2.2.0.7 false Acquisition of FDR Holdings Limited 0202 - Disclosure - Acquisition of FDR Holdings Limited true false false false 1 USD false false USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 Pure Standard http://www.xbrl.org/2003/instance pure xbrli 0 USDEPS Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 $ 2 Acquisition of FDR Holdings Limited [Abstract] 0 ne_AcquisitionOfCompanyOneAbstract ne false na duration Acquisition of Company one abstract. false false false false false true false false false false false false 1 false false false false 0 0 false false false xbrli:stringItemType string Acquisition of Company one abstract. false 3 Acquisition of FDR Holdings Limited 1 us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock us-gaap true na duration No definition available. false false false false false false false false false false false verboselabel false 1 false false false false 0 0 <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 2 - us-gaap:ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock--> <div style="font-family: 'Times New Roman',Times,serif; margin-left: 0in; "> <div align="justify" style="font-size: 10pt; margin-top: 10pt"><b>Note 2 &#8212; Acquisition of FDR Holdings Limited</b> </div> <div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 8%">On July&#160;28, 2010, pursuant to a definitive agreement and plan of merger dated June&#160;27, 2010, we acquired privately held FDR Holdings Limited (&#8220;Frontier&#8221;) at an estimated purchase price of approximately $2.6&#160;billion in order to strategically expand and enhance our global fleet. Frontier owns three dynamically positioned drillships (including two Bully-class joint venture-owned drillships under construction), two conventionally moored drillships, including one which is Arctic-class, a conventionally moored deepwater semisubmersible drilling rig and one dynamically positioned floating production, storage and offloading vessel. The estimated purchase price of $2.6&#160;billion includes $1.7&#160;billion in cash paid to, or on behalf of, Frontier and its equity holders, the assumption of approximately $622&#160;million in secured non-recourse debt related to consolidated joint ventures and other liabilities. </div> <p align="center" style="font-size: 10pt; text-indent: 8%">&#160; <!-- Folio --> <!-- /Folio --> </p> </div> <!-- PAGEBREAK --> <div style="font-family: 'Times New Roman',Times,serif; margin-left: 0in; "> <div align="center" style="font-size: 10pt; margin-top: 0pt"> <b> </b> </div> <div align="center" style="font-size: 10pt"> <b> </b> </div> <div align="center" style="font-size: 10pt; margin-top: 0pt"> </div> </div> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note false false false us-types:textBlockItemType textblock Schedule of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This schedule does not include leveraged buyouts. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141R -Paragraph 68 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 52 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 51 -Subparagraph a Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141R -Paragraph F4 -Subparagraph e -Appendix F false 1 2 false UnKnown UnKnown UnKnown false true