XML 111 R17.htm IDEA: XBRL DOCUMENT

Property, Plant and Equipment

12 Months Ended

Dec. 31, 2011

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Note 9 Property, Plant and Equipment

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


		December 31,
		2011				2010
		(In thousands)
Land		$	22,120			$	12,087
Buildings			132,753				122,635
Drilling, workover and well-servicing rigs, and related equipment			11,150,927				10,632,968
Marine transportation and supply vessels			14,023				13,663
Oilfield hauling and mobile equipment			1,171,930				551,892
Other machinery and equipment			248,938				143,976
Oil and gas properties(1)			42,033				664,289
Construction in process(2)			815,987				349,455

			13,598,711				12,490,965
Less: accumulated depreciation and amortization			(4,928,781	)			(4,182,122	)
accumulated depletion on oil and gas properties			(39,984	)			(493,424	)

		$	8,629,946			$	7,815,419

(1)	A significant portion of our oil and gas properties have been reclassified to assets held for sale at December 31, 2011. Information relating to suspended wells that have capitalized costs for more than one year on this date is located at Note 4 — Discontinued Operations.

(2)	Relates 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, 2011 or 2010.

Repair and maintenance expense included in direct costs in our consolidated statements of income (loss) totaled $586.4 million, $382.5 million and $277.4 million for the years ended December 31, 2011, 2010 and 2009, respectively.

Interest costs of $24.0 million, $12.4 million and $29.9 million were capitalized during the years ended December 31, 2011, 2010 and 2009, respectively.

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.

+ References+ Details