XML 50 R27.htm IDEA: XBRL DOCUMENT
v3.23.1

Property, plant and equipment | 12 Months Ended
--- | ---
Dec. 31, 2022
Property, plant and equipment |
Property, plant and equipment | ​ Note 20 Property, plant and equipment ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Furniture, | ​ | Production | ​ | Buildings | ​ | ​ | ​ | Exploration | ​ | ​
​ | ​ | Oil & gas | ​ | equipment | ​ | facilities and | ​ | and | ​ | Construction in | ​ | and evaluation | ​ | ​
Amounts in US$’000 | ​ | properties | ​ | and vehicles | ​ | machinery | ​ | improvements | ​ | progress | ​ | assets(a) | ​ | Total
Cost as of January 1, 2020 | ​ | 830,937 | ​ | 19,549 | ​ | 172,507 | ​ | 11,770 | ​ | 69,587 | ​ | 48,036 | ​ | 1,152,386
Additions | ​ | (2,863) | (b) | 1,180 | ​ | — | ​ | 422 | ​ | 55,267 | ​ | 18,429 | ​ | 72,435
Acquisitions (Note 36.1) | ​ | 185,533 | ​ | 553 | ​ | 16,181 | ​ | 212 | ​ | 1,199 | ​ | 73,310 | ​ | 276,988
Currency translation differences | ​ | (14,399) | ​ | (194) | ​ | (1,036) | ​ | (59) | ​ | (47) | ​ | (401) | ​ | (16,136)
Disposals | ​ | — | ​ | (555) | ​ | — | ​ | (227) | ​ | (33) | ​ | — | ​ | (815)
Write-off / Impairment | ​ | (77,667) | (c) | — | ​ | (11,357) | (c) | — | ​ | (44,840) | (c) | (52,652) | (d) | (186,516)
Transfers | ​ | 48,361 | ​ | 174 | ​ | 21,534 | ​ | 324 | ​ | (62,285) | ​ | (8,108) | ​ | —
Assets held for sale (Note 36.2.2) | ​ | (1,285) | ​ | — | ​ | — | ​ | — | ​ | — | ​ | — | ​ | (1,285)
Cost as of December 31, 2020 | ​ | 968,617 | ​ | 20,707 | ​ | 197,829 | ​ | 12,442 | ​ | 18,848 | ​ | 78,614 | ​ | 1,297,057
Additions | ​ | (1,094) | (b) | 930 | ​ | — | ​ | — | ​ | 82,094 | ​ | 46,234 | ​ | 128,164
Currency translation differences | ​ | (3,284) | ​ | (43) | ​ | (246) | ​ | (16) | ​ | (18) | ​ | (30) | ​ | (3,637)
Disposals | ​ | — | ​ | (1,762) | ​ | (900) | ​ | (978) | ​ | (3,372) | ​ | (338) | ​ | (7,350)
Write-off / Impairment | ​ | (1,575) | (c) | — | ​ | (2,759) | (c) | — | ​ | — | ​ | (12,262) | (e) | (16,596)
Transfers | ​ | 68,315 | ​ | 58 | ​ | 13,305 | ​ | 391 | ​ | (70,321) | ​ | (11,748) | ​ | —
Assets held for sale (Note 36.3.1) | ​ | (73,047) | ​ | (1,178) | ​ | (6,052) | ​ | (177) | ​ | (27) | ​ | — | ​ | (80,481)
Cost as of December 31, 2021 | ​ | 957,932 | ​ | 18,712 | ​ | 201,177 | ​ | 11,662 | ​ | 27,204 | ​ | 100,470 | ​ | 1,317,157
Additions | ​ | (7,558) | (b) | 1,620 | ​ | 6 | ​ | (14) | ​ | 107,171 | ​ | 67,889 | ​ | 169,114
Currency translation differences | ​ | 2,921 | ​ | 37 | ​ | 232 | ​ | 6 | ​ | 18 | ​ | 19 | ​ | 3,233
Disposals | ​ | — | ​ | (1,290) | ​ | (26) | ​ | (774) | ​ | — | ​ | — | ​ | (2,090)
Write-off / Impairment | ​ | — | ​ | — | ​ | — | ​ | — | ​ | — | ​ | (25,789) | (f) | (25,789)
Transfers | ​ | 125,962 | ​ | 14 | ​ | 21,338 | ​ | 147 | ​ | (117,913) | ​ | (29,548) | ​ | —
Cost as of December 31, 2022 | ​ | 1,079,257 | ​ | 19,093 | ​ | 222,727 | ​ | 11,027 | ​ | 16,480 | ​ | 113,041 | ​ | 1,461,625
Depreciation and write-down as of January 1, 2020 | ​ | (467,806) | ​ | (15,149) | ​ | (95,047) | ​ | (6,596) | ​ | — | ​ | — | ​ | (584,598)
Depreciation | ​ | (89,344) | ​ | (2,317) | ​ | (16,820) | ​ | (490) | ​ | — | ​ | — | ​ | (108,971)
Disposals | ​ | — | ​ | 326 | ​ | — | ​ | 72 | ​ | — | ​ | — | ​ | 398
Currency translation differences | ​ | 8,572 | ​ | 155 | ​ | 1,880 | ​ | 39 | ​ | — | ​ | — | ​ | 10,646
Assets held for sale (Note 36.2.2) | ​ | 133 | ​ | — | ​ | — | ​ | — | ​ | — | ​ | — | ​ | 133
Depreciation and write-down as of December 31, 2020 | ​ | (548,445) | ​ | (16,985) | ​ | (109,987) | ​ | (6,975) | ​ | — | ​ | — | ​ | (682,392)
Depreciation | ​ | (66,011) | ​ | (1,960) | ​ | (12,468) | ​ | (700) | ​ | — | ​ | — | ​ | (81,139)
Disposals | ​ | — | ​ | 1,325 | ​ | 900 | ​ | 838 | ​ | — | ​ | — | ​ | 3,063
