MEXICAN PETROLEUM | CIK:0000932782 | 3

  • Filed: 4/30/2018
  • Entity registrant name: MEXICAN PETROLEUM (CIK: 0000932782)
  • Generator: Donnelley Financial Solutions
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/932782/000119312518143901/0001193125-18-143901-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/932782/000119312518143901/ck0000932782-20171231.xml
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    • ifrs-full:DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory

        Plants     Drilling
    equipment    		     Pipelines     Wells     Buildings     Offshore
    platforms    		     Furniture and
    equipment    		     Transportation
    equipment    		     Construction
    in progress    		     Land     Unproductive
    fixed assets    		     Other
    fixed
    assets    		     Total
    fixed assets    		  

    Investment

    		                          

    Balances as of January 1, 2016

    		     Ps. 648,412,014       21,680,343       419,979,508       1,066,515,651       66,284,466       260,328,096       52,966,194       15,329,095       211,675,597       43,347,802       —         630,878       2,807,149,644  

    Acquisitions

    		     20,406,464       1,629,710       1,265,011       8,239,480       2,541,802       9,866,984       545,271       2,063,519       107,682,868       1,487,434       6,800       —         155,735,343  

    Reclassifications

    		     150,817       —         (1,268,887 )      8,649,686       (6,610,184 )      —         (561,569 )      (325,778 )      (282,044 )      50,709       2,039       (137,246 )      (332,457 ) 

    Capitalization

    		     15,943,630       —         11,851,378       40,825,973       1,085,323       17,318,279       2,769       2,918,621       (89,945,973 )      —         —         —         —    

    Impairment

    		     81,135,967       —         31,967,407       198,974,994       —         35,640,491       438,979       8,743       (16,852,238 )      —         —         —         331,314,343  

    Disposals

    		     (7,602,782 )      (40,937 )      (3,648,989 )      (4,382,867 )      (558,374 )      (449,645 )      (2,644,957 )      (551,355 )      (4,864,062 )      (314,327 )      (8,839 )      (2,126 )      (25,069,260 ) 
     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

    Balances as of December 31, 2016

    		     758,446,110       23,269,116       460,145,428       1,318,822,917       62,743,033       322,704,205       50,746,687       19,442,845       207,414,148       44,571,618       —         491,506       3,268,797,613  

    Acquisitions

    		     10,018,030       418,283       7,054,793       14,937,882       802,300       7,811,374       1,183,679       284,445       51,410,469       58,563       —         —         93,979,818  

    Reclassifications

    		     3,146,955       —         (53,349 )      —         98,245       (10,199,213 )      (96,899 )      (75,674 )      (812,943 )      (560 )      —         4,072,464       (3,920,974 ) 

    Capitalization

    		     43,033,864       —         21,357,074       36,564,811       1,265,246       8,677,765       30,879       3,746,395       (114,700,828 )      29,248       —         (4,454 )      —    

    Impairment

    		     (48,020,616 )      —         2,226,771       (83,236,991 )      —         (15,564,190 )      —         —         (6,849,534 )      —         —         —         (151,444,560 ) 

    Disposals

    		     (10,598,983 )      (244,283 )      (8,862,541 )      (19,340,709 )      (208,353 )      —         (806,694 )      (226,375 )      (6,724,930 )      (112,170 )      —         (4,440,865 )      (51,565,902 ) 
     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

    Balances as of December 31, 2017

    		     Ps. 756,025,360       23,443,116       481,868,176       1,267,747,910       64,700,471       313,429,941       51,057,652       23,171,636       129,736,382       44,546,699       —         118,651       3,155,845,995  
     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

    Accumulated depreciation and amortization

    		                          

    Balances as of January 1, 2016

    		     Ps.(321,283,906 )      (578,015 )      (139,331,407 )      (780,443,639 )      (37,712,087 )      (140,908,960 )      (36,513,479 )      (5,894,520 )      —         —         —         —         (1,462,666,013 ) 

