Segments and Geographic Areas

12 Months Ended

Dec. 31, 2019

Note 18—Segments and Geographic Areas

Our drillships are part of a single, global market for contract drilling services and can be redeployed globally in response to changing demands. We consider the operations of each of our drillships to be an operating segment. We evaluate the financial performance of each of our drillships and our overall fleet based on several factors, including revenues from clients and operating profit. The consolidation of our operating segments into one reportable segment is attributable to how we manage our fleet, including the nature of our services provided, type of clients we serve and the ability of our drillships to operate in a single, global market. The accounting policies of our operating segments are the same as those described in the summary of significant accounting policies. See Note 2.

As of December 31, 2019, the Pacific Bora was mobilizing to Oman, the Pacific Santa Ana was located offshore Mauritania, and the Pacific Sharav and the Pacific Khamsin were located offshore the United States. As of December 31, 2019, the Pacific Scirocco, the Pacific Mistral and the Pacific Meltem were anchored at Las Palmas.

During the years ended December 31, 2019, 2018 and 2017, the percentage of revenues earned by geographic area, based on drilling location, is as follows:


	Successor						Predecessor
				Period From			Period From
				November 20, 2018			January 1, 2018
	Year Ended			through			through			Year Ended
	December 31, 2019			December 31, 2018			November 19, 2018			December 31, 2017
United States		72.5	%		82.1	%		84.0	%		81.6	%
Nigeria		16.1	%		17.9	%		1.8	%		11.2	%
Other		11.4	%		—	%		14.2	%		7.2	%