Currency translation differences | ​ | 2,219 | ​ | 37 | ​ | 246 | ​ | 16 | ​ | — | ​ | — | ​ | 2,518
Assets held for sale (Note 36.3.1) | ​ | 49,080 | ​ | 915 | ​ | 4,692 | ​ | 153 | ​ | — | ​ | — | ​ | 54,840
Depreciation and write-down as of December 31, 2021 | ​ | (563,157) | ​ | (16,668) | ​ | (116,617) | ​ | (6,668) | ​ | — | ​ | — | ​ | (703,110)
Depreciation | ​ | (76,720) | ​ | (1,344) | ​ | (12,244) | ​ | (672) | ​ | — | ​ | — | ​ | (90,980)
Disposals | ​ | — | ​ | 1,246 | ​ | 19 | ​ | 752 | ​ | — | ​ | — | ​ | 2,017
Currency translation differences | ​ | (2,403) | ​ | (33) | ​ | (231) | ​ | (6) | ​ | — | ​ | — | ​ | (2,673)
Depreciation and write-down as of December 31, 2022 | ​ | (642,280) | ​ | (16,799) | ​ | (129,073) | ​ | (6,594) | ​ | — | ​ | — | ​ | (794,746)
​ | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ | ​
Carrying amount as of December 31, 2020 | ​ | 420,172 | ​ | 3,722 | ​ | 87,842 | ​ | 5,467 | ​ | 18,848 | ​ | 78,614 | ​ | 614,665
Carrying amount as of December 31, 2021 | ​ | 394,775 | ​ | 2,044 | ​ | 84,560 | ​ | 4,994 | ​ | 27,204 | ​ | 100,470 | ​ | 614,047
Carrying amount as of December 31, 2022 | ​ | 436,977 | ​ | 2,294 | ​ | 93,654 | ​ | 4,433 | ​ | 16,480 | ​ | 113,041 | ​ | 666,879
(a) | Exploration wells movement and balances are shown in the table below; mining property associated with unproved reserves and resources, seismic and other exploratory assets amount to US$ 96,041,000 (US$ 90,166,000 in 2021 and US$ 75,485,000 in 2020).
​
​ | ​ | ​
Amounts in US$ ‘000 | ​ | Total
Exploration wells as of December 31, 2020 | ​ | 3,129
Additions | ​ | 25,795
Write-offs | ​ | (6,814)
Transfers | ​ | (11,806)
Exploration wells as of December 31, 2021 | ​ | 10,304
Additions | ​ | 56,491
Write-offs | ​ | (21,460)
Transfers | ​ | (28,335)
Exploration wells as of December 31, 2022 | ​ | 17,000
​ As of December 31, 2022, there were six exploratory wells that have been capitalized for a period less than a year amounting to US$ 17,000,000. ​
(b) | Corresponds to the effect of change in estimate of assets retirement obligations.
(c) | See Note 37.
(d) | Corresponds to three unsuccessful exploratory wells drilled in the Isla Norte Block (Chile), Llanos 94 Block (Colombia) and CPO-5 Block (Colombia), and exploration costs incurred in previous years in the POT-T-619 Block (Brazil) for which no additional work would be performed. The charge also includes the write-off of seismic and other exploration costs incurred in previous years in the Fell, Campanario, Flamenco and Isla Norte Blocks (Chile), where, as a result of the drilling campaign performed during 2020 and in accordance with the Group’s accounting policy, it cannot be clearly demonstrated that the carrying value of the investment is recoverable.
(e) | Corresponds to two unsuccessful exploratory wells drilled in the Llanos 32 Block (Colombia), other exploration costs incurred in the Fell Block (Chile), an exploratory well drilled in previous years in the CPO-5 Block (Colombia) and other exploration costs incurred in previous years in the PUT-30 Block (Colombia) for which no additional work would be performed.
(f) | Corresponds to exploration costs incurred in previous years in the Tacacho and Terecay Blocks (Colombia) for which no additional work would be performed, four exploratory wells drilled in the CPO-5, Platanillo, Llanos 34 and Llanos 94 Blocks (Colombia), and certain exploration costs incurred in the Espejo Block (Ecuador).

X
- References No definition available. + Details
Name: | ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for property, plant and equipment. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2022-03-24 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2022-en-r&doctype=Standard&dita_xref=IAS16_g73-79__IAS16_g73-79_TI -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration