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Property, plant and equipment
12 Months Ended
Dec. 31, 2017
Disclosure of property plant and equipments [Abstract]  
Disclosure of property, plant and equipment [text block]
Note 20 Property, plant and equipment
 
Amounts in US$'000
 
Oil &; gas
properties
 
 
Furniture,
equipment
and vehicles
 
Production
facilities and
machinery
 
Buildings
and
improvements
 
Construction in
progress
 
Exploration and
evaluation
assets(b)
 
 
Total
 
Cost at 1 January 2015
 
 
749,947
 
 
 
12,057
 
 
111,646
 
 
9,527
 
 
59,425
 
 
140,444
 
 
 
1,083,046
 
Additions
 
 
(4,640)
(a)
 
 
954
 
 
-
 
 
272
 
 
36,543
 
 
12,299
 
 
 
45,428
 
Currency translation differences
 
 
(27,522)
 
 
 
(182)
 
 
(2,577)
 
 
(92)
 
 
-
 
 
(1,510)
 
 
 
(31,883)
 
Disposals
 
 
(241)
 
 
 
(13)
 
 
(1,685)
 
 
(84)
 
 
-
 
 
-
 
 
 
(2,023)
 
Write-off / Impairment loss
 
 
(128,956)
 
 
 
-
 
 
(13,242)
 
 
-
 
 
(7,376)
 
 
(30,084)
(c)
 
 
(179,658)
 
Transfers
 
 
60,404
 
 
 
929
 
 
30,690
 
 
895
 
 
(58,769)
 
 
(34,149)
 
 
 
-
 
Cost at 31 December 2015
 
 
648,992
 
 
 
13,745
 
 
124,832
 
 
10,518
 
 
29,823
 
 
87,000
 
 
 
914,910
 
Additions
 
 
(3,531)
(a)
 
 
406
 
 
466
 
 
-
 
 
20,322
 
 
18,181
 
 
 
35,844
 
Currency translation differences
 
 
16,132
 
 
 
126
 
 
2,077
 
 
35
 
 
73
 
 
790
 
 
 
19,233
 
Disposals
 
 
-
 
 
 
(22)
 
 
-
 
 
-
 
 
-
 
 
-
 
 
 
(22)
 
Write-off / Impairment reversal
 
 
5,664
 
 
 
-
 
 
-
 
 
-
 
 
-
 
 
(31,366)
(d)
 
 
(25,702)
 
Transfers
 
 
24,984
 
 
 
102
 
 
5,038
 
 
-
 
 
(17,292)
 
 
(12,832)
 
 
 
-
 
Cost at 31 December 2016
 
 
692,241
 
 
 
14,357
 
 
132,413
 
 
10,553
 
 
32,926
 
 
61,773
 
 
 
944,263
 
Additions
 
 
7,997
(a)
 
 
954
 
 
-
 
 
-
 
 
66,953
 
 
49,455
 
 
 
125,359
 
Currency translation differences
 
 
(1,142)
 
 
 
(12)
 
 
(147)
 
 
(3)
 
 
(62)
 
 
(104)
 
 
 
(1,470)
 
Disposals
 
 
-
 
 
 
(112)
 
 
-
 
 
(189)
 
 
-
 
 
-
 
 
 
(301)
 
Write-off / Impairment reversal
 
 
-
 
 
 
-
 
 
-
 
 
-
 
 
-
 
 
(5,834)
(e)
 
 
(5,834)
 
Transfers
 
 
77,408
 
 
 
211
 
 
25,130
 
 
-
 
 
(61,827)
 
 
(40,922)
 
 
 
-
 
Cost at 31 December 2017
 
 
776,504
 
 
 
15,398
 
 
157,396
 
 
10,361
 
 
37,990
 
 
64,368
 
 
 
1,062,017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Depreciation and write-down at 1 January 2015
 
 
(240,439)
 
 
 
(4,449)
 
 
(45,147)
 
 
(2,244)
 
 
-
 
 
-
 
 
 
(292,279)
 
Depreciation
 
 
(84,849)
 
 
 
(2,850)
 
 
(15,467)
 
 
(874)
 
 
-
 
 
-
 
 
 
(104,040)
 
Disposals
 
 
-
 
 
 
8
 
 
-
 
 
15
 
 
-
 
 
-
 
 
 
23
 
Currency translation differences
 
 
4,115
 
 
 
(26)
 
