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Revenue and Customers (Tables)
 12 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue by Rig Types
The following table provides information about contract drilling revenue by rig types:
Year EndedYear EndedYear Ended
December 31, 2024December 31, 2023December 31, 2022
Floaters$2,349,644 $2,010,113 $997,819 
Jackups569,123 451,602 335,022 
Total$2,918,767 $2,461,715 $1,332,841 
Schedule of Contract Assets and Contract Liabilities
The following table provides information about contract assets and contract liabilities from contracts with customers:
December 31, 2024December 31, 2023
Current customer contract assets$26,049 $4,208 
Noncurrent customer contract assets11,042 208 
Total customer contract assets37,091 4,416 
Current deferred revenue(61,506)(19,679)
Noncurrent deferred revenue(40,439)(23,393)
Total deferred revenue$(101,945)$(43,072)
Significant changes in the remaining performance obligation contract assets and the contract liabilities balances for the year ended December 31, 2024 and 2023, are as follows:
Contract AssetsContract Liabilities
Net balance at December 31, 2021$5,744 $(27,755)
Additions to deferred costs34,187 — 
Additions to deferred revenue— (108,971)
Amortization of deferred costs(19,875)— 
Amortization of deferred revenue— 55,521 
Reclassification to held for sale and subsequent derecognition(8,519)21,408 
Total5,793 (32,042)
Net balance at December 31, 2022$11,537 $(59,797)
Additions to deferred costs19,575 — 
Additions to deferred revenue— (60,430)
Amortization of deferred costs(26,696)— 
Amortization of deferred revenue— 77,155 
Total(7,121)16,725 
Net balance at December 31, 2023$4,416 $(43,072)
Additions to deferred costs55,323 — 
Additions to deferred revenue— (134,359)
Amortization of deferred costs(22,648)— 
Amortization of deferred revenue— 75,486 
Total32,675 (58,873)
Net balance at December 31, 2024$37,091 $(101,945)
Unfavorable contactsFavorable
contracts
Balance at December 31, 2021$— $61,849 
Additions(237,703)22,991 
Amortization55,820 (50,468)
Balance at December 31, 2022$(181,883)$34,372 
Additions— — 
Amortization131,020 (24,244)
Balance at December 31, 2023$(50,863)$10,128 
Additions(27,663)— 
Amortization69,946 (9,914)
Balance at December 31, 2024$(8,580)$214 
Estimated future amortization over the expected remaining contract periods:
Year Ended December 31,
2025Total
Unfavorable contracts$8,580 $8,580 
Favorable contracts(214)(214)
Total$8,366 $8,366 
Schedule of Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
The following table reflects revenue expected to be recognized in the future related to deferred revenue, by rig type, at the end of the reporting period:
Year Ended December 31,
2025202620272028Total
Floaters$54,747 $15,170 $11,522 $5,532 $86,971 
Jackups6,759 4,708 3,499 8 14,974 
Total$61,506 $19,878 $15,021 $5,540 $101,945