Segmented information

12 Months Ended

Dec. 31, 2018

Disclosure Of Segmented Information [Abstract]

Disclosure of entity's operating segments [text block]

4. Segmented information

Vermilion has three major customers within the France, Netherlands, and Ireland operating segments that each comprise in excess of 10% of Vermilion's consolidated revenues. Substantially all sales in the France, Netherlands, and Ireland operating segments for the years ended December 31, 2018 and 2017 were to one customer in each respective segment.

	Year Ended December 31, 2018
($M)	Canada		France		Netherlands		Germany		Ireland		Australia		USA		Corporate		Total
Total assets	3,060,291		918,398		277,348		284,063		709,585		263,739		407,323		349,924		6,270,671
Drilling and development	277,857		79,451		17,963		10,863		224		75,638		40,837		1,009		503,842
Exploration and evaluation	—		307		(480	)	4,943		—		—		—		9,602		14,372
Crude oil and condensate sales	541,844		360,471		2,462		32,704		—		150,733		31,142		—		1,119,356
NGL sales	56,554		—		—		—		—		—		4,622		—		61,176
Natural gas sales	72,774		131		163,454		49,745		205,150		—		2,701		3,630		497,585
Royalties	(84,696	)	(46,781	)	(3,181	)	(6,626	)	—		—		(10,070	)	(813	)	(152,167	)
Revenue from external customers	586,476		313,821		162,735		75,823		205,150		150,733		28,395		2,817		1,525,950
Transportation	(29,912	)	(10,426	)	—		(6,420	)	(5,129	)	—		—		—		(51,887	)
Operating	(177,499	)	(54,690	)	(26,681	)	(23,048	)	(15,366	)	(53,199	)	(6,421	)	(110	)	(357,014	)
General and administration	(6,057	)	(14,170	)	(1,947	)	(7,401	)	(8,386	)	(4,918	)	(6,306	)	(2,744	)	(51,929	)
PRRT	—		—		—		—		—		(4,824	)	—		—		(4,824	)
Corporate income taxes	—		(15,084	)	(16,561	)	—		—		(6,595	)	—		(513	)	(38,753	)
Interest expense	—		—		—		—		—		—		—		(72,759	)	(72,759	)
Realized loss on derivative instruments	—		—		—		—		—		—		—		(111,258	)	(111,258	)
Realized foreign exchange gain	—		—		—		—		—		—		—		243		243
Realized other income	—		—		—		—		—		—		—		883		883
Fund flows from operations	373,008		219,451		117,546		38,954		176,269		81,197		15,668		(183,441	)	838,652
	Year Ended December 31, 2017
($M)	Canada		France		Netherlands		Germany		Ireland		Australia		USA		Corporate		Total
Total assets	1,542,193		831,783		203,929		295,026		667,068		236,677		73,867		124,422		3,974,965
Drilling and development	148,667		71,087		15,107		6,165		551		29,942		19,074		—		290,593
Exploration and evaluation	—		2,294		16,468		3,366		—		—		—		7,728		29,856
Crude oil and condensate sales	209,560		268,102		1,864		23,554		—		154,391		14,605		—		672,076
NGL sales	37,809		—		—		—		—		—		456		—		38,265
Natural gas sales	83,534		1		106,196		45,142		153,330		—		294		—		388,497
Royalties	(33,258	)	(28,565	)	(1,722	)	(6,655	)	—		—		(4,276	)	—		(74,476	)
Revenue from external customers	297,645		239,538		106,338		62,041		153,330		154,391		11,079		—		1,024,362
Transportation	(17,368	)	(14,627	)	—		(6,207	)	(5,205	)	—		(41	)	—		(43,448	)
Operating	(80,444	)	(51,002	)	(21,212	)	(20,176	)	(17,596	)	(50,139	)	(1,698	)	—		(242,267	)
General and administration	(9,604	)	(13,585	)	(2,212	)	(7,767	)	(2,320	)	(8,194	)	(4,341	)	(6,350	)	(54,373	)
PRRT	—		—		—		—		—		(19,819	)	—		—		(19,819	)
Corporate income taxes	—		(10,556	)	3,331		—		—		(4,536	)	—		(527	)	(12,288	)
Interest expense	—		—		—		—		—		—		—		(57,313	)	(57,313	)
Realized gain on derivative instruments	—		—		—		—		—		—		—		4,721		4,721
Realized foreign exchange gain	—		—		—		—		—		—		—		2,316		2,316
Realized other income	—		—		—		—		—		—		—		674		674
Fund flows from operations	190,229		149,768		86,245		27,891		128,209		71,703		4,999		(56,479	)	602,565

Reconciliation of fund flows from operations to net earnings:

	Year Ended
($M)	Dec 31, 2018		Dec 31, 2017
Fund flows from operations	838,652		602,565
Accretion	(31,219	)	(26,971	)
Depletion and depreciation	(609,056	)	(491,683	)
Gain on business combinations	128,208		—
Unrealized gain (loss) on derivative instruments	109,326		(1,062	)
Equity based compensation	(60,746	)	(61,579	)
Unrealized foreign exchange (loss) gain	(63,243	)	71,742
Unrealized other expense	(801	)	(637	)
Deferred tax	(39,471	)	(30,117	)
Net earnings	271,650		62,258