Vermilion Energy cuts Q2 production outlook due to Alberta wildfire

Vermilion Energy

15/05/2023 11:47

May 15 (Reuters) - Canada's Vermilion Energy Inc
 VET.TO  on Monday lowered its current quarter production
outlook due to a shut-in caused by the wildfires in West Central
Alberta.
    Canada's main oil-producing province Alberta had declared a
provincial state of emergency due to wildfires earlier this
month, causing several companies to temporarily stop production.
    As a result of production being offline during that time,
the Canadian energy producer expects second quarter production
to average 80,000 barrels of oil equivalent per day (boepd) to
83,000 boepd from a previous forecast of 84,000 boepd to 86,000
boepd.
    Vermilion added that its annual production guidance of
82,000 boepd  to 86,000 boepd remains unchanged.

 (Reporting by Arunima Kumar in Bengaluru; Editing by Nivedita
Bhattacharjee)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94
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