    Depreciation and amortization

    		     (44,549,443 )      (2,364,560 )      (15,153,879 )      (70,090,038 )      (1,796,383 )      (12,252,810 )      (3,205,089 )      (1,027,289 )      —         —         —         —         (150,439,491 ) 

    Reclassifications

    		     (10,521 )      —         (166,632 )      (3,077 )      (108,718 )      —         166,914       454,492       —         —         —         —         332,458  

    Disposals

    		     5,826,891       —         2,286,691       —         492,557       —         2,560,988       550,554       —         —         —         —         11,717,681  
     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

    Balances as of December 31, 2016

    		     (360,016,979 )      (2,942,575 )      (152,365,227 )      (850,536,754 )      (39,124,631 )      (153,161,770 )      (36,990,666 )      (5,916,763 )      —         —         —         —         (1,601,055,365 ) 

    Depreciation and amortization

    		     (45,709,123 )      (2,198,867 )      (15,095,115 )      (74,673,473 )      (1,906,164 )      (13,192,369 )      (2,890,563 )      (1,038,839 )      —         —         —         —         (156,704,513 ) 

    Reclassifications

    		     2,799,244       —         (72,841 )      —         (69,236 )      1,146,904       102,375       14,532       —         —         —         —         3,920,978  

    Disposals

    		     8,902,711       127,458       7,573,769       16,810,591       59,022       —         805,916       222,764       —         —         —         —         34,502,231  
     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

    Balances as of December 31, 2017

    		     Ps.(394,024,147 )      (5,013,984 )      (159,959,414 )      (908,399,636 )      (41,041,009 )      (165,207,235 )      (38,972,938 )      (6,718,306 )      —         —         —         —         (1,719,336,669 ) 
     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

    Wells, pipelines, properties, plant and equipment—net as of December 31, 2016

    		     Ps. 398,429,131       20,326,541       307,780,201       468,286,163       23,618,402       169,542,435       13,756,021       13,526,082       207,414,148       44,571,618       —         491,506       1,667,742,248  
     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

    Wells, pipelines, properties, plant and equipment—net as of December 31, 2017

    		     Ps. 362,001,214       18,429,132       321,908,762       359,348,274       23,659,462       148,222,706       12,084,714       16,453,330       129,736,382       44,546,699       —         118,651       1,436,509,326  
     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

    Depreciation rates

    		     3 to 5 %      5 %      2 to 7 %      —         3 to 7 %      4 %      3 to 10 %      4 to 20 %      —         —         —         —         —    

    Estimated useful lives

    		     20 to 35       20       15 to 45       —         33 to 35       25       3 to 10       5 to 25       —         —         —         —         —    

     

    a. As of December 31, 2017, 2016 and 2015, the financing cost identified with fixed assets in the construction or installation stage, capitalized as part of the value of such fixed assets, was Ps. 3,060,963, Ps. 3,667,752 and Ps. 5,258,854, respectively.

     

    b. The combined depreciation of fixed assets and amortization of wells for the fiscal years ended December 31, 2017, 2016 and 2015, recognized in operating costs and expenses, was Ps.156,704,513, Ps. 150,439,491 and Ps. 167,951,250, respectively, which includes costs related to plugging and abandonment of wells for the years ended December 31, 2017, 2016 and 2015 of Ps. 850,015, Ps. 1,698,312, and Ps. 1,401,870, respectively.

     

    c. As of December 31, 2017 and 2016, provisions relating to future plugging of wells costs amounted to Ps. 68,797,600 and Ps. 64,967,710, respectively, and are presented in the “Provisions for plugging of wells” (see Note 18).

     

    d. As of December 31, 2017 and 2016, acquisitions of property, plant and equipment include transfers from wells unassigned to a reserve for Ps. 16,440,645 and Ps. 16,393,773, respectively (see Note 13) and Ps. 4,652,314 from available-for-sale non-financial assets as of December 31, 2017 (see Note 9).

     

    e. As of December 31, 2017 and 2016, PEMEX recognized a net impairment of Ps. 151,444,560 and a net reversal of impairment of Ps. 331,314,343, respectively, which is presented as a separate line item in the consolidated statement of comprehensive income as follows: