4.3.18Inventories
|
31 December 2021 |
31 December 2020 |
||
|---|---|---|---|
|
Materials and consumables |
11 |
9 |
|
|
Goods for resale |
3 |
4 |
|
|
Multi-purpose floaters under construction |
- |
129 |
|
|
Total |
14 |
143 |
Multi-purpose floaters (’MPFs’) under construction relate to the ongoing EPC phase of Fast4Ward® new-build hulls. The Fast4Ward® hulls remain in inventory until they are allocated to a specific FPSO contract.
The decrease of the inventory balance at year-end 2021 relates to the allocation of the multi-purpose hulls to the FPSO's awarded in 2021 namely FPSO Almirante Tamandaré and FPSO Alexandre de Gusmão, as well as the awarded initial limited scope for the FPSO for the Yellowtail development project. As per December 31, 2021, the Company has no unallocated multi-purpose floater under construction.