| |||||||
Reporting Entity Name | Vermilion Energy Inc. | ||||||
Reporting Year | From: | 1/1/2023 | To | 12/31/2023 | Date submitted | 5/1/2024 | |
Reporting Entity ESTMA Identification Number | E961953 | ◉ Original Submission Amended ○ Report | | | |||
| | ||||||
Other Subsidiaries Included (optional field) | | | |||||
| | ||||||
For Consolidated Reports - Subsidiary Reporting Entities Included in Report: | E373536 Vermilion Resources | | |||||
| | ||||||
Not Substituted | | | | | |||
| | ||||||
Attestation by Reporting Entity | | | | | | | |
In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above. | | ||||||
| |||||||
| |||||||
| |||||||
| |||||||
| | | | | | | |
| | | | | | | |
Full Name of Director or Officer of Reporting Entity | Lars Glemser | Date | 5/1/2024 | | |||
Position Title | Vice President & Chief Financial Officer | | |||||
Extractive Sector Transparency Measures Act - Annual Report | |||||||||||
Reporting Year | From: | 1/1/2023 | To: | 12/31/2023 | | ||||||
Reporting Entity Name | Vermilion Energy Inc. | Currency of the Report | CAD | | |||||||
Reporting Entity ESTMA Identification Number | E961953 | | |||||||||
Subsidiary Reporting Entities (if necessary) | E373536 Vermilion Resources | ||||||||||
Payments by Payee | |||||||||||
Country | Payee Name | Departments, Agency, etc… within Payee that Received Payments | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid to Payee | Notes |
Netherlands | Government of the Netherlands | | 123,810,000 | 710,000 | 12,870,000 | 90,680,000 | | | | 228,070,000 | Tax and Customs Administration - $137,390,000 Energie Beheer Nederland BV (EBN) - $90,680,000 Payments made in EUR. |
Netherlands | Municipality of Waalwijk | | | | 320,000 | | | | | 320,000 | Municipality of Waalwijk - $320,000 Payments made in EUR. |
Netherlands | Municipality of Achtkarspelen | | | | 190,000 | | | | | 190,000 | Municipality of Achtkarspelen - $190,000 Payments made in EUR. |
Netherlands | Province of Friesland | | | | 160,000 | | | | | 160,000 | Friesland Province - $160,000 Payments made in EUR. |
Ireland | Government of Ireland | | 141,610,000 | | 2,550,000 | | | | | 144,160,000 | Office of the Revenue Commissioners - $141,610,000 Commission for Regulation of Utilities - $2,300,000 Department of Communications, Climate Action and Environment - $250,000 Payments made in EUR. |
Canada | Government of Alberta | | | 42,080,000 | 750,000 | | | | | 42,830,000 | Provincial Treasurer of Alberta - $38,470,000 Alberta Department of Energy - $3,480,000 Alberta Department of Resource Development - $580,000 Alberta MInister of Finance - $250,000 Royalties of $3,480,000 paid in-kind, the value of in-kind payments was determined using the prevailing commodity prices at the time of transfer. |
Canada | Government of Saskatchewan | | 7,600,000 | 25,360,000 | 4,700,000 | | 3,430,000 | | | 41,090,000 | Saskatchewan Ministry of the Economy - $32,630,000 Saskatchewan Minister of Finance - $8,430,000 |
Canada | Government of British Columbia | | 790,000 | 7,030,000 | 400,000 | | | | | 8,220,000 | British Columbia Minister of Finance - $7,030,000 British Columbia Surveyor of Taxes - $790,000 British Columbia Energy Regulator - $350,000 |
Canada | Yellowhead County | | | | 3,080,000 | | | | | 3,080,000 | Yellowhead County - $3,080,000 |
Canada | Alberta Energy Regulator | | | | 2,420,000 | | | | | 2,420,000 | Alberta Energy Regulator - $2,420,000 |
Canada | Rural Municipality of Antler No. 61 | | | | 1,210,000 | | | | | 1,210,000 | Rural Municipality of Antler No. 61 - $1,210,000 |
Canada | Rural Municipality of Moose Creek No. 33 | | | | 1,030,000 | | | | | 1,030,000 | Rural Municipality of Moose Creek No. 33 - $1,030,000 |
Canada | Rural Municipality of Enniskillen No. 3 | | | 30,000 | 920,000 | | | | | 950,000 | Rural Municipality of Enniskillen No. 3 - $950,000 |
