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Values Matter
Sustainability Report
Values Matter
2016 Sustainability Report
Download our
2017

Our Value Chain

Vermilion's operations influence an extensive value chain that connects petrochemical 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. We believe that our contributions to the value chain create wealth for global citizens, providing the wherewithal for environmental protection and helping raise many of our fellow global citizens out of poverty. G4-12

Exploration
Exploration

How we identify, analyze and develop new oil and gas opportunities.

Supply
Supply

The external contractors, suppliers, materials and expertise we leverage throughout our process, from exploration to drilling and completions to production.

Production
Production

How we extract oil, gas and associated byproducts from our operating properties, through the lifecycle from drilling & completion to production.

Transportation
Transportation

How Vermilion transports and markets our products and byproducts, along with the subsequent transportation of those products to the end consumer.

Product Use
Product Use

The midstream and downstream refiners who constitute our customers, and the manufacturers and individual consumers who use the products that result from their activities.

 
Value, impact or influence
ExplorationSupplyProductionTransportationProduct Use
Our decisions about where to operate and how best to extract oil and gas 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 job creation and economic success while potentially involving safety and environmental impacts, including pipeline, road and rail transport safety, and waste transport 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
ExplorationSupplyProductionTransportationProduct Use
Internal to Vermilion Both internal and external to Vermilion Primarily internal to Vermilion Primarily external to Vermilion External to Vermilion
Key stakeholders, listed by degree of impact
ExplorationSupplyProductionTransportationProduct Use
  • Communities
  • Government
  • Investors
  • Partners
  • NGOs

 

  • Suppliers
  • Employees
  • Investors
  • Communities
  • Communities
  • Investors
  • Employees
  • Partners
  • Government
  • NGOs
  • Media

 

  • Communities
  • Partners
  • Customers/end users
  • Investors
  • Government
  • NGOs
  • Customers/end users
  • Investors
  • Government
  • NGOs
  • Media

 

Primary issues (top three to five identified through stakeholder engagement and issues monitoring)
ExplorationSupplyProductionTransportationProduct Use
  • Safety
  • Environment
  • Community relations
  • Regulation
  • Governance
  • Safety
  • Environment
  • Efficiency
  • Supply chain management
  • Safety
  • Environment
  • Community / government relations
  • Staff relations
  • Efficiency

 

  • Transport safety
  • GHG emissions
  • Spills
  • Ethics
  • Stable supply
  • Safety
  • Stable supply
  • GHG emissions
  • Cost
  • Regulation

 

Values Matter
Vermilion Energy