Disclosure Of Material Accounting Policy Information [Text Block]
| Concept |
2024-01-01 to 2024-12-31 |
|---|---|
| Disclosure of material accounting policy information [text block] |
2
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| Description of accounting policy for business combinations [text block] |
Business combinations are accounted for, by using the acquisition method. The cost of an acquisition is
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| Description of accounting policy for decommissioning, restoration and rehabilitation provisions [text block] |
2.16.2 Abandonment and decommissioning liabilities
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| Description of accounting policy for deferred income tax [text block] |
Deferred income tax
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| Description of accounting policy for depreciation expense [text block] |
2.8.6 Depreciation and amortization
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| Description of accounting policy for derecognition of financial instruments [text block] |
The Group derecognizes a financial liability when its contractual obligations are discharged, cancelled, or expire.
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| Description of accounting policy for discontinued operations [text block] |
2.13 Non-current assets held for sale and discontinued operations
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| Description of accounting policy for earnings per share [text block] |
Basic
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| Description of accounting policy for expenses [text block] |
Classification of income and expenses
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| Description of accounting policy for exploration and evaluation expenditures [text block] |
Exploration costs expensed includes seismic
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| Description of accounting policy for fair value measurement [text block] |
Fair value hierarchy The Company uses a three-level hierarchy to categorize the significance of
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| Description of accounting policy for financial instruments at fair value through profit or loss [text block] |
Transaction costs directly attributable to
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| Description of accounting policy for financial liabilities [text block] |
2.9.2 Financial liabilities
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| Description of accounting policy for foreign currency translation [text block] |
2.3 Foreign currency translation
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| Description of accounting policy for functional currency [text block] |
Functional and presentation currency
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| Description of accounting policy for impairment of financial assets [text block] |
2.8.4 Oil production assets
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| Description of accounting policy for impairment of non-financial assets [text block] |
Impairment
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| Description of accounting policy for income tax [text block] |
2.6 Tax
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| Description of accounting policy for issued capital [text block] |
2.9.3 Share capital
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| Description of accounting policy for leases [text block] |
2.12 Leases
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| Description of accounting policy for measuring inventories [text block] |
2.10 Inventories
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| Description of accounting policy for intangible assets other than goodwill [text block] |
2.8.1 Intangible assets
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| Description of accounting policy for investments in joint ventures [text block] |
2.15 Interest in jointly controlled operations
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| Description of accounting policy for offsetting of financial instruments [text block] |
Financial assets and liabilities are offset, and the net amount is presented in the statement of financial position
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| Description of accounting policy for oil and gas assets [text block] |
2.8.2 Oil and Gas assets
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| Description of accounting policy for property, plant and equipment [text block] |
2.8 Property, plant, and equipment
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| Description of accounting policy for segment reporting [text block] |
2.4 Segment reporting
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| Description of accounting policy for subsidiaries [text block] |
The consolidated financial statements comprise the financial statements of the Group and its subsidiaries.
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| Description of accounting policy for trade and other payables [text block] |
The Group classifies non-derivative financial liabilities into the other financial liabilities category. Such financial
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