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Property, plant and equipment (Tables) | 12 Months Ended
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Dec. 31, 2019
Property, plant and equipment [abstract] |
Property, plant and equipment [text block] |
(in USD million) | Machinery, equipment and transportation equipment | Production plants and oil and gas assets | Refining and manufacturing plants | Buildings and land | Assets under development | Right of use assets4) | Total
Cost at 31 December 2018 | 3,596 | 166,766 | 8,660 | 932 | 14,961 | 0 | 194,916
Implementation of IFRS 16 Leases 5) | (813) | (184) | 0 | 0 | 0 | 4,989 | 3,992
Cost at 1 January 2019 | 2,783 | 166,582 | 8,660 | 932 | 14,961 | 4,989 | 198,908
Additions through business combinations | 1 | 1,706 | 5 | 0 | 381 | 0 | 2,093
Additions and transfers | 44 | 16,023 | 300 | (16) | (4,448) | 426 | 12,330
Disposals at cost | (7) | (4,911) | (0) | (7) | (59) | (35) | (5,020)
Effect of changes in foreign exchange | (2) | (337) | (44) | (0) | (464) | (41) | (888)
Cost at 31 December 2019 | 2,818 | 179,063 | 8,920 | 909 | 10,371 | 5,339 | 207,422
Accumulated depreciation and impairment losses at 31 December 2018 | (2,802) | (119,589) | (6,613) | (465) | (185) | 0 | (129,654)
Implementation of IFRS 16 Leases 5) | 511 | 106 | 0 | 0 | 0 | (617) | 0
Accumulated depreciation and impairment losses at 1 January 2019 | (2,291) | (119,483) | (6,613) | (465) | (185) | (617) | (129,654)
Depreciation | (120) | (8,555) | (298) | (25) | 0 | (752) | (9,750)
Impairment losses | (6) | (2,430) | (178) | (3) | (707) | (26) | (3,350)
Reversal of impairment losses | 0 | 120 | 0 | 0 | 0 | 0 | 120
Transfers | 13 | (134) | (0) | 13 | 26 | 42 | (40)
Accumulated depreciation and impairment on disposed assets | 7 | 4,540 | 0 | 5 | 0 | 24 | 4,576
Effect of changes in foreign exchange | 1 | 616 | 38 | (0) | (26) | (1) | 628
Accumulated depreciation and impairment losses at 31 December 2019 | (2,395) | (125,327) | (7,051) | (475) | (892) | (1,329) | (137,469)
Carrying amount at 31 December 2019 | 423 | 53,736 | 1,870 | 434 | 9,479 | 4,011 | 69,953
Estimated useful lives (years) | 3 - 20 | UoP1) | 15 - 20 | 20 - 332) |  | 1 - 193) |
(in USD million) | Machinery, equipment and transportation equipment, including vessels | Production plants and oil and gas assets | Refining and manufacturing plants | Buildings and land | Assets under development | Total
Cost at 31 December 2017 | 3,470 | 157,533 | 8,646 | 866 | 18,140 | 188,656
Additions through business combinations | 76 | 2,473 | 0 | 48 | 1,370 | 3,968
Additions and transfers | 90 | 13,017 | 328 | 32 | (3,322) | 10,144
Disposals at cost | (12) | (505) | (0) | (1) | (366) | (884)
Effect of changes in foreign exchange | (28) | (5,752) | (314) | (13) | (861) | (6,967)
Cost at 31 December 2018 | 3,596 | 166,766 | 8,660 | 932 | 14,961 | 194,916
Accumulated depreciation and impairment losses at 31 December 2017 | (2,853) | (113,781) | (6,200) | (439) | (1,746) | (125,019)
Depreciation | (137) | (9,249) | (426) | (29) | 0 | (9,841)
Impairment losses | 0 | (762) | 0 | 0 | (32) | (794)
Reversal of impairment losses | 155 | 1,087 | 0 | 0 | 156 | 1,398
Transfers | (0) | (1,799) | (229) | (1) | 1,067 | (961)
Accumulated depreciation and impairment on disposed assets | 12 | 602 | 0 | 0 | 366 | 980
Effect of changes in foreign exchange | 21 | 4,312 | 242 | 4 | 5 | 4,583
Accumulated depreciation and impairment losses at 31 December 2018 | (2,802) | (119,589) | (6,613) | (465) | (185) | (129,654)
Carrying amount at 31 December 2018 | 794 | 47,177 | 2,048 | 467 | 14,776 | 65,262
Estimated useful lives (years) | 3 - 20 | UoP 1) | 15 - 20 | 20 - 33 2) |  |
1)Depreciation according to unit of production method (UoP), see note 2 Significant accounting policies. 2)Land is not depreciated. 3)Depreciation linearly over contract period. 4)See note 22 Leases. 5)See note 23 Implementation of IFRS 16 Leases.
