KeyfactsEnergy

Vermilion Energy Inc. Announces Closing of Corrib Transaction

21/12/2018

Vermilion Energy Inc. announces the completion of the transfer of Shell E&P Ireland Limited ("SEPIL") along with an incremental 1.5% working interest in the Corrib Natural Gas Project in Ireland ("Corrib") to Vermilion from Nephin Energy Holdings Limited (NEHL), a wholly owned subsidiary of Canada Pension Plan Investment Board. The final purchase price net of all closing adjustments for the incremental 1.5% interest was €6 million. Vermilion became operator of the Corrib project on November 30, 2018 upon the sale of SEPIL to NEHL.