Property and Equipment

3 Months Ended

Mar. 31, 2023

Property, Plant and Equipment [Abstract]

Property and Equipment

Note 5— Property and Equipment

Property and equipment, at cost, for Noble consisted of the following:

	March 31, 2023		December 31, 2022
Drilling equipment and facilities	$	4,062,384	$	3,997,498
Construction in progress	114,284		123,911
Other	40,856		41,796
Property and equipment, at cost	$	4,217,524	$	4,163,205

Capital expenditures, including capitalized interest, during the three months ended March 31, 2023 and 2022, totaled $54.9 million and $44.8 million, respectively.

During the first quarter of 2022, we sold the Noble Clyde Boudreaux for total net proceeds of $14.2 million, resulting in a gain of $6.8 million, which was offset by additional costs related to the sale of rigs in Saudi Arabia in 2021.