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v3.24.1.u1

Natural and environmental resources (Details) - COP ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2023 | Dec. 31, 2022
Natural and environmental resources |  |
Beginning Balance | $ 42,323,610 |
Ending Balance | 45,216,133 | $ 42,323,610
Cost | Oil and gas investments |  |
Natural and environmental resources |  |
Beginning Balance | 88,338,471 | 76,229,481
Additions/capitalizations | 11,899,832 | 8,368,195
Abandonment cost update (Note 22) | 0 |
Disposals | (503,017) | (759,178)
Capitalized financial interests | 256,382 | 136,696
Exchange differences capitalized | 1,158 | 798
Foreign currency translation | (6,179,993) | 4,431,851
Transfers/reclassifications | 363,009 | 153,686
Ending Balance | 94,175,842 | 88,338,471
Write off exploratory assets and dry wells (3) | 0 | (223,058)
Beginning Balance | 88,338,471 |
Ending Balance |  | 88,338,471
Cost | Assets retirement obligations |  |
Natural and environmental resources |  |
Beginning Balance | 7,104,903 | 8,172,698
Additions/capitalizations | 3,197 |
Abandonment cost update (Note 22) | 3,262,348 | (1,130,363)
Disposals | 0 | (114,899)
Capitalized financial interests | 0 |
Exchange differences capitalized | 0 |
Foreign currency translation | (220,433) | 127,871
Transfers/reclassifications | (3,472) | 49,596
Ending Balance | 10,146,543 | 7,104,903
Write off exploratory assets and dry wells (3) | 0 |
Beginning Balance | 7,104,903 |
Ending Balance |  | 7,104,903
Cost | Exploration and evaluation |  |
Natural and environmental resources |  |
Beginning Balance | 10,480,025 | 7,212,305
Additions/capitalizations | 2,061,406 | 3,594,349
Abandonment cost update (Note 22) | (67,112) | 21,524
Disposals | 0 | (6,084)
Capitalized financial interests | 89,952 | 60,570
Exchange differences capitalized | 404 | 353
Effect of adopting new standards |  | 48,173
Foreign currency translation | (875,454) | 533,347
Transfers/reclassifications | (498,093) | (175,406)
Ending Balance | 9,718,731 | 10,480,025
Write off exploratory assets and dry wells (3) | (1,472,397) | (809,106)
Beginning Balance | 10,480,025 |
Ending Balance |  | 10,480,025
Accumulated depreciation and impairment losses | Oil and gas investments |  |
Natural and environmental resources |  |
Beginning Balance | (58,382,473) | (51,316,344)
Disposals | 79,824 | 421,036
Foreign currency translation | 3,249,017 | (2,354,611)
Transfers/reclassifications | 41,224 | 35,677
Ending Balance | (63,009,839) | (58,382,473)
Depletion expense | (6,098,607) | (4,536,052)
(Loss) reversal of impairment (Note 17) | (1,898,824) | (632,179)
Beginning Balance | (58,382,473) |
Ending Balance |  | (58,382,473)
Accumulated depreciation and impairment losses | Assets retirement obligations |  |
Natural and environmental resources |  |
Beginning Balance | (5,088,086) | (4,230,674)
Disposals | 0 | 96,489
Foreign currency translation | 117,626 | (82,927)
Transfers/reclassifications | 0 | (70,835)
Ending Balance | (5,478,111) | (5,088,086)
Depletion expense | (507,651) | (800,139)
(Loss) reversal of impairment (Note 17) | 0 |
Beginning Balance | (5,088,086) |
Ending Balance |  | (5,088,086)
Accumulated depreciation and impairment losses | Exploration and evaluation |  |
Natural and environmental resources |  |
Beginning Balance | (129,230) | (157,622)
Disposals | 0 | 11,793
Foreign currency translation | 0 |
Transfers/reclassifications | 46,905 | 7,494
Ending Balance | (337,033) | (129,230)
Depletion expense | 0 |
(Loss) reversal of impairment (Note 17) | (254,708) | 9,105
Beginning Balance | (129,230) |
Ending Balance |  | (129,230)
Natural and environmental resources |  |
Natural and environmental resources |  |
Beginning Balance | 42,323,610 | 35,909,844
Ending Balance | 45,216,133 | 42,323,610
Natural and environmental resources | Oil and gas investments |  |
Natural and environmental resources |  |
Beginning Balance | 29,955,998 | 24,913,137
Ending Balance | 31,166,003 | 29,955,998
Natural and environmental resources | Assets retirement obligations |  |
Natural and environmental resources |  |
Beginning Balance | 2,016,817 | 3,942,024
Ending Balance | 4,668,432 | 2,016,817
Natural and environmental resources | Exploration and evaluation |  |
Natural and environmental resources |  |
Beginning Balance | 10,350,795 | 7,054,683
Ending Balance | 9,381,698 | 10,350,795
Natural and environmental resources | Cost |  |
Natural and environmental resources |  |
Beginning Balance | 105,923,399 | 91,614,484
Additions/capitalizations | 13,964,435 | 11,962,544
Abandonment cost update (Note 22) | 3,195,236 | (1,108,839)
Disposals | (503,017) | (880,161)
Capitalized financial interests | 346,334 | 197,266
Exchange differences capitalized | 1,562 | 1,151
Effect of adopting new standards |  | 48,173
Foreign currency translation | (7,275,880) | 5,093,069
Transfers/reclassifications | (138,556) | 27,876
Ending Balance | 114,041,116 | 105,923,399
Write off exploratory assets and dry wells (3) | (1,472,397) | (1,032,164)
Beginning Balance | 105,923,399 |
Ending Balance |  | 105,923,399
Natural and environmental resources | Accumulated depreciation and impairment losses |  |
Natural and environmental resources |  |
Beginning Balance | (63,599,789) | (55,704,640)
Disposals | 79,824 | 529,318
Foreign currency translation | 3,366,643 | (2,437,538)
Transfers/reclassifications | 88,129 | (27,664)
Ending Balance | (68,824,983) | (63,599,789)
Depletion expense | (6,606,258) | (5,336,191)
(Loss) reversal of impairment (Note 17) | (2,153,532) | (623,074)
Beginning Balance | $ (63,599,789) |
Ending Balance |  | $ (63,599,789)

X
- Definition The amount of assets arising from the search for mineral resources, including minerals, oil, natural gas and similar non-regenerative resources after the entity has obtained legal rights to explore in a specific area, as well as the determination of the technical feasibility and commercial viability of extracting the mineral resource. + References No definition available. + Details
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