Vermilion Energy Financial and Operational Overview
$ / BOE
VERMILION
ENERGY
COST REDUCTION
OPERATING EFFICIENCY
14.00
8% Reduction
12.00
10.00
8.00
6.00
15% Reduction
4.00
from 2014 Peak
2.00
0.00
24% Reduction
from 2014 Peak
52% Reduction
from 2014 Peak
OPEX*
Transportation
Royalties
G&A
2012
■2013
2014
■2015
2016
■2017
2018
2019
$ / BOE
ORGANIC CAPITAL EFFICIENCY
35.00
30.00
67% Reduction
25.00
20.00
15.00
10.00
5.00
0.00
2P F&D (Including FDC)
2012
2013
2014
2015
■2016
2017
2018
2019
*
VERMILION'S ONGOING FOCUS ON EFFICIENCY HAS RESULTED IN SIGNIFICANT PER UNIT COST REDUCTIONS
Opex increase since 2017 reflects partial 2018 and full-year 2019 impact of the Spartan acquisition, which was comprised of oil-weighted assets (90% light oil) that have a higher unit operating cost,
but also a higher revenue contribution.
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