Vermilion Energy cuts Q2 production outlook due to Alberta wildfire
(Reuters) - Canada's Vermilion Energy Inc 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)
