Supplemental information (Tables)

12 Months Ended

Dec. 31, 2018

Disclosure Of Supplemental Information [Abstract]

Disclosure of cash flow statement [text block]

Changes in non-cash working capital was comprised of the following:

	Year Ended
($M)	Dec 31, 2018		Dec 31, 2017
Changes in:
Accounts receivable	(94,562	)	(34,041	)
Crude oil inventory	(10,646	)	(2,577	)
Prepaid expenses	(4,896	)	(1,884	)
Accounts payable and accrued liabilities	230,567		37,527
Income taxes payable	(1,651	)	2,842
Working capital assumed from acquisitions	(58,841	)	—
Initial recognition of IFRS 16 liability	(10,483	)	—
Foreign exchange	(873	)	(795	)
Changes in non-cash working capital	48,615		1,072
Changes in non-cash operating working capital	(6,876	)	665
Changes in non-cash investing working capital	55,491		407
Changes in non-cash working capital	48,615		1,072

Disclosure of cash and cash equivalents [text block]

Cash and cash equivalents was comprised of the following:

	As at
($M)	Dec 31, 2018	Dec 31, 2017
Cash on deposit with financial institutions	26,604	46,229
Guaranteed investment certificates	205	332
Cash and cash equivalents	26,809	46,561

Disclosure of employee benefits [text block]

 Wages and benefits included in operating expenses and general and administration expenses were:

	Year Ended
($M)	2018	2017
Operating expense	66,095	48,823
General and administration expense	42,496	36,708
Wages and benefits	108,591	85,531

Disclosure of detailed information about outstanding risk management positions [Text Block]

The following tables summarize Vermilion's outstanding risk management positions as at December 31, 2018:

				Bought Put Volume	Weighted Average Bought Put	Sold Call Volume	Weighted Average Sold Call	Sold Put Volume	Weighted Average Sold Put	Swap Volume	Weighted ‎Average Swap
Crude Oil	Period	Exercise date (1)	Currency	(bbl/d)	Price / bbl	(bbl/d)	Price / bbl	(bbl/d)	Price / bbl	(bbl/d)	Price / bbl
Dated Brent
3-Way Collar	Sep 2018 - Jun 2019		CAD	2,500	91.20	2,500	98.63	2,500	76.00	—	—
Swap	Jan 2019 - Dec 2019		CAD	—	—	—	—	—	—	1,350	91.76
3-Way Collar	Aug 2018 - Jun 2019		USD	500	66.92	500	80.00	500	55.00	—	—
3-Way Collar	Jan 2019 - Dec 2019		USD	500	70.00	500	80.00	500	60.00	—	—
Swap	Apr 2018 - Mar 2019		USD	—	—	—	—	—	—	750	61.33
Swap	Jul 2018 - Jun 2019		USD	—	—	—	—	—	—	1,500	68.52
Swap	Jan 2019 - Dec 2019		USD	—	—	—	—	—	—	2,250	73.17
WTI
Swap	Jan 2019 - Dec 2019		CAD	—	—	—	—	—	—	1,050	81.41
3-Way Collar	Jan 2019 - Dec 2019		USD	250	70.00	250	80.25	250	60.00	—	—
Swap	Apr 2018 - Mar 2019		USD	—	—	—	—	—	—	250	54.00
				Bought Put Volume	Weighted Average Bought Put	Sold Call Volume	Weighted Average Sold Call	Sold Put Volume	Weighted Average Sold Put	Swap Volume	Weighted ‎Average Swap
North American Gas	Period	Exercise date (1)	Currency	(mcf/d)	Price / mcf	( mcf /d)	Price /  mcf	( mcf/d)	Price /  mcf	(mcf/d)	Price / mcf
AECO
Swap	Dec 2018 - Mar 2019		CAD	—	—	—	—	—	—	2,500	2.41
AECO Basis (AECO less NYMEX Henry Hub)
Swap	Jan 2019 - Jun 2020		USD	—	—	—	—	—	—	2,500	(0.93	)
AECO Basis (AECO less Chicago NGI)
Swap	Nov 2018 - Mar 2019		USD	—	—	—	—	—	—	5,000	(1.46	)
NYMEX Henry Hub
Swap	Jan 2019 - Mar 2019		USD	—	—	—	—	—	—	5,000	4.00
Chicago NGI
Swap	Dec 2018 - Mar 2019		USD	—	—	—	—	—	—	5,000	4.40
SOCAL Border
Swap (2)	Jan 2019		USD	—	—	—	—	—	—	10,000	5.50
Swap (2)	Feb 2019		USD	—	—	—	—	—	—	10,000	4.39
Swap (2)	Mar 2019		USD	—	—	—	—	—	—	10,000	3.36
(1)      The sold swaption instrument allows the counterparty, at the specified date, to enter into a derivative instrument contract with Vermilion at the above detailed terms.
(2)     These swaps hedge a physical sales agreement to sell Alberta natural gas production at SOCAL Border pricing less a fixed differential.

