SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2011

Information about Operations in Different Segments

1. Information about Operations in our Different Segments:

	Year Ended December 31,
	2011			2010			2009
Revenues:
Asia Pacific(1)	$	1,898,033		$	870,410		$	997,938
Atlantic		267,019			183,001			230,428
Middle East(2)		1,280,058			1,350,332			2,053,424
Total revenues	$	3,445,110		$	2,403,743		$	3,281,790
Segment revenues include the following intersegment transactions:
Asia Pacific	$	—		$	154		$	—
Atlantic		297			20,129			71,136
Middle East		—			330			4,243
Eliminations		(297	)		(20,613	)		(75,379	)
Total adjustments and eliminations	$	—		$	—		$	—
Operating income:
Asia Pacific	$	202,969		$	88,012		$	141,494
Atlantic		(174,152	)		(89,692	)		(20,942	)
Middle East		221,906			316,585			158,797
Total operating income	$	250,723		$	314,905		$	279,349
Capital expenditures:
Asia Pacific	$	86,081		$	25,345		$	47,680
Atlantic		147,062			100,673			20,122
Middle East		35,762			47,851			90,893
Corporate and Other		13,716			12,993			27,823
Total capital expenditures	$	282,621		$	186,862		$	186,518
Depreciation and amortization:
Asia Pacific	$	25,698		$	19,002		$	22,347
Atlantic		15,348			17,681			15,688
Middle East		28,740			24,357			21,827
Corporate and Other		12,605			15,412			20,005
Total depreciation and amortization	$	82,391		$	76,452		$	79,867
(Gain) loss on asset disposals and impairments, net:
Asia Pacific	$	1,784		$	155		$	1,082
Atlantic		(7,329	)		24,444			(62	)
Middle East		1,831			(2,565	)		(1,867	)
Corporate and Other		724			186			(67	)
Total (gain) loss on asset disposals and impairments, net	$	(2,990	)	$	22,220		$	(914	)

(1) Includes revenues from Exxon Mobil Corporation and Chevron Corporation, which account for 36% and 10%, respectively, of our 2011 consolidated revenues.

(2) Includes revenues from Saudi Aramco, which accounts for 24% of our 2011 consolidated revenues.

Information about Service Lines and Operations in Different Geographic Areas

2. Information about our Service Lines and Operations in Different Geographic Areas:

	Year Ended December 31,
	2011			2010			2009
	(In thousands)
Service line revenues:
Offshore Operations	$	1,907,806		$	883,559		$	1,107,866
Fabrication Operations		446,426			412,145			499,916
Project Services and Engineering Operations		343,357			255,298			403,845
Procurement Activities		747,816			852,838			1,315,929
Eliminations		(295	)		(97	)		(45,766	)
	$	3,445,110		$	2,403,743		$	3,281,790
Geographic revenues:
Australia	$	1,398,868		$	373,864		$	186,164
Saudi Arabia		955,929			966,504			657,863
Thailand		261,040			351,275			226,981
United Arab Emirates		139,400			13,613			807
Vietnam		127,954			43,528			166,583
India		94,503			3,868			19,520
Qatar		83,028			352,508			1,293,755
Equatorial Guinea		80,196			—			—
United States		57,472			108,377			131,622
Brazil		53,263			57,128			243,273
Trinidad		24,863			18,382			37,566
Azerbaijan		5,022			4,899			22,855
Malaysia		2,876			52,705			98,321
Other Countries		160,696			57,092			196,480
	$	3,445,110		$	2,403,743		$	3,281,790

Information about Segment Assets and Property, Plant and Equipment by Country

3. Information about our Segment Assets and Property, Plant and Equipment by Country:

	Year Ended December 31,
	2011		2010		2009
	(In thousands)
Segment assets:
Asia Pacific	$	934,134	$	564,403	$	395,102
Atlantic		419,258		265,607		568,601
Middle East		1,065,478		1,302,398		885,222
Corporate and Other		515,176		378,969		562,474
Total continuing operations		2,934,046		2,511,377		2,411,399
Total assets held for sale		58,768		87,311		2,437,711
Total assets	$	2,992,814	$	2,598,688	$	4,849,110
Property, plant and equipment, net(3):
United Arab Emirates	$	322,233	$	407,423
Indonesia		144,274		163,111
Singapore		139,258		5,818
Saudi Arabia		131,637		116,289
Spain		89,539		16,376
United States		69,552		114,499
Mexico		65,039		49,597
Australia		63,065		14,732
Brazil		58,780		—
Other Countries		18,488		27,724
Total property, plant and equipment, net	$	1,101,865	$	915,569

(3) Our marine vessels are included in the country in which they were located as of year-end.

Other Information about Segments

4. Other Information about our Segments:

	Year Ended December 31,
	2011			2010			2009
Equity in loss of unconsolidated affiliates:
Asia Pacific	$	(4,432	)	$	(1,663	)	$	—
Atlantic		(23	)		(5,408	)		(3,016	)
Corporate and Other		(530	)		(523	)		(541	)
Total Equity in loss of unconsolidated affiliates	$	(4,985	)	$	(7,594	)	$	(3,557	)
Investments in unconsolidated affiliates:
Asia Pacific	$	37,855		$	41,471
Atlantic		1,804			65
Corporate and Other		3,000			3,480
Total Investments in unconsolidated affiliates	$	42,659		$	45,016