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Revenues (Tables)
6 Months Ended
Jun. 30, 2018
Revenue Recognition and Deferred Revenue [Abstract]  
Revenue segment information

Country

 

Six-month period ended

June 30,

 

 

 

2017

 

 

2018

 

Norway

 

$

27,161

 

 

$

15,918

 

Brazil

 

 

171,259

 

 

 

106,612

 

Tanzania

 

 

-

 

 

 

9,164

 

Angola

 

 

288,957

 

 

 

119,693

 

Congo

 

 

99,940

 

 

 

40,106

 

Total service revenues

 

$

587,317

 

 

$

291,493

 

 

Contract Liabilities

 

 

December 31, 2017

 

 

June 30,

2018

 

Contract liabilities – current

 

 

15,329

 

 

 

5,230

 

Contract liabilities – non-current

 

$

14,385

 

 

$

11,792

 

 

Changes in contract liabilities

 

 

Contract Liabilities

 

Balance as of December 31, 2017

 

$

29,714

 

Decrease: Amortization of deferred revenue

 

 

13,428

 

Addition: Transfer to Trade accounts receivable

 

 

736

 

Balance as of June 30, 2018

 

$

17,022

 

 

Future Amortization of Contract Liabilities and Deferred Costs

 

 

Remaining 2018

 

 

2019

 

 

2020

 

 

2021

 

 

Total

 

Amortization of contract liabilities

 

$

2,637

 

 

$

5,229

 

 

$

5,244

 

 

$

3,912

 

 

$

17,022

 

Amortization of deferred costs

 

$

748

 

 

$

1,483

 

 

$

1,486

 

 

$

1,110

 

 

$

4,827