Vermilion Energy Inc. Announces Closing of the Saskatchewan Asset Sale
Vermilion Energy (NYSE:VET) has successfully completed the sale of its Saskatchewan assets for $415 million. The divested assets include approximately 10,500 boe/d of non-core light oil production, with 86% consisting of oil and liquids, located in Saskatchewan and Manitoba.
This strategic divestment aligns with Vermilion's three-year portfolio optimization initiative, focusing on long-duration, scalable assets with high return potential. The net proceeds will be used to strengthen the company's balance sheet and provide additional capital flexibility for its core operations in Canada and Europe.
Vermilion Energy (NYSE:VET) ha completato con successo la vendita dei suoi asset in Saskatchewan per un valore di 415 milioni di dollari. Gli asset ceduti comprendono circa 10.500 boe/giorno di produzione di petrolio leggero non core, di cui l'86% costituito da petrolio e liquidi, situati in Saskatchewan e Manitoba.
Questa cessione strategica 猫 in linea con l'iniziativa triennale di ottimizzazione del portafoglio di Vermilion, che punta su asset a lungo termine, scalabili e con elevato potenziale di rendimento. Il ricavato netto sar脿 utilizzato per rafforzare il bilancio aziendale e garantire maggiore flessibilit脿 finanziaria per le operazioni core in Canada e in Europa.
Vermilion Energy (NYSE:VET) ha completado con 茅xito la venta de sus activos en Saskatchewan por 415 millones de d贸lares. Los activos vendidos incluyen aproximadamente 10,500 boe/d de producci贸n de petr贸leo ligero no esencial, con un 86% compuesto por petr贸leo y l铆quidos, ubicados en Saskatchewan y Manitoba.
Esta desinversi贸n estrat茅gica se alinea con la iniciativa de optimizaci贸n de cartera de tres a帽os de Vermilion, enfocada en activos escalables de larga duraci贸n con alto potencial de rentabilidad. Los ingresos netos se utilizar谩n para fortalecer el balance de la compa帽铆a y proporcionar mayor flexibilidad de capital para sus operaciones principales en Canad谩 y Europa.
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Vermilion Energy (NYSE:VET) a finalis茅 avec succ猫s la vente de ses actifs en Saskatchewan pour un montant de 415 millions de dollars. Les actifs c茅d茅s comprennent environ 10 500 boe/j de production de p茅trole l茅ger non strat茅gique, dont 86 % sont constitu茅s de p茅trole et de liquides, situ茅s en Saskatchewan et au Manitoba.
Cette cession strat茅gique s'inscrit dans l'initiative d'optimisation du portefeuille sur trois ans de Vermilion, ax茅e sur des actifs durables, 茅volutifs et 脿 fort potentiel de rendement. Le produit net servira 脿 renforcer le bilan de l'entreprise et 脿 offrir une plus grande flexibilit茅 financi猫re pour ses op茅rations principales au Canada et en Europe.
Vermilion Energy (NYSE:VET) hat den Verkauf seiner Verm枚genswerte in Saskatchewan erfolgreich f眉r 415 Millionen US-Dollar abgeschlossen. Zu den ver盲u脽erten Verm枚genswerten geh枚ren etwa 10.500 boe/Tag an nicht-kernproduzierendem Leicht枚l, davon 86 % 脰l und Fl眉ssigkeiten, die sich in Saskatchewan und Manitoba befinden.
Diese strategische Desinvestition steht im Einklang mit Vermilions dreij盲hriger Portfolio-Optimierungsinitiative, die sich auf langlebige, skalierbare Verm枚genswerte mit hohem Ertragspotenzial konzentriert. Der Nettoerl枚s wird verwendet, um die Bilanz des Unternehmens zu st盲rken und zus盲tzliche Kapitalflexibilit盲t f眉r die Kernaktivit盲ten in Kanada und Europa zu schaffen.
- Asset sale generates substantial proceeds of $415 million
- Strategic portfolio optimization to focus on higher-value, scalable assets
- Strengthening of balance sheet through sale proceeds
- Increased capital allocation flexibility for core operations
- Reduction in production capacity by 10,500 boe/d
- Loss of 86% oil and liquids-weighted assets from portfolio
The assets are comprised of approximately 10,500 boe/d (
About Vermilion
Vermilion is a global gas producer that seeks to create value through the acquisition, exploration and development of liquids-rich natural gas in
Vermilion's priorities are health and safety, the environment, and profitability, in that order. Nothing is more important than the safety of the public and those who work with Vermilion, and the protection of the natural surroundings. In addition, the Company emphasizes strategic community investment in each of its operating areas.
Vermilion trades on the Toronto Stock Exchange and the New York Stock Exchange under the symbol VET.
For further information please contact:
Dion Hatcher, President & CEO; Lars Glemser, Vice President & CFO; and/or Kyle Preston, Vice President, Investor Relations
TEL (403) 269-4884 | IR TOLL FREE 1-866-895-8101 | [email protected] |
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SOURCE Vermilion Energy Inc.
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