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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 energy 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. 102-9

Exploration
Exploration

How we identify, analyze and develop new energy opportunities.

Supply
Supply

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

Production
Production

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

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, the manufacturers and consumers who use the resulting products, and the agricultural producers and non-profit organizations who benefit from our cogeneration projects.

 
Value, impact or influence
ExplorationSupplyProductionTransportationProduct Use
Our decisions about where to operate and how best to source energy 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 local energy security, job creation and economic success while potentially involving safety and environmental impacts, including pipeline, road and rail transport safety, waste transportation 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, with external consultation Both internal and external to Vermilion Primarily internal to Vermilion, with external consultation Primarily external to Vermilion Primarily external to Vermilion
Key stakeholders, listed by degree of impact 102-40
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 102-44 (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, including GHG emissions
  • 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