 
-
 
 
(92)
 
 
-
 
 
-
 
 
 
3,997
 
Depreciation and write-down at 31 December 2015
 
 
(321,173)
 
 
 
(7,317)
 
 
(60,614)
 
 
(3,195)
 
 
-
 
 
-
 
 
 
(392,299)
 
Depreciation
 
 
(61,080)
 
 
 
(2,702)
 
 
(10,788)
 
 
(920)
 
 
-
 
 
-
 
 
 
(75,490)
 
Disposals
 
 
-
 
 
 
8
 
 
-
 
 
-
 
 
-
 
 
-
 
 
 
8
 
Currency translation differences
 
 
(2,486)
 
 
 
(38)
 
 
(296)
 
 
(16)
 
 
-
 
 
-
 
 
 
(2,836)
 
Depreciation and write-down at 31 December 2016
 
 
(384,739)
 
 
 
(10,049)
 
 
(71,698)
 
 
(4,131)
 
 
-
 
 
-
 
 
 
(470,617)
 
Depreciation
 
 
(57,725)
 
 
 
(1,948)
 
 
(14,558)
 
 
(844)
 
 
-
 
 
-
 
 
 
(75,075)
 
Disposals
 
 
-
 
 
 
73
 
 
-
 
 
38
 
 
-
 
 
-
 
 
 
111
 
Currency translation differences
 
 
930
 
 
 
8
 
 
24
 
 
5
 
 
-
 
 
-
 
 
 
967
 
Depreciation and write-down at 31 December 2017
 
 
(441,534)
 
 
 
(11,916)
 
 
(86,232)
 
 
(4,932)
 
 
-
 
 
-
 
 
 
(544,614)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Carrying amount at 31 December 2015
 
 
327,819
 
 
 
6,428
 
 
64,218
 
 
7,323
 
 
29,823
 
 
87,000
 
 
 
522,611
 
Carrying amount at 31 December 2016
 
 
307,502
 
 
 
4,308
 
 
60,715
 
 
6,422
 
 
32,926
 
 
61,773
 
 
 
473,646
 
Carrying amount at 31 December 2017
 
 
334,970
 
 
 
3,482
 
 
71,164
 
 
5,429
 
 
37,990
 
 
64,368
 
 
 
517,403
 
 
(a) Corresponds to the effect of change in estimate of assets retirement obligations.
 
(b) Exploration wells movement and balances are shown in the table below; seismic and other exploratory assets amount to US$ 53,764,000 (US$ 53,523,000 in 2016 and US$ 64,094,000 in 2015).
 
Amounts in US$ '000
 
Total
 
Exploration wells at 31 December 2015
 
 
22,906
 
Additions
 
 
15,088
 
Write-offs
 
 
(19,949)
 
Transfers
 
 
(9,795)
 
Exploration wells at 31 December 2016
 
 
8,250
 
Additions
 
 
35,299
 
Write-offs
 
 
(3,664)
 
Transfers
 
 
(29,281)
 
Exploration wells at 31 December 2017
 
 
10,604
 
 
As of 31 December 2017, there were two exploratory wells that have been capitalised for a period less than a year amounting to US$ 4,488,000 and two exploratory wells that have been capitalised for a period over a year amounting to US$ 6,116,000.
 
(c) Corresponds to the cost of two unsuccessful exploratory wells in Colombia (one well in CPO4 Block and one well in Llanos 32). The charge also includes the loss generated by the write-off of the seismic cost for Flamenco Block in Chile generated by the relinquishment of 143 sq km in November 2015 and the write off of two wells drilled in previous years in the same block for which no additional work would be performed.
 
(d) Corresponds to the write-off of five wells drilled in previous years in the Chilean blocks for which no additional work would be performed, the loss generated by the write-off of the seismic cost for Llanos 62 Block in Colombia generated by the relinquishment of the area in September 2016. In addition, during September 2016, five blocks in Brazil were relinquished so the associated investment was written off.
 
(e) Corresponds to five unsuccessful exploratory wells, one well drilled in Colombia (Llanos 34 Block), one well drilled in Brazil (REC-T-94 Block) and three non-operated wells drilled in Argentina (Puelen and Sierra del Nevado Blocks) in 2017. The charge also includes the loss generated by the write-off of the seismic cost for Campanario and Isla Norte Blocks in Chile generated by the relinquishment of 327 sq km in 2017.