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Segment and Related Information
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Segment and Related Information
Note 19— Segment and Related Information
We report our contract drilling operations as a single reportable segment, Contract Drilling Services, which reflects how we manage our business. The mobile offshore drilling units comprising our offshore rig fleet operate in a global market for contract drilling services and are often redeployed to different regions due to changing demands of our customers, which consist primarily of large, integrated, independent and government-owned or controlled oil and gas companies throughout the world. As of December 31, 2022, our contract drilling services segment conducts contract drilling operations in Africa, Far East Asia, the Middle East, the North Sea, Oceania, South America and the US Gulf of Mexico. Included in our long-lived assets balance below is our property and equipment and right-of-use assets. We used the geographic location of each drilling rig for our property and equipment or operating lease for our right-of-use assets, as of December 31, 2022 and 2021 for our long-lived asset geographic disclosure shown below.
The following table presents revenues and long lived assets by country based on the location of the service provided during the Successor period:
RevenuesLong-Lived Assets as of
Period From
February 6, 2021
Year endedthrough
December 31, 2022December 31, 2021December 31, 2022December 31, 2021
Australia$78,899 $1,954 107,246 $20,704 
Azerbaijan16 — 3,488 — 
Brazil33,208 251 92,571 1,702 
Canada— 10 — — 
Canary Islands— — 35,193 88,092 
Denmark40,806 25,119 479,390 18,407 
Ghana35,018 — 248,206 — 
Guyana469,267 244,638 702,170 678,852 
Indonesia— 23,964 — — 
Malaysia32,227 — 142,162 7,341 
Mauritania— 29,616 — — 
Mexico30,788 11,022 279,491 — 
Netherlands13,378 — 68,491 — 
Norway154,406 20,351 746,281 228,687 
Qatar33,181 23,247 25,032 20,487 
Saudi Arabia1,187 75,676 — 371 
Singapore— — 11,933 
Suriname133,680 62,090 335,208 — 
Timor-Leste— 32,257 — — 
Trinidad and Tobago35,101 35,710 125,320 19,387 
United Arab Emirates— — 1,775 607 
United Kingdom55,632 28,126 185,354 53,198 
United States266,176 156,294 412,716 360,478 
Other877 — 2,328 55 
Total$1,413,847 $770,325 $4,004,355 $1,498,368 
The following table presents revenues and identifiable assets by country based on the location of the service provided during the Predecessor period:
Revenues
Period From
January 1, 2021
throughYear Ended
February 5, 2021December 31, 2020
Australia$54 $50,434 
Canada— 28,915 
Denmark— 7,662 
Gabon— 147 
Guyana23,012 222,088 
Myanmar— 21,084 
Qatar2,263 31,024 
Saudi Arabia10,745 133,246 
Suriname6,029 61,474 
Trinidad and Tobago4,995 9,468 
United Kingdom7,142 180,610 
United States23,241 209,401 
Vietnam— 8,719 
Total$77,481 $964,272 
Significant Customers
The following table sets forth revenues from our customers as a percentage of our consolidated operating revenues:
SuccessorPredecessor
Period FromPeriod From
February 6, 2021January 1, 2021
Year EndedthroughthroughYear Ended
December 31, 2022December 31, 2021February 5, 2021December 31, 2020
Royal Dutch Shell plc (“Shell”)
12.0 %13.3 %30.0 %21.7 %
Exxon Mobil Corporation (“ExxonMobil”)32.3 %39.1 %29.8 %26.6 %
Equinor ASA (“Equinor”)6.4 %3.1 %5.2 %14.3 %
Saudi Arabian Oil Company (“Saudi Aramco”)— %9.8 %13.9 %13.8 %
No other customer accounted for more than 10 percent of our consolidated operating revenues in 2022, 2021 or 2020.