By Adriano Marchese
Vermilion Energy has restarted its operations in Australia after a period of repair work at the facility.
The Canadian energy producer said Monday that it began production in early September again after completing the remaining inspection and repair work at its Wandoo facility.
Initial production rates there are forecasted to produce about 4,000 barrels of oil a day in the fourth quarter, and Vermilion said it expects to generate about 100 million Canadian dollars ($73.3 million) in free cash flow from its operations in Australia in 2024.
The company also said that in Ireland, it has completed its planned turnaround at its Corrib operations and forecasts output of about 10,000 barrels of oil equivalent a day of European gas in the fourth quarter.
For the third quarter, production is forecasted to come in at the upper end of guidance of between 80,000 barrels of oil equivalent a day to 83,000 barrels a day thanks to the developments in the two regions.
Looking ahead Vermilion has also upped its production forecast for the fourth quarter to a range of 86,000 barrels a day and 89,000 barrels a day. For the full year, expectations are unchanged at an average of between 82,000 barrels to 86,000 barrels a day.
Write to Adriano Marchese at [email protected]
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