4.3.18Inventories
31 December 2023 | 31 December 2022 | ||
|---|---|---|---|
Materials and consumables | 13 | 9 | |
Goods for resale | 0 | 4 | |
Multi-purpose floaters under construction | 135 | 13 | |
Total | 149 | 25 |
Multi-purpose floaters (’MPFs’) under construction relate to the ongoing EPC phase of any Fast4Ward® new-build hulls. Fast4Ward® hulls remain in inventory until they are allocated to a specific FPSO contract.
The increase of the inventory balance at year-end 2023 relates to the new multi-purpose hull for use on a future FPSO project. As per December 31, 2023, the Company has one MPF under construction for use on a future FPSO project.