Property, Plant and Equipment

12 Months Ended

Dec. 31, 2012

Note 9 Property, Plant and Equipment

The major components of our property, plant and equipment are as follows:

	December 31,
	2012			2011
	(In thousands)
Land	$	49,965		$	22,120
Buildings	154,878			132,753
Drilling, workover and well-servicing rigs, and related equipment	12,364,021			11,150,927
Marine transportation and supply vessels	14,054			14,023
Oilfield hauling and mobile equipment	1,313,339			1,171,930
Other machinery and equipment	176,468			248,938
Oil and gas properties	—			42,033
Construction-in-process (1)	363,537			815,987
	$	14,436,262		$	13,598,711
Less: accumulated depreciation and amortization	(5,724,174		)	(4,928,781		)
Less: accumulated depletion	—			(39,984		)
	$	8,712,088		$	8,627,897

(1) Relates primarily to amounts capitalized for new or substantially new drilling, workover and well-servicing rigs that were under construction and had not yet been placed in service as of December 31, 2012 or 2011.

Repair and maintenance expense included in direct costs in our consolidated statements of income (loss) totaled $563.5 million, $586.4 million and $382.5 million for the years ended December 31, 2012, 2011 and 2010, respectively.

Interest costs of $19.4 million, $24.0 million and $12.4 million were capitalized during the years ended December 31, 2012, 2011 and 2010, respectively.

Information relating to suspended wells that have capitalized costs for more than one year at December 31, 2012 is located at Note 4 — Assets Held for Sale and Discontinued Operations.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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