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Assets Held for Sale and Discontinued Operations | 12 Months Ended
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Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract] |
Assets Held for Sale and Discontinued Operations | Note E – Assets Held for Sale and Discontinued Operations In September 2022, the Company sold its share of Brunei Block CA-2 to Petronas Carigali Brunei Ltd (see Note D for additional information). Additionally, in December 2022, the Company’s former headquarters office building in El Dorado, Arkansas was sold. There were no remaining assets held for sale on the Consolidated Balance Sheet as of December 31, 2022. As of December 31, 2021, assets held for sale included the carrying value of the net property, plant and equipment of Brunei Block CA-2 and the Company’s former headquarters office building in El Dorado, Arkansas. The following table presents the carrying value of the major categories of assets and liabilities that are reflected as held for sale on the Company’s Consolidated Balance Sheets at December 31, 2022 and 2021.
(Thousands of dollars) | 2022 |  | 2021
Current assets |  |  |
Property, plant and equipment, net | $ | — |  |  | $ | 15,453 |
Total current assets associated with assets held for sale | $ | — |  |  | $ | 15,453 |
The Company has accounted for its former Malaysian exploration and production operations and its former U.K. and U.S. refining and marketing operations as discontinued operations for all periods presented. The results of operations associated with discontinued operations are presented in the following table.
(Thousands of dollars) | 2022 |  | 2021 |  | 2020
Revenues | $ | — |  |  | $ | 795 |  |  | $ | 4,090 |
Costs and expenses |  |  |  |  |
Other costs and expenses | 2,078 |  |  | 2,020 |  |  | 11,241 |
Loss from discontinued operations | $ | (2,078) |  |  | $ | (1,225) |  |  | $ | (7,151) |

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=2122178 + Details
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