Property and Equipment

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment

Note 5 — Property and Equipment

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

	June 30, 2024		December 31, 2023
Drilling equipment and facilities	$	4,471,409	$	4,338,229
Construction in progress	337,876		210,759
Other	44,713		42,948
Property and equipment, at cost	$	4,853,998	$	4,591,936

Capital additions, including capitalized interest, during the three months ended June 30, 2024 and 2023, totaled $151.7 million and $115.9 million, respectively, and during the six months ended June 30, 2024 and 2023, totaled $266.6 million and $170.9 million, respectively.

During the second quarter of 2024, we sold the Noble Explorer for total proceeds of $25.0 million, $21.5 million of which was received in the fourth quarter of 2023, resulting in a pre-tax gain of $17.4 million.