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Vermilion Energy sells Saskatchewan and Manitoba assets for $415 million to pay off debt.
Vermilion Energy has agreed to sell its Saskatchewan and Manitoba assets for $415 million, aiming to use the proceeds to repay debt.
The assets produce around 10,500 barrels of oil equivalent per day.
The deal is expected to close in the third quarter, pending regulatory approvals.
Vermilion projects 2025 production to average between 120,000 and 125,000 barrels of oil equivalent per day, with capital expenditures of $680 million to $710 million.
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Vermilion Energy vende sus activos en Saskatchewan y Manitoba por $415 millones para pagar la deuda.