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FINANCIAL INSTRUMENTS - Fair Value and Carrying Value (Details) kr in Millions | Dec. 31, 2024 USD ($) | Dec. 31, 2024 NOK (kr) | Sep. 30, 2024 NOK (kr) | Dec. 31, 2023 USD ($) | Dec. 31, 2023 NOK (kr) | Dec. 31, 2022 USD ($) | Jun. 04, 2019 NOK (kr)
--- | --- | --- | --- | --- | --- | --- | ---
Non-derivatives: |  |  |  |  |  |  |
Equity securities | $ 3,736,000 |  |  | $ 5,104,000 |  | $ 7,283,000 |
Long-term debt | 2,862,240,000 |  |  | 2,163,688,000 |  |  |
Derivatives: |  |  |  |  |  |  |
Financial instruments at fair value, current portion | 121,000 |  |  | 4,617,000 |  |  |
Financial instruments at fair value, long-term portion | 15,523,000 |  |  | 13,608,000 |  |  |
Long term receivables, non-designated swap contracts | 11,700,000 |  |  | 11,300,000 |  |  |
Long term payables, non-designated swap contracts | 0.0 |  |  | 0.0 |  |  |
Not designated as hedging instrument |  |  |  |  |  |  |
Derivatives: |  |  |  |  |  |  |
Financial instruments at fair value, current portion | 100,000 |  |  | 300,000 |  |  |
Interest rate/ currency/ commodity swap contracts – short-term payables | $ 14,900,000 |  |  | 500,000 |  |  |
7.25% senior unsecured sustainability-linked bonds due 2026 |  |  |  |  |  |  |
Non-derivatives: |  |  |  |  |  |  |
Interest rate (in percentage) | 7.25% | 7.25% |  |  |  |  |
8.875% senior unsecured sustainability-linked bonds due 2027 |  |  |  |  |  |  |
Non-derivatives: |  |  |  |  |  |  |
Interest rate (in percentage) | 8.875% | 8.875% |  |  |  |  |
8.25% senior unsecured sustainability-linked bonds due 2028 |  |  |  |  |  |  |
Non-derivatives: |  |  |  |  |  |  |
Interest rate (in percentage) | 8.25% | 8.25% |  |  |  |  |
NOK700 million senior unsecured bonds due 2024 |  |  |  |  |  |  |
Non-derivatives: |  |  |  |  |  |  |
Aggregate debt amount | $ 700,000,000 |  |  |  |  |  | kr 700.0
Long-term debt | 0 | kr 0.0 |  | 68,400,000 | kr 695.0 |  |
NOK600 million senior unsecured floating rate bonds due 2025 |  |  |  |  |  |  |
Non-derivatives: |  |  |  |  |  |  |
Aggregate debt amount | 600,000,000 |  |  |  |  |  |
NOK750 million senior unsecured floating rate bonds due 2029 |  |  |  |  |  |  |
Non-derivatives: |  |  |  |  |  |  |
Aggregate debt amount | 750,000,000 |  | kr 750.0 |  |  |  |
Long-term debt | 63,600,000 | kr 724.0 |  | 0 | kr 0.0 |  |
Fair Value, Recurring | Carrying value |  |  |  |  |  |  |
Non-derivatives: |  |  |  |  |  |  |
Equity securities | 3,736,000 |  |  | 5,104,000 |  |  |
Derivatives: |  |  |  |  |  |  |
Financial instruments at fair value, current portion | 121,000 |  |  | 4,617,000 |  |  |
Financial instruments at fair value, long-term portion | 15,523,000 |  |  | 13,608,000 |  |  |
Interest rate/ currency/ commodity swap contracts – short-term payables | 14,884,000 |  |  | 12,366,000 |  |  |
Interest rate/ currency swap/ commodity contracts – long-term payables | 103,000 |  |  | 8,965,000 |  |  |
Fair Value, Recurring | Fair value |  |  |  |  |  |  |
