Reliance on Major Customers

Under IFRS, two customers represent more than 10% of the consolidated revenue each. Total revenue from these major customers amounts to US$3,966 million (US$2,249 million and US$1,716 million respectively). In 2023, two customers accounted for more than 10% of the consolidated revenue (US$4,598 million, US$2,213 and US$2,386 million respectively).

Under Directional reporting, two customers represent more than 10% of the consolidated revenue each. Total revenue from these two major customers amounts to US$5,142 million (US$3,728 million and US$1,414 million respectively). In 2023, the revenue related to two major customers was US$3,979 million (US$2,643 million and US$1,335 million respectively). In both 2024 and 2023, revenue from these major customers was mainly related to the Lease and Operate segment. The revenue from the sale of FPSO Liza Unity, FPSO Liza Destiny and FPSO Prosperity were reported in the Turnkey segment.