XML 132 R108.htm IDEA: XBRL DOCUMENT v3.19.1
Property, plant and equipment (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Disclosure of detailed information about property, plant and equipment [line items]      
Property, plant and equipment at the beginning $ 517,403 $ 473,646  
Depreciation [1] (92,663) (75,075) $ (75,490)
Property, plant and equipment at year-end 557,170 517,403 473,646
Oil and gas assets [member]      
Disclosure of detailed information about property, plant and equipment [line items]      
Property, plant and equipment at the beginning 334,970 307,502  
Depreciation (72,130) (57,725) (61,080)
Property, plant and equipment at year-end 358,152 334,970 307,502
Buildings [member]      
Disclosure of detailed information about property, plant and equipment [line items]      
Property, plant and equipment at the beginning 5,429 6,422  
Depreciation (996) (844) (920)
Property, plant and equipment at year-end 5,652 5,429 6,422
Construction in Progress [Member]      
Disclosure of detailed information about property, plant and equipment [line items]      
Property, plant and equipment at the beginning 37,990 32,926  
Property, plant and equipment at year-end 60,597 37,990 32,926
Furniture Equipment And Vehicle [Member]      
Disclosure of detailed information about property, plant and equipment [line items]      
Property, plant and equipment at the beginning 3,482 4,308  
Property, plant and equipment at year-end 4,387 3,482 4,308
Production facilities and machinery [Member]      
Disclosure of detailed information about property, plant and equipment [line items]      
Property, plant and equipment at the beginning 71,164 60,715  
Property, plant and equipment at year-end 68,390 71,164 60,715
Exploration and evaluation assets [member]      
Disclosure of detailed information about property, plant and equipment [line items]      
Property, plant and equipment at the beginning 64,368 61,773  
Property, plant and equipment at year-end 59,992 64,368 61,773
Gross carrying amount [member]      
Disclosure of detailed information about property, plant and equipment [line items]      
Property, plant and equipment at the beginning 1,062,017 944,263 914,910
Additions 121,429 125,359 35,844
Currency translation differences (13,466) (1,470) 19,233
Disposals (463) (301) (22)
Write-off / Impairment loss (21,407) (5,834) (25,702)
Transfers 0 0 0
Acquisitions (Note 35.3) 54,929    
Assets held for sale (Note 35.2)` (163,544)    
Property, plant and equipment at year-end 1,039,495 1,062,017 944,263
Gross carrying amount [member] | Oil and gas assets [member]      
Disclosure of detailed information about property, plant and equipment [line items]      
Property, plant and equipment at the beginning 776,504 692,241 648,992
Additions [2] (5,753) 7,997 (3,531)
Currency translation differences (11,525) (1,142) 16,132
Disposals 0 0 0
Write-off / Impairment loss 5,109 0 5,664
Transfers 63,794 77,408 24,984
Acquisitions (Note 35.3) 52,925    
Assets held for sale (Note 35.2)` (163,544)    
Property, plant and equipment at year-end 717,510 776,504 692,241
Gross carrying amount [member] | Buildings [member]      
Disclosure of detailed information about property, plant and equipment [line items]      
Property, plant and equipment at the beginning 10,361 10,553 10,518
Additions 0 0 0
Currency translation differences (30) (3) 35
Disposals 0 (189) 0
Write-off / Impairment loss 0 0 0
Transfers 1,089 0 0
Acquisitions (Note 35.3) 134    
Assets held for sale (Note 35.2)` 0    
Property, plant and equipment at year-end 11,554 10,361 10,553
Gross carrying amount [member] | Construction in Progress [Member]      
Disclosure of detailed information about property, plant and equipment [line items]      
Property, plant and equipment at the beginning 37,990 32,926 29,823
Additions 81,961 66,953 20,322
Currency translation differences (15) (62) 73
Disposals 0 0 0
Write-off / Impairment loss (7) 0 0
Transfers (59,332) (61,827) (17,292)
Acquisitions (Note 35.3) 0    
Assets held for sale (Note 35.2)` 0    
Property, plant and equipment at year-end 60,597 37,990 32,926
Gross carrying amount [member] | Furniture Equipment And Vehicle [Member]      
Disclosure of detailed information about property, plant and equipment [line items]      
Property, plant and equipment at the beginning 15,398 14,357 13,745
Additions 1,706 954 406
Currency translation differences (130) (12) 126
Disposals (46) (112) (22)
Write-off / Impairment loss 0 0 0
Transfers 566 211 102
Acquisitions (Note 35.3) 254    
Assets held for sale (Note 35.2)` 0    
Property, plant and equipment at year-end 17,748 15,398 14,357
Gross carrying amount [member] | Production facilities and machinery [Member]      
Disclosure of detailed information about property, plant and equipment [line items]      
Property, plant and equipment at the beginning 157,396 132,413 124,832