Canada | Rural Municipality of Hazelwood No. 94 | | | | 780,000 | | | | | 780,000 | Rural Municipality of Hazelwood No. 94 - $780,000 |
Canada | Rural Municipality of Souris Valley No. 7 | | | | 730,000 | | | | | 730,000 | Rural Municipality of Souris Valley No. 7 - $730,000 |
Canada | Rural Municipality of Argyle No. 1 | | | | 650,000 | | | | | 650,000 | Rural Municipality of Argyle No. 1 - $650,000 |
Canada | Rural Municipality of Lomond No. 37 | | | | 580,000 | | | | | 580,000 | Rural Municipality of Lomond No. 37 - $580,000 |
Canada | Brazeau County | | | | 490,000 | | | | | 490,000 | Brazeau County - $490,000 |
Extractive Sector Transparency Measures Act - Annual Report | |||||||||||
Reporting Year | From: | 1/1/2023 | To: | 12/31/2023 | | ||||||
Reporting Entity Name | Vermilion Energy Inc. | Currency of the Report | CAD | | |||||||
Reporting Entity ESTMA Identification Number | E961953 | | |||||||||
Subsidiary Reporting Entities (if necessary) | E373536 Vermilion Resources | ||||||||||
Payments by Payee | |||||||||||
Country | Payee Name | Departments, Agency, etc… within Payee that Received Payments | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid to Payee | Notes |
Canada | Rural Municipality of Moose Mountain No. 63 | | | | 460,000 | | | | | 460,000 | Rural Municipality of Moose Mountain No. 63 - $460,000 |
Canada | Rural Municipality of Browning No. 34 | | | | 410,000 | | | | | 410,000 | Rural Municipality of Browning No. 34 - $410,000 |
Canada | Government of Canada | | | 270,000 | 100,000 | | | | | 370,000 | Receiver General - $370,000 |
Canada | Rural Municipality of Mount Pleasant No. 2 | | | | 370,000 | | | | | 370,000 | Rural Municipality of Mount Pleasant No. 2 - $370,000 |
Canada | Rural Municipality of Coalfields No. 4 | | | | 360,000 | | | | | 360,000 | Rural Municipality of Coalfields No. 4 - $360,000 |
Canada | White Bear First Nations | | | 10,000 | 310,000 | | | | | 320,000 | White Bear First Nations - $320,000 |
Canada | Clearwater County | | | | 320,000 | | | | | 320,000 | Clearwater County - $320,000 |
Canada | Rural Municipality of Brock No. 64 | | | | 280,000 | | | | | 280,000 | Rural Municipality of Brock No. 64 - $280,000 |
Canada | Red Deer County | | | | 270,000 | | | | | 270,000 | Red Deer County - $270,000 |
Canada | Rural Municipality of Storthoaks No. 31 | | | 10,000 | 240,000 | | | | | 250,000 | Rural Municipality of Storthoaks No. 31 - $250,000 |
Canada | Rural Municipality of Wawken No. 93 | | | | 190,000 | | | | | 190,000 | Rural Municipality of Wawken No. 93 - $190,000 |
Canada | Rural Municipality of Golden West No. 95 | | | | 180,000 | | | | | 180,000 | Rural Municipality of Golden West No. 95 - $180,000 |
Canada | Rural Municipality of Kindersley No. 290 | | | | 160,000 | | | | | 160,000 | Rural Municipality of Kindersley No. 290 - $160,000 |
Canada | Rural Municipality of Pipestone | | | | 150,000 | | | | | 150,000 | Rural Municipality of Pipestone - $150,000 |
Canada | Rural Municipality of Cymri No. 36 | | | 40,000 | 110,000 | | | | | 150,000 | Rural Municipality of Cymri No. 36 - $150,000 |
Canada | Rural Municipality of Laurier No. 38 | | | | 120,000 | | | | | 120,000 | Rural Municipality of Laurier No. 38 - $120,000 |
Canada | Sturgeon County | | | | 110,000 | | | | | 110,000 | Sturgeon County - $110,000 |
France | Government of France | | 59,490,000 | | 460,000 | | | | | 59,950,000 | Direction des Grandes Entreprises - $59,490,000 Tresor Public - $460,000 Payments made in EUR. |
France | Department of Gironde | | | 11,520,000 | | | | | | 11,520,000 | Direction Régionale des Finances Publiques (DRFIP) de Gironde - $11,520,000 Payments made in EUR. |
France | Department of Seine et Marne | | | 8,880,000 | | | | | | 8,880,000 | Tresorerie Generale de Seine et Marne - $8,880,000 Payments made in EUR. |
