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Revenues by Segment (Tables)
 12 Months Ended
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