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Revenues by Segment (Tables) | 12 Months Ended
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Dec. 31, 2025
Revenues by Segment [Abstract] |
Schedule Present Summary information by Product | The following tables present summary information by product type for the financial years ended December 31, 2023, 2024 and 2025, respectively:
|  | Financial Year ended December 31, 2023 |
|  | Sale of Crude Oil |  |  | Sale of Oil-Based Product |
|  | US$’000 |  |  | US$’000 |
Revenue |  |  | 252,070 |  |  |  | 37,096 |
Gross Profit |  |  | 3,599 |  |  |  | 530 |
|  | Financial Year ended December 31, 2024 |
|  | Sale of Crude Oil |  |  | Sale of Oil-Based Product |
|  | US$’000 |  |  | US$’000 |
Revenue |  |  | 169,472 |  |  |  | 145,444 |
Gross (Loss)/Profit |  |  | (13,613 | ) |  |  | 17,911 |
|  | Financial Year ended December 31, 2025 |
|  | Sale of Crude Oil |  |  | Sale of Oil-Based Product |
|  | US$’000 |  |  | US$’000 |
Revenue |  |  | 182,574 |  |  |  | 125,173 |
Gross Profit |  |  | 1,412 |  |  |  | 1,132 |
Schedule of Revenue Disaggregated of Revenue Recognition | In the following table, revenue is disaggregated by the timing of revenue recognition.
|  | Financial Year ended December 31, 2023 |
|  | Sales of Crude Oil |  |  | Sales of Oil-Based Product |
|  | US$’000 |  |  | US$’000 |
Timing of revenue recognition: |  |  |  |  |  |
Point in time |  |  | 252,070 |  |  |  | 37,096 |
|  | Financial Year ended December 31, 2024 |
|  | Sales of Crude Oil |  |  | Sales of Oil-Based Product |
|  | US$’000 |  |  | US$’000 |
Timing of revenue recognition: |  |  |  |  |  |
Point in time |  |  | 169,472 |  |  |  | 145,444 |
|  | Financial Year ended December 31, 2025 |
|  | Sales of Crude Oil |  |  | Sales of Oil-Based Product |
|  | US$’000 |  |  | US$’000 |
Timing of revenue recognition: |  |  |  |  |  |
Point in time |  |  | 182,574 |  |  |  | 125,173 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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