Commitments

As at December 31, 2022, the remaining contractual commitments for acquisition of intangible assets, property, plant and equipment and investment in leases amounted to US$2,201 million (December 31, 2021: US$1,600million). Investment commitments have increased principally due to the progress made on the construction of FPSO Prosperity, FPSO Sepetiba, FPSO Alexandre de Gusmão, FPSO Almirante Tamandaré and FPSO ONE GUYANA.