France | Department of Landes | | | 8,280,000 | | | | | | 8,280,000 | Tresorerie Generale des Landes - $8,280,000 Payments made in EUR. |
France | Department of Essonne | | | 4,450,000 | | | | | | 4,450,000 | Recette Divisionnaire des Impots de L'Essonne- $2,450,000 SIP Etampes - $1,590,000 Recette Divisionnaire des Impots de Etampes - $410,000 Payments made in EUR. |
France | Municipality of Montargis | | | 2,310,000 | | | | | | 2,310,000 | Service des Impots de Montargis - $2,310,000 Payments made in EUR. |
Extractive Sector Transparency Measures Act - Annual Report | |||||||||||
Reporting Year | From: | 1/1/2023 | To: | 12/31/2023 | | ||||||
Reporting Entity Name | Vermilion Energy Inc. | Currency of the Report | CAD | | |||||||
Reporting Entity ESTMA Identification Number | E961953 | | |||||||||
Subsidiary Reporting Entities (if necessary) | E373536 Vermilion Resources | ||||||||||
Payments by Payee | |||||||||||
Country | Payee Name | Departments, Agency, etc… within Payee that Received Payments | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid to Payee | Notes |
France | Department of Loiret | | | 2,250,000 | | | | | | 2,250,000 | Direction Regionale Finances Loiret - $2,250,000 Payments made in EUR. |
France | Municipality of Melun | | | 1,580,000 | | | | | | 1,580,000 | Service des Impots Particuliers Melun - $1,580,000 Payments made in EUR. |
France | Department of Pyrenees Atlantiques | | | 1,490,000 | | | | | | 1,490,000 | Direction Départementale des Finances Publiques (DDFIP) de Pyrenees Atlantiques - $1,490,000 Payments made in EUR. |
France | Municipality of Pau | | | 1,050,000 | | | | | | 1,050,000 | Service des Impots Particuliers de Pau - $1,050,000 Payments made in EUR. |
United States of America | State of Wyoming | | | 17,700,000 | 120,000 | | | | | 17,820,000 | State of Wyoming - Department of Revenue - $16,200,000 Wyoming State Lands and Investments - $1,540,000 Wyoming Oil and Gas Conservation - $40,000 Wyoming Secretary of State - $30,000 Payments made in USD. |
United States of America | Government of the United States of America | | | 4,840,000 | | | | | | 4,840,000 | Office of Natural Resources Revenue - $4,840,000 Payments made in USD. |
United States of America | County of Campbell, Wyoming | | | 1,130,000 | 80,000 | | | | | 1,210,000 | Campbell County Clerk - $1,210,000 Payments made in USD. |
United States of America | County of Niobrara, Wyoming | | | 20,000 | 80,000 | | | | | 100,000 | Niobrara County Clerk - $100,000 Payments made in USD. |
Australia | Government of Australia | | 22,220,000 | | 1,700,000 | | | | | 23,920,000 | Australian Taxation Office - $22,220,000 National Offshore Petroleum Safety and Environmental Management Authority - $1,700,000 Payments made in AUD. |
Germany | State of Lower Saxony | | | 14,360,000 | | | | | | 14,360,000 | State Authority for Mining, Energy, and Geology - $14,360,000 Payments made in EUR. |
Hungary | Government of Hungary | | 90,000 | 790,000 | 80,000 | | | | | 960,000 | Hungarian Treasury - $960,000 Payments made in HUF. |
Croatia | Government of the Republic of Croatia | | | | 630,000 | | | | | 630,000 | Croatian Hydrocarbon Agency - $320,000 Payments made in EUR. |
Extractive Sector Transparency Measures Act - Annual Report | |||||||||||
Reporting Year | From: | 1/1/2023 | To: | 12/31/2023 | | ||||||
Reporting Entity Name | Vermilion Energy Inc. | Currency of the Report | CAD | | |||||||
Reporting Entity ESTMA Identification Number | E961953 | | |||||||||
Subsidiary Reporting Entities (if necessary) | E373536 Vermilion Resources | ||||||||||
Payments by Payee | |||||||||||
Country | Payee Name | Departments, Agency, etc… within Payee that Received Payments | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid to Payee | Notes |