Impairments [text block] |
(in USD million) | Property, plant and equipment | Intangible assets3) | Total
At 31 December 2019 |  |  |
Producing and development assets1) | 3,230 | 608 | 3,838
Goodwill1) | - | 164 | 164
Other intangible assets1) | - | 41 | 41
Acquisition costs related to oil and gas prospects2) | - | 49 | 49
Total net impairment loss/(reversal) recognised | 3,230 | 863 | 4,093
At 31 December 2018 |  |  |
Producing and development assets1) | (604) | 237 | (367)
Acquisition costs related to oil and gas prospects2) | - | 52 | 52
Total net impairment loss/(reversal) recognised | (604) | 289 | (315)
1)Producing and development assets, goodwill and other intangible assets are subject to impairment assessment under IAS 36. The total net impairment losses recognised under IAS 36 in 201 9 amount to USD 4,043 million, compared to 201 8 when the net impairment reversal amounted to USD 3 67 million, including impairment of acquisition costs - oil and gas prospects (intangible assets). 2)Acquisition costs related to exploration activities, subject to impairment assessment under the successful efforts method (IFRS 6). 3)See note 11 Intangible assets.
Impairment of the carrying amount of impaired asset [text block] |
|  | 2019 | 2018 |
(in USD million) | Valuation method | Carrying amount after impairment | Net impairment loss/ (reversal) | Carrying amount after impairment | Net impairment loss/ (reversal) |
At 31 December |  |  |  |  |  |
Exploration & Production Norway | VIU | 4,406 | 1,119 | 1,966 | (201) |
| FVLCOD | 0 | 0 | 1,232 | (402) |
North America - unconventional | VIU | 7,509 | 1,631 | 5,771 | 762 |
| FVLCOD | 0 1) | 610 | 0 | 0 |
North America - conventional offshore US Gulf of Mexico | VIU | 1,079 | 292 | 3,989 | (246) |
| FVLCOD | 0 | 0 | 0 | 0 |
North Africa | VIU | 0 | 0 | 451 | (126) |
| FVLCOD | 0 | 0 | 0 | 0 |
Europe and Asia | VIU | 645 | (18) | 0 | 0 |
| FVLCOD | 0 | 0 | 0 | 0 |
Marketing, Midstream & Processing | VIU | 65 | 178 | 403 | (155) |
| FVLCOD | 0 | 0 | 0 | 0 |
Right of use assets | VIU | 0 | 26 | 0 | 0 |
| FVLCOD | 0 | 0 | 0 | 0 |
Total |  | 13,704 | 3,838 | 13,813 | (367) |
1) Asset is disposed. |
Disclosure of price assumptions used for impairment calculations [Table Text Block] |
Year Prices in real terms 1) |  |  | 2020 |  | 2025 |  | 2030
Brent Blend – USD/bbl |  |  |  | 59 | (68) |  | 77 | (78) |  | 80 | (82)
NBP - USD/mmBtu |  |  |  | 4.2 | (7.7) |  | 7.0 | (8.2) |  | 7.5 | (8.2)
Henry Hub – USD/mmBtu |  |  |  | 2.4 | (3.2) |  | 3.1 | (4.1) |  | 3.6 | (4.1)
1) Basis year 2019. |  |  |  |  |  |  |  |  |  |  |

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