(

) OPERATING SEGMENT INFORMATION

Business Segments

We operate our business based on geographic locations and maintain th

ree operating segments: the North Sea, Southeast Asia and the Americas. Our chief operating decision-maker regularly reviews financial information about each of these operating segments in deciding how to allocate resources and evaluate performance. The business within each of these geographic regions has similar economic characteristics, services, distribution methods and regulatory concerns. All of the operating segments are considered reportable segments under FASB ASC

No.

280,

“Segment Reporting.”

Management evaluates segment performance primarily based on operating income. Cash and debt are managed centrally. Because the regions do

not

manage those items, the gains and losses on foreign currency remeasurements associated with these items are excluded from operating income. Management considers segment operating income to be a good indicator of each segment’s operating performance from its continuing operations, as it represents the results of the ownership interest in operations without regard to financing methods or capital structures. All significant transactions between segments are conducted on an arms-length basis based on prevailing market prices and are accounted for as such. Operating income and other information regularly provided to our chief operating decision-maker is summarized in the following table (all amounts in thousands):

	North			Southeast			Americas			Other			Total
	Sea			Asia

Successor
Period from November 15 Through December 31, 2017
Revenue	$	8,304		$	1,368		$	3,921		$	-		$	13,593
Direct operating expenses		5,387			1,047			3,425			-			9,859
Drydock expense		-			-			-			-			-
General and administrative expense		740			382			728			1,557			3,407
Pre-petition restructuring charges		1			-			-			-			1
Depreciation and amortization		2,481			700			1,162			82			4,425
Impairment charge		-			-			-			-			-
Gain on sale of assets and other		-			-			-			-			-
Operating income (loss)	$	(305	)	$	(761	)	$	(1,394	)	$	(1,639	)	$	(4,099	)

Predecessor
Period from January 1 Through November 14, 2017
Revenue	$	52,217		$	8,606		$	27,406		$	-		$	88,229
Direct operating expenses		36,365			7,879			25,577			-			69,821
Drydock expense		4,269			959			204			-			5,432
General and administrative expense		11,987			3,103			6,937			10,342			32,369
Pre-petition restructuring charges		-			-			-			17,861			17,861
Depreciation and amortization		20,173			6,222			19,229			2,097			47,721
Impairment charge		-			-			-			-			-
Gain on sale of assets and other		-			(51	)		5,258			-			5,207
Operating income (loss)	$	(20,577	)	$	(9,506	)	$	(29,799	)	$	(30,300	)	$	(90,182	)

Year Ended December 31, 2016
Revenue	$	76,759		$	14,069		$	32,891		$	-		$	123,719
Direct operating expenses		45,872			11,308			25,985			-			83,165
Drydock expense		2,549			588			1,525			-			4,662
General and administrative expense		6,961			5,218			6,876			18,608			37,663
Depreciation and amortization		24,157			8,654			22,008			3,363			58,182
Impairment charge		1,986			50,437			110,385			-			162,808
Gain on sale of assets and other		5,920			2,648			(4	)		-			8,564
Operating income (loss)	$	(10,686	)	$	(64,784	)	$	(133,884	)	$	(21,971	)	$	(231,325	)

Year Ended December 31, 2015
Revenue	$	142,168		$	35,524		$	97,114		$	-		$	274,806
Direct operating expenses		84,474			16,483			68,880			-			169,837
Drydock expense		4,112			4,356			6,919			-			15,387
General and administrative expense		9,469			4,296			9,906			23,609			47,280
Depreciation and amortization		28,724			10,419			29,827			3,621			72,591
Impairment charge		22,919			-			129,184			-			152,103
Gain on sale of assets and other		1,244			(59	)		(25	)		-			1,160
Operating income (loss)	$	(8,774	)	$	29		$	(147,577	)	$	(27,230	)	$	(183,552	)
Successor
As of December 31, 2017
Cash and cash equivalents	$	47,686		$	2,029		$	5,766		$	9,132		$	64,613
Long-lived assets(a)		203,505			60,890			97,515			2,218			364,128
Total assets		271,759			66,299			118,654			15,243			471,955
Capital expenditures		8			-			-			133			141

Predecessor
Year Ended December 31, 2016
Cash and cash equivalents	$	5,436		$	3,008		$	364		$	14		$	8,822
Long-lived assets(a)		440,670			149,668			401,425			3,457			995,220
Total assets		465,908			158,671			424,398			3,548			1,052,525
Capital expenditures		12,550			90			2,751			797			16,188

Year Ended December 31, 2015
Cash and cash equivalents	$	12,930		$	4,911		$	1,221		$	2,877		$	21,939
Long-lived assets(a)		544,904			216,477			499,083			6,022			1,266,486
Total assets		589,934			232,356			529,654			9,308			1,361,252
Capital expenditures		5,992			253			26,602			2,581			35,428

(a) Vessels under construction are included in other

assets until delivered. Revenue, long-lived assets and capital expenditures presented in the table above are allocated to segments based on the location where the vessel is employed, which in some instances differs from the segment where the vessel is legally owned. For the Successor period from

November 15, 2017

through

December 31, 2017,

we had

$3.4

million in revenue and

$91.7

million in long-lived assets attributed to the United States, our country of domicile. In the Predecessor period from

January 1, 2017

through

November 14, 2017,

we had

$16.5

million in revenue attributed to the United States. In

2016,

we had

$28.5

million in revenue and

$371.6

million in long-lived assets attributed to the United States, our country of domicile. In

2015,

we had

$73.4

million in revenue and

$431.7

million in long-lived assets attributed to the United States.