LONG-TERM DEBT AND NOTES PAYABLE (Tables)

12 Months Ended

Dec. 31, 2013

Debt Disclosure [Abstract]

Long-Term Debt Obligations

A summary of our long-term debt obligations are as follows:

	December 31,
	2013		2012
	(In thousands)
Long-term debt consists of:
North Ocean 102 Construction Financing	$	31,373	$	37,349
North Ocean 105 Construction Financing		57,189		65,359
		88,562		102,708
Less: Amounts due within one year		39,543		14,146
Total long-term debt	$	49,019	$	88,562

Maturities of Long-Term Debt During Five Years

Maturities of long-term debt during the five years subsequent to December 31, 2013 are as follows:

	(In thousands)
2014	$	39,543
2015		8,170
2016		8,170
2017		8,170
2018		8,170
Thereafter		16,339
Total	$	88,562