4.3.18Inventories
|
31 December 2020 |
31 December 2019 |
||
|---|---|---|---|
|
Materials and consumables |
9 |
6 |
|
|
Goods for resale |
4 |
2 |
|
|
Multi-purpose floaters under construction |
129 |
0 |
|
|
Total |
143 |
8 |
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 Company has five multi-purpose hulls as of December 31, 2020 out of which three have been transferred to construction work-in-progress upon the award of the lease and operate contracts for Liza Unity (FPSO), Prosperity (FPSO) and FPSO Sepetiba. Construction has started for two multi-purpose floater hulls, which have not yet been allocated to a project and therefore accounted for under inventory at December 31, 2020.