Additions 0 0 466
Currency translation differences (884) (147) 2,077
Disposals (417) 0 0
Write-off / Impairment loss (120) 0 0
Transfers 14,503 25,130 5,038
Acquisitions (Note 35.3) 1,616    
Assets held for sale (Note 35.2)` 0    
Property, plant and equipment at year-end 172,094 157,396 132,413
Gross carrying amount [member] | Exploration and evaluation assets [member]      
Disclosure of detailed information about property, plant and equipment [line items]      
Property, plant and equipment at the beginning 64,368 61,773 87,000
Additions 43,515 49,455 18,181
Currency translation differences (882) (104) 790
Disposals 0 0 0
Write-off / Impairment loss (26,389) [3] (5,834) [4] (31,366) [5]
Transfers (20,620) (40,922) (12,832)
Acquisitions (Note 35.3) 0    
Assets held for sale (Note 35.2)` 0    
Property, plant and equipment at year-end 59,992 64,368 61,773
Accumulated depreciation, amortisation and impairment [member]      
Disclosure of detailed information about property, plant and equipment [line items]      
Property, plant and equipment at the beginning (544,614) (470,617) (392,299)
Currency translation differences 6,747 967 (2,836)
Depreciation (92,663) (75,075) (75,490)
Disposals 191 111 8
Assets held for sale (Note 35.2)` 148,014    
Property, plant and equipment at year-end (482,325) (544,614) (470,617)
Accumulated depreciation, amortisation and impairment [member] | Oil and gas assets [member]      
Disclosure of detailed information about property, plant and equipment [line items]      
Property, plant and equipment at the beginning (441,534) (384,739) (321,173)
Currency translation differences 6,292 930 (2,486)
Depreciation (72,130) (57,725) (61,080)
Disposals 0 0 0
Assets held for sale (Note 35.2)` 148,014    
Property, plant and equipment at year-end (359,358) (441,534) (384,739)
Accumulated depreciation, amortisation and impairment [member] | Buildings [member]      
Disclosure of detailed information about property, plant and equipment [line items]      
Property, plant and equipment at the beginning (4,932) (4,131) (3,195)
Currency translation differences 26 5 (16)
Depreciation (996) (844) (920)
Disposals 0 38 0
Assets held for sale (Note 35.2)` 0    
Property, plant and equipment at year-end (5,902) (4,932) (4,131)
Accumulated depreciation, amortisation and impairment [member] | Construction in Progress [Member]      
Disclosure of detailed information about property, plant and equipment [line items]      
Property, plant and equipment at the beginning 0 0 0
Currency translation differences 0 0 0
Depreciation 0 0 0
Disposals 0 0 0
Assets held for sale (Note 35.2)` 0    
Property, plant and equipment at year-end 0 0 0
Accumulated depreciation, amortisation and impairment [member] | Furniture Equipment And Vehicle [Member]      
Disclosure of detailed information about property, plant and equipment [line items]      
Property, plant and equipment at the beginning (11,916) (10,049) (7,317)
Currency translation differences 92 8 (38)
Depreciation (1,579) (1,948) (2,702)
Disposals 42 73 8
Assets held for sale (Note 35.2)` 0    
Property, plant and equipment at year-end (13,361) (11,916) (10,049)
Accumulated depreciation, amortisation and impairment [member] | Production facilities and machinery [Member]      
Disclosure of detailed information about property, plant and equipment [line items]      
Property, plant and equipment at the beginning (86,232) (71,698) (60,614)
Currency translation differences 337 24 (296)
Depreciation (17,958) (14,558) (10,788)
Disposals 149 0 0
Assets held for sale (Note 35.2)` 0    
Property, plant and equipment at year-end (103,704) (86,232) (71,698)
Accumulated depreciation, amortisation and impairment [member] | Exploration and evaluation assets [member]      
Disclosure of detailed information about property, plant and equipment [line items]      
Property, plant and equipment at the beginning 0 0 0
Currency translation differences 0 0 0
Depreciation 0 0 0
Disposals 0 0 0
Assets held for sale (Note 35.2)` 0    
Property, plant and equipment at year-end $ 0 $ 0 $ 0
[1] Depreciation without considering capitalised costs for oil stock included in Inventories.
[2] Corresponds to the effect of change in estimate of assets retirement obligations.
[3] Corresponds to nine unsuccessful exploratory wells, four wells drilled in Colombia (Tiple, Llanos 34 and Llanos 32 Blocks), two wells drilled in Brazil (POT-T-747 and POT-T-619 Blocks) and three wells drilled in Argentina (Puelen Block). The change also includes the write-off of a well and other exploration costs incurred in the Fell Block (Chile) in previous years and other exploration costs incurred in the VIM-3 Block (Colombia), and POT-T-882 and REC-T-93 Blocks (Brazil), for which no additional work would be performed.
[4] 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.
[5] 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.