Vermilion Energy Inc. has finalized a $120 million sale of its assets in the U.S., which encompass daily production of 5,500 barrels of oil equivalent and 10 million barrels in proved reserves. The deal, effective January 1 and slated to close in Q3, aims to bolster Vermilion's financial standing through debt repayment. In conjunction with the asset sale, Vermilion has adjusted its 2025 capital budget to between $630 million and $660 million, down from previous estimates, while projecting production levels for 2025 to be between 117,000 and 122,000 barrels daily.
Vermilion Energy Inc. has announced an agreement to sell its U.S. assets for $120 million, which includes significant daily production and reserves.
The company aims to use the proceeds from the asset sale primarily for debt repayment, enhancing its financial stability post-transaction.
Additionally, Vermilion has revised its 2025 capital budget downward, reflecting a more conservative financial outlook amid market conditions.
Projected full year 2025 production is estimated to be between 117,000 to 122,000 barrels of oil equivalent per day, indicating steady operational capacity.
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