XML 24 R14.htm IDEA: XBRL DOCUMENT v3.7.0.1
Segments and Geographic Area Analysis
6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Segments and Geographic Area Analysis

8. Segments and Geographic Area Analysis

Although we provide contract drilling services with different types of offshore drilling rigs and also provide such services in many geographic locations, we have aggregated these operations into one reportable segment based on the similarity of economic characteristics due to the nature of the revenue-earning process as it relates to the offshore drilling industry over the operating lives of our drilling rigs.

Revenues from contract drilling services by equipment type are listed below.

 

     Three Months Ended
June 30,
     Six Months Ended
June 30,
 
     2017      2016      2017      2016  
     (In thousands)  

Floaters:

           

Ultra-Deepwater

   $ 282,535      $ 214,102      $ 526,000      $ 540,063  

Deepwater

     66,905        67,191        134,848        126,308  

Mid-Water

     36,543        56,694        84,828        104,366  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total Floaters

     385,983        337,987        745,676        770,737  

Jack-ups

     6,187        19,422        10,051        30,195  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total contract drilling revenues

     392,170        357,409        755,727        800,932  

Revenues related to reimbursable expenses

     7,119        31,338        17,788        58,358  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total revenues

   $ 399,289      $ 388,747      $ 773,515      $ 859,290  
  

 

 

    

 

 

    

 

 

    

 

 

 

Geographic Areas

Our drilling rigs are highly mobile and may be moved to other markets throughout the world in response to market conditions or customer needs. At June 30, 2017, our active drilling rigs were located offshore in five countries in addition to the United States. Revenues by geographic area are presented by attributing revenues to the individual country or areas where the services were performed.

 

     Three Months Ended
June 30,
     Six Months Ended
June 30,
 
     2017      2016      2017      2016  
     (In thousands)  

United States

   $ 164,188      $ 130,609      $ 310,456      $ 292,191  

International:

           

South America

     111,498        106,702        214,179        228,189  

Australia/Asia

     72,883        47,662        138,561        112,636  

Europe

     44,533        87,551        100,268        190,170  

Mexico

     6,187        16,223        10,051        36,104  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total revenues

   $ 399,289      $ 388,747      $ 773,515      $ 859,290