GEOGRAPHIC AREA INFORMATION

12 Months Ended

Dec. 31, 2011

GEOGRAPHIC AREA INFORMATION [Abstract]

GEOGRAPHIC AREA INFORMATION

NOTE 11 – GEOGRAPHIC AREA INFORMATION

The classifications of revenues and assets among geographic areas in the tables which follow were determined based on the physical location of assets.  Because the Company's offshore drilling rigs are mobile, classifications by area are dependent on the rigs' location at the time revenues are earned, and may vary from one period to the next.

Revenues by geographic area are set forth below (in thousands):

	2011		2010		2009
United States	$	264,255	$	287,579	$	291,882
United Kingdom		230,638		99,111		146,827
Saudi Arabia		204,086		207,131		280,187
Norway		73,829		80,717		25,783
Qatar		59,824		78,819		98,875
Trinidad		56,682		-		-
Mexico		27,977		45,633		14,101
Vietnam		9,901		-		-
Malaysia		6,776		-		-
Egypt		5,261		71,811		12,019
Canada		-		78,361		57,337
Angola		-		68,543		115,992
Consolidated revenues	$	939,229	$	1,017,705	$	1,043,003

Long-lived assets by geographic area at December 31 are set forth below (in thousands):

	2011		2010		2009
United Kingdom	$	1,562,942	$	822,335	$	387,546
United States		1,234,233		1,044,315		1,078,933
Saudi Arabia		1,078,663		743,002		535,448
Rigs under construction		711,558		937,609		528,669
Norway		501,447		202,773		-
Trinidad		258,749		204,432		-
Vietnam		198,205		-		-
Qatar		87,781		91,735		49,390
Malaysia		45,039		-		-
Egypt		-		200,551		214,814
Mexico		-		54,307		56,032
Canada		-		43,463		40,423
Angola		-		-		202,290
Other		96		-		46
Consolidated long-lived assets	$	5,678,713	$	4,344,522	$	3,093,591