Operating Leases as a Lessor

The category ’Vessels and floating equipment’ mainly relates to facilities leased to third parties under operating lease agreements which terminate in 2031. Leased facilities included in ’Vessels and floating equipment’ amount to:

Leased facilities included in vessels and floating equipment

As of December 31, 2025, ’Leased facilities’ consists of FPSO Cidade de Anchieta. The book value of the leased facilities included in vessels and floating equipment has increased by US$11 million, mainly due to capitalized major overhaul costs related to repair works performed on this vessel partially offset by depreciation for the period.

On December, 2025, the Company completed the sale of semi-submersible production facility Thunder Hawk following the client exercising a purchase option with reference to the vessel's operating lease term date. At the date of the sale, the asset was fully depreciated.

The nominal values of the future expected bareboat receipts (undiscounted lease payments) in respect of the remaining operating lease contracts are:

Nominal values of the future expected bareboat receipts

Extension options have not been included in the above table.