Saturday April 4, 2020

Vermilion earned €55.9m from 20% Corrib stake

The Canadian oil and gas producer also announced a 200 per cent increase in its capital investment in Corrib for 2020

Daniel Murray

Business Reporter

@danieltmurray
15th March, 2020
Vermilion Energy earned $84.9 million Canadian dollars (€55.9 million) in “netbacks” from the Corrib field in 2019

Vermilion Energy earned €55.9 million last year from its 20 per cent interest in the Corrib gas field, as it continued to effectively pay no tax on gas produced off the west coast of Ireland.

The Canadian oil and gas producer also announced a 200 per cent increase in its capital investment in Corrib for 2020, pumping €2 million into maintenance works to improve productivity as it detailed a 16 per cent decline in gas flow for 2019.

Vermilion Energy...

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