Property and Equipment

9 Months Ended

Sep. 30, 2023

Property, Plant and Equipment [Abstract]

Note 5— Property and Equipment

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


	September 30, 2023		December 31, 2022
Drilling equipment and facilities	$	4,231,251	$	3,997,498
Construction in progress	142,265		123,911
Other	39,794		41,796
Property and equipment, at cost	$	4,413,310	$	4,163,205

Capital expenditures, including capitalized interest, during the three months ended September 30, 2023 and 2022, totaled $88.6 million and $40.8 million, respectively, and totaled $259.4 million and $116.9 million during the nine months ended September 30, 2023 and 2022, respectively.

As of September 30, 2023, the rig Noble Explorer and a warehouse in Brazil qualified as held for sale and were included in “Other assets” on our Condensed Consolidated Balance Sheet at their carrying values of $3.4 million and $1.7 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.