 67% to better reflect water discharged to sea in Australia
Reused, m3 0 0 0 0 0  
Canada 0 0 0 0 0  
France 0 0 0 0 0  
Netherlands 0 0 0 0 0  
Australia 0 0 0 0 0  
United States 0 0 0 0 0  
Recycled, m3 0 0 5,096 15,076 9,519  
Canada 0 0

5,096

15,076

0  
France 0 0 0 0 0  
Netherlands 0 0 0 0

9,519

 
Australia 0 0 0 0 0  
United States 0 0 0 0 0  
Reinjected (m3) 1,559,854 1,599,692 15,478,310 16,285,934 16,195,170 
2013: Reported figure is for Canada only.

2014: Reported figure is for all operated business units.
Canada  1,559,854  1,599,692  2,040,024  2,524,903  2,308,880  
France      13,414,954 13,605,896 13,814,729   
Netherlands      7,640  85,522 7,109   
Australia      NA    
United States     15,692 69,612 64,452   
Total volume of hydrocarbon discharged within produced water (tonnes) 242 244 113 275 131   
Canada     0 0  
France     0 0  
Netherlands     0 165 27   
Australia *This discharge comes from the produced water released to the sea in Australia and is within our operating approval volume     113 110 104   
United States     0 0  
Volume of continuously flared hydrocarbon by business unit: (m3) 15,032.79 17,891.39 71,683 54,405 29,266 
2014 acquistion of Sask assets, followed by improving infrastructure to reduce venting and flaring
OG6
Canada 2,173 3,137 46,884.90 34,999.90 8,168 
2015: Reduction due to reduced flaring in SK
Australia 734 293 512.80 442.50 263
Gas cap management
France  11,347 14,108 22,284.70 17,472.14 16,564
2015:Part of reduction attributed to the reduction in flaring as a result of gas sales to Sobegi from Vic Bihl
Netherlands 779 354 1,771.42 371.48 344
2014: Increase due to an acquisition in the NBU.
United States NA NA 230.47 1,118.63 3,927
Increased production
Volume of continuously vented hydrocarbon by business unit: (m3) 2,861.71 3,818.12 3,583.11 3,714.03 2,941   
Canada 864 1,069 1,155.70 1,007.00 645   
Australia 1,166 1,088 796.39 1,196.81 1,180  
France 100 953 963.45 1,184.58 840  
Netherlands 732 709 381.21 303.06 196   
United States NA NA 286.36 22.57 79   
Volume vented and flared in relation to volume of O&G produced (e3m3/BOE) 0.00130 0.00145 0.00420 0.0029 0.00139 
2014 figure restated to align methodologies consistently

Amount of drill mud & cuttings produced using non-aqueous drilling fluid, by disposal method: onshore disposal to controlled sites

 

Total - Tonne 

Canada only: 14,085 m3 onsite 2,252 t landfill NBU: 0 Canada & France: 18,844 t landfill 23,822.57 9,357.84 4,950 
2015: Increased data available
Canada       8,350.87 3,746   
France       0.00  778  
Netherlands       689.00  426  
Australia       0.00  0  
United States       317.97  0  

Amount of drill mud & cuttings produced using aqueous drilling fluid, by disposal method: onshore disposal to controlled sites

 

Total - Tonne

Canada only 14,085 m3 onsite 2,252 t landfill NL: 0 Canada & France: 5,273 m3 onsite 6,701 t landfill 7,562.58 4,337.13 6,182 
2015: Increased data available
Canada       2,562.13 2,509  
France       0.00 2,200  
Netherlands       1,775.00  875  
Australia       0.00  0  
United States       0.00 598   
Volume of Non-Aqueous drilling fluid re-used at another location (I.e. recovered and transported invert). New in 2015 New in 2015 New in 2015 2,192.00 824 
2015: Increased data available
Canada       2,192.00 611   
France       0.00  
Netherlands       0.00 213   
Australia       0.00  
United States       0.00  
Amount of drill mud & cuttings produced using aqueous drilling fluid, by disposal method: disposal at Vermilion controlled location (Onsite/Remote Sump) - Tonne New in 2015 New in 2015 New in 2015 443.64 1,760
2015: Increased data available
Canada       443.64 1,760  
France       0.00 0  
Netherlands       0.00 0  
Australia       0.00 0  
United States       0.00 0  
Overall
Total environmental protection expenditures $ $39,954,133 $37,441,842 $36,956,969 $25,714,010  25,232,972
In the 2010 to 2014 timeframe, we addressed abandonment spending for older fields related to acquistions and regulatory obligations, which increased our spending in this area.
G4-EN31
Canada     $6,099,464 $6,008,486  8,451,587  
France     $10,907,708 $4,555,225

4,513,376

 
Netherlands     $2,815,841 $3,914,342  9,754,499  
Australia     $1,177,894 $614,884  1,026,713  
United States     $0 $516,060  1,486,796  
Waste disposal, emissions treatment and remediation $3,438,407 $6,069,660 $15,805,157  $10,043,909

9,822,917

 
Canada $899,825 $1,817,792 $3,456,493 $2,467,810

1,076,807

 
 
France $1,568,838 $3,575,837 $10,258,340 $3,625,814  2,140,827
Decrease is primarily related to reduced abandonment, reduced drillingand significant decrease in drilling mud treatment costs due to newfound treatment path and specific negotiation (disposal & transportation)
Netherlands $879,998 $577,981 $1,510,210 $3,772,342  5,409,635  
Australia $89,746 $98,050 $580,114 $177,942 186,311  
United States     $0 $0

1,009,337

 
Prevention and environmental management costs $36,515,726 $31,372,182 $21,151,812 $15,670,101

6,924,610 

 
Canada $5,628,804 $4,559,869 $2,642,971 $3,540,676  5,141,019  
France $9,217,906 $9,809,414 $649,368 $929,411

352,033 

 
Netherlands $7,246,839 $4,419,513 $1,305,630 $142,000

220,500

 
Australia $722,178 $883,387 $597,780 $436,942

840,402

 
United States     $0 $516,060  370,656  
Discharge of Abandonment (AER) $13,700,000 $11,700,000 $15,956,061 $10,105,012

8,485,445

 
Canada          2,233,761  
France          2,020,516  
Netherlands        

4,124,364 

 
Australia          
United States        

106,803

 
Asset integrity and process safety
Number of Tier 1 process safety events 0 0 0 0   OG13
Canada 0 0 0 0 0  
France 0 0 0 0 0  
Netherlands 0 0 0 0 0  
Australia 0 0 0 0 0  
United States 0 0 0 0 0  
Number of Tier 2 process safety events 13 27 36 78

42 

Process safety became a focus for us in 2014, including the introduction of different reporting criteria such as energy type, which increased our reporting in this area. In 2016, we began seeing the benefits of this focus, as our work on process safety began to reduce event numbers.
Canada     26 54

30

 
France     4 12

5

 
Netherlands     4 12

5

 
Australia     2 0

2

 
United States     0 0

0

 
Values Matter
Vermilion Energy