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Drilling and Other Property and Equipment (Tables)
12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Summary of Cost and Accumulated Depreciation of Drilling and Other Property and Equipment

Cost and accumulated depreciation of drilling and other property and equipment are summarized as follows (in thousands):

 

 

December 31,

 

 

 

2022

 

 

2021

 

Drilling rigs and equipment

 

$

1,126,793

 

 

$

1,057,739

 

Finance lease right of use asset

 

 

174,571

 

 

 

174,571

 

Land and buildings

 

 

10,001

 

 

 

9,823

 

Office equipment and other

 

 

2,515

 

 

 

2,264

 

Cost

 

 

1,313,880

 

 

 

1,244,397

 

Less: accumulated depreciation

 

 

(171,972

)

 

 

(68,502

)

Drilling and other property and equipment, net

 

$

1,141,908

 

 

$

1,175,895