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Lease Liabilities
 12 Months Ended
Dec. 31, 2020
Lease Liabilities [Abstract]  
Lease Liabilities

25. LEASE LIABILITIES

 

2020

 

 

2019

 

Lease Liabilities, Beginning of Year

 

1,916

 

 

 

1,494

 

Additions

 

49

 

 

 

590

 

Interest Expense (Note 6)

 

87

 

 

 

82

 

Lease Payments

 

(284

)

 

 

(232

)

Terminations

 

(1

)

 

 

(11

)

Modifications

 

(2

)

 

 

-

 

Re-measurement

 

(2

)

 

 

15

 

Exchange Rate Movements and Other

 

(6

)

 

 

(22

)

Lease Liabilities, End of Year

 

1,757

 

 

 

1,916

 

Less: Current Portion

 

184

 

 

 

196

 

Long-Term Portion

 

1,573

 

 

 

1,720

 

The Company has lease liabilities for contracts related to office space, railcars, barges, storage assets, drilling and service rigs, and other refining and field equipment. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions.

For the years ended December 31,

2020

 

 

2019

 

Variable Lease Payments

 

16

 

 

 

19

 

Short-Term Lease Payments

 

6

 

 

 

13

 

The Company has variable lease payments related to property taxes for real estate contracts. Short-term leases are leases with terms of twelve months or less.

The Company has included extension options in the calculation of lease liabilities where the Company has the right to extend a lease term at its discretion and is reasonably certain to exercise the extension option. The Company does not have any significant termination options and the residual amounts are not material.