Property and equipment (Tables)

6 Months Ended

Jun. 30, 2023

Property, Plant and Equipment [Abstract]

Schedule of Property and equipment

As of June 30, 2023 and December 31, 2022, the Company’s property and equipment, net consisted of the following (in thousands):

	June 30, 2023			December 31, 2022
Vessels	$	2,500,062		$	2,225,123
Buoy and pipeline		15,568			17,130
Finance lease right-of-use assets		40,007			40,007
Other equipment		17,392			17,469
Assets in progress		83,109			77,983
Less accumulated depreciation		(970,433	)		(922,029	)
Property and equipment, net	$	1,685,705		$	1,455,683

Depreciation expense for the three months ended June 30, 2023 and 2022 was $29.9 million and $23.5 million, respectively.