Slovakia | Government of Slovakia | | | | 140,000 | | | | | 140,000 | Ministry of the Environment - $140,000 Payments made in EUR. |
Additional Notes: | Payments reported in the ESTMA Report reflect gross payments made directly by Vermilion and its subsidiaries, including payments made in the capacity of operator on behalf of partners. Gross payments made by an operator on behalf of Vermilion and its subsidiaries are not included when the operator is a reporting entity under ESTMA or substitutable reporting requirements in another jurisdiction. When payments were made in currencies other than Canadian dollars, the payments were converted into Canadian dollars using a weighted average of the exchange rates during the period. The weighted average exchange rates used were: 1 EUR = 1.4482 CAD 1 USD = 1.3493 CAD 1 AUD = 0.9196 CAD 1 HUF = 0.0037 CAD | ||||||||||
Extractive Sector Transparency Measures Act - Annual Report | ||||||||||
Reporting Year | From: | 1/1/2023 | To: | 12/31/2023 | | | ||||
Reporting Entity Name | Vermilion Energy Inc. | Currency of the Report | CAD | | ||||||
Reporting Entity ESTMA Identification Number | E961953 | | ||||||||
Subsidiary Reporting Entities (if necessary) | E373536 Vermilion Resources | |||||||||
Payments by Project | ||||||||||
Country | Project Name | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid by Project | Notes |
Netherlands | Netherlands | 123,810,000 | 710,000 | 14,010,000 | 90,680,000 | | | | 229,210,000 | Payments made in EUR. |
Ireland | Corrib | 141,610,000 | | 2,550,000 | | | | | 144,160,000 | Payments made in EUR. |
Canada | Alberta | | 41,990,000 | 8,050,000 | | | | | 50,040,000 | Royalties of $3,480,000 paid in-kind, the value of in-kind payments was determined using the prevailing commodity prices at the time of transfer. |
Canada | Saskatchewan | 7,600,000 | 25,710,000 | 14,590,000 | | 3,430,000 | | | 51,330,000 | |
Canada | British Columbia | 790,000 | 7,170,000 | 150,000 | | | | | 8,110,000 | |
France | Aquitaine Basin | | 22,340,000 | | | | | | 22,340,000 | Payments made in EUR. |
France | France | 59,490,000 | | 530,000 | | | | | 60,020,000 | Payments made in EUR. |
France | Paris Basin Chaunoy & Champotran | | 10,910,000 | | | | | | 10,910,000 | Payments made in EUR. |
France | Paris Basin Vert le Grand | | 4,730,000 | | | | | | 4,730,000 | Payments made in EUR. |
France | Paris Basin Neocomian | | 4,560,000 | | | | | | 4,560,000 | Payments made in EUR. |
United States of America | Powder River Basin, Wyoming | | 23,750,000 | 230,000 | | | | | 23,980,000 | Payments made in USD. |
Australia | Wandoo | 22,220,000 | | 1,700,000 | | | | | 23,920,000 | Payments made in AUD. |
Germany | Dümmersee-Uchte | | 14,360,000 | | | | | | 14,360,000 | Payments made in EUR. |
Hungary | Hungary | 90,000 | 790,000 | 80,000 | | | | | 960,000 | Payments made in HUF. |
Croatia | Croatia | | | 630,000 | | | | | 630,000 | Payments made in EUR. |
Slovakia | Slovakia | | | 140,000 | | | | | 140,000 | Payments made in EUR. |
Additional Notes: | Payments reported in the ESTMA Report reflect gross payments made directly by Vermilion and its subsidiaries, including payments made in the capacity of operator on behalf of partners. Gross payments made by an operator on behalf of Vermilion and its subsidiaries are not included when the operator is a reporting entity under ESTMA or substitutable reporting requirements in another jurisdiction. When payments were made in currencies other than Canadian dollars, the payments were converted into Canadian dollars using a weighted average of the exchange rates during the period. The weighted average exchange rates used were: 1 EUR = 1.4482 CAD 1 USD = 1.3493 CAD 1 AUD = 0.9196 CAD 1 HUF = 0.0037 CAD | |||||||||