				Bought Put Volume	Weighted Average Bought Put	Sold Call Volume	Weighted Average Sold Call		Sold Put Volume	Weighted Average Sold Put	Swap Volume	Weighted ‎Average Swap
European Gas	Period	Exercise date (1)	Currency	(mcf/d)	Price / mcf	(mcf/d)	Price / mcf		(mcf/d)	Price /mcf	(mcf/d)	Price / mcf
NBP
3-Way Collar	Jan 2019 - Dec 2019		EUR	17,197	4.97	17,197	5.65		17,197	3.79	—	—
3-Way Collar	Jan 2019 - Dec 2020		EUR	7,370	4.96	7,370	5.76		7,370	3.74	—	—
3-Way Collar	Jan 2020 - Dec 2020		EUR	19,654	5.10	19,654	5.92		19,654	4.01	—	—
Collar	Oct 2018 - Mar 2019		EUR	3,685	6.40	2,457	7.62		—	—	—	—
Call	Oct 2018 - Mar 2019		EUR	—	—	12,327	6.28		—	—	—	—
Swap	Oct 2018 - Mar 2019		EUR	—	—	—	—		—	—	4,913	7.92
Swaption	Jul 2019 - Jun 2021	June 28, 2019	EUR	—	—	—	—		—	—	9,827	5.64
Swaption	Oct 2019 - Mar 2020	June 28, 2019	EUR	—	—	—	—		—	—	7,370	5.86
Swaption	Oct 2020 - Mar 2021	June 28, 2019	EUR	—	—	—	—		—	—	7,370	5.86
Swaption	Oct 2021 - Mar 2022	June 28, 2019	EUR	—	—	—	—		—	—	7,370	5.86
NBP Basis (NBP less NYMEX HH)
Collar	Jan 2019 - Sep 2020		USD	7,500	2.07	7,500	4.00		—	—	—	—
TTF
3-Way Collar	Oct 2017 - Dec 2019		EUR	7,370	4.59	7,370	5.42		7,370	2.93	—	—
3-Way Collar	Jan 2018 - Dec 2019		EUR	3,685	4.74	3,685	5.52		3,685	3.13	—	—
3-Way Collar	Jan 2019 - Dec 2019		EUR	12,284	5.05	12,284	5.72		12,284	3.69	—	—
3-Way Collar	Jan 2020 - Dec 2020		EUR	7,370	5.37	7,370	6.25		7,370	3.81	—	—
Swap	Oct 2017 - Dec 2019		EUR	—	—	—	—		—	—	7,370	4.87
Swap	Jan 2018 - Dec 2019		EUR	—	—	—	—		—	—	1,228	5.00
Swap	Jul 2018 - Dec 2019		EUR	—	—	—	—		—	—	4,913	4.98
Swap	Jan 2019 - Dec 2019		EUR	—	—	—	—		—	—	2,457	4.92
Cross Currency Interest Rate			Receive Notional Amount (USD)			Rate (LIBOR +)			Pay Notional Amount (CAD)		Rate (CDOR +)
Swap	Jan 2019			1,018,563,000		1.70		%	1,354,900,000		1.02		%

(1) The sold swaption instrument allows the counterparty, at the specified date, to enter into a swap with Vermilion at the above detailed terms.