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Assets Held for Sale
6 Months Ended
Jun. 30, 2021
Assets Held for Sale  
Assets Held for Sale

Note 14 Assets Held for Sale

Assets held for sale as of June 30, 2021 and December 31, 2020 was $111.7 million and $16.6 million, respectively. At June 30, 2021, $95.0 million of the assets consisted of our Canada Drilling segment assets. These assets include our fleet of 35 land-based drilling rigs and related equipment and property which the company has entered into an agreement to sell. The sale closed during July 2021. The remainder of the assets held for sale represent rigs located in Algeria.

The carrying value of the assets held for sale represents the lower of carrying value or fair value less costs to sell.