Non-derivatives: |  |  |  |  |  |  |
Equity securities | 3,736,000 |  |  | 5,104,000 |  |  |
Derivatives: |  |  |  |  |  |  |
Financial instruments at fair value, current portion | 121,000 |  |  | 4,617,000 |  |  |
Financial instruments at fair value, long-term portion | 15,523,000 |  |  | 13,608,000 |  |  |
Interest rate/ currency/ commodity swap contracts – short-term payables | 14,884,000 |  |  | 12,366,000 |  |  |
Interest rate/ currency swap/ commodity contracts – long-term payables | 103,000 |  |  | 8,965,000 |  |  |
Fair Value, Recurring | 7.25% senior unsecured sustainability-linked bonds due 2026 | Carrying value |  |  |  |  |  |  |
Non-derivatives: |  |  |  |  |  |  |
Long-term debt | 150,000,000 |  |  | 150,000,000 |  |  |
Fair Value, Recurring | 7.25% senior unsecured sustainability-linked bonds due 2026 | Fair value |  |  |  |  |  |  |
Non-derivatives: |  |  |  |  |  |  |
Long-term debt | 150,975,000 |  |  | 146,310,000 |  |  |
Fair Value, Recurring | 8.875% senior unsecured sustainability-linked bonds due 2027 | Carrying value |  |  |  |  |  |  |
Non-derivatives: |  |  |  |  |  |  |
Long-term debt | 150,000,000 |  |  | 150,000,000 |  |  |
Fair Value, Recurring | 8.875% senior unsecured sustainability-linked bonds due 2027 | Fair value |  |  |  |  |  |  |
Non-derivatives: |  |  |  |  |  |  |
Long-term debt | 154,737,000 |  |  | 152,820,000 |  |  |
Fair Value, Recurring | 8.25% senior unsecured sustainability-linked bonds due 2028 | Carrying value |  |  |  |  |  |  |
Non-derivatives: |  |  |  |  |  |  |
Long-term debt | 145,200,000 |  |  | 0 |  |  |
Fair Value, Recurring | 8.25% senior unsecured sustainability-linked bonds due 2028 | Fair value |  |  |  |  |  |  |
Non-derivatives: |  |  |  |  |  |  |
Long-term debt | 149,874,000 |  |  | 0 |  |  |
Fair Value, Recurring | NOK700 million senior unsecured bonds due 2024 | Carrying value |  |  |  |  |  |  |
Non-derivatives: |  |  |  |  |  |  |
Long-term debt | 0 |  |  | 68,426,000 |  |  |
Fair Value, Recurring | NOK700 million senior unsecured bonds due 2024 | Fair value |  |  |  |  |  |  |
Non-derivatives: |  |  |  |  |  |  |
Long-term debt | 0 |  |  | 68,919,000 |  |  |
Fair Value, Recurring | NOK600 million senior unsecured floating rate bonds due 2025 | Carrying value |  |  |  |  |  |  |
Non-derivatives: |  |  |  |  |  |  |
Long-term debt | 0 |  |  | 58,089,000 |  |  |
Fair Value, Recurring | NOK600 million senior unsecured floating rate bonds due 2025 | Fair value |  |  |  |  |  |  |
Non-derivatives: |  |  |  |  |  |  |
Long-term debt | 0 |  |  | 59,181,000 |  |  |
Fair Value, Recurring | NOK750 million senior unsecured floating rate bonds due 2029 | Carrying value |  |  |  |  |  |  |
Non-derivatives: |  |  |  |  |  |  |
Long-term debt | 63,592,000 |  |  | 0 |  |  |
Fair Value, Recurring | NOK750 million senior unsecured floating rate bonds due 2029 | Fair value |  |  |  |  |  |  |
Non-derivatives: |  |  |  |  |  |  |
Long-term debt | $ 63,778,000 |  |  | $ 0 |  |  |

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