Annual Report 2024

Annual Report 2024

18. Research and Development Expenses

Research and Development Expenses

 

 

Year Ended December 31,

(in thousands of $)

 

2024

 

2023

 

2022

External research and development expenses

 

605,082

 

483,192

 

366,955

Personnel expenses

 

310,992

 

226,344

 

162,010

BIS expenses

 

34,012

 

19,935

 

12,678

Materials and consumables

 

5,863

 

4,057

 

2,396

Depreciation and amortization

 

6,204

 

105,546

 

102,132

Other expenses

 

21,270

 

20,418

 

17,194

Total Research and development expenses

 

983,423

 

859,492

 

663,366