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Segments and Geographic Area Analysis
6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Segments and Geographic Area Analysis

10. Segments and Geographic Area Analysis

We provide contract drilling services with different types of offshore drilling rigs and also provide such services in many geographic locations. However, we have aggregated these operations into one reportable segment based on the similarity of economic characteristics due to the nature of the revenue-earning process as it relates to the offshore drilling industry over the operating lives of our drilling rigs and other qualitative factors such as (i) the nature of services provided (contract drilling), (ii) similarity in operations (interchangeable rig crews and shared management and marketing, engineering, marine and maintenance support), (iii) similar regulatory environment (depending on customer and/or location) and (iv) similar contractual arrangements with customers.

 

Our drilling rigs are highly mobile and may be moved to other markets throughout the world in response to market conditions or customer needs. At June 30, 2023, our active drilling rigs were located offshore four countries in addition to the United States. Revenues by geographic area are presented by attributing revenues to the individual country where the services were performed during the periods presented, which may not be indicative of where the rigs are currently located.

The following tables provide information about disaggregated revenue by country (in thousands):

 

 

Three Months Ended June 30, 2023

 

 

 

Total
 Contract
 Drilling
 Revenues

 

 

Revenues
 Related to
 Reimbursable
 Expenses

 

 

Total

 

United States

 

$

129,929

 

 

$

8,531

 

 

$

138,460

 

United Kingdom

 

 

59,841

 

 

 

4,592

 

 

 

64,433

 

Senegal

 

 

53,864

 

 

 

2,527

 

 

 

56,391

 

Brazil

 

 

21,068

 

 

 

 

 

 

21,068

 

Australia

 

 

288

 

 

 

923

 

 

 

1,211

 

Total

 

$

264,990

 

 

$

16,573

 

 

$

281,563

 

 

 

 

 

Six Months Ended June 30, 2023

 

 

 

Total
 Contract
 Drilling
 Revenues

 

 

Revenues
 Related to
 Reimbursable
 Expenses

 

 

Total

 

United States

 

$

234,510

 

 

$

21,089

 

 

$

255,599

 

United Kingdom

 

 

77,543

 

 

 

5,652

 

 

 

83,195

 

Senegal

 

 

105,995

 

 

 

5,708

 

 

 

111,703

 

Brazil

 

 

41,728

 

 

 

 

 

 

41,728

 

Australia

 

 

19,597

 

 

 

1,762

 

 

 

21,359

 

Total

 

$

479,373

 

 

$

34,211

 

 

$

513,584

 

 

 

 

 

 

Three Months Ended June 30, 2022

 

 

 

Total
 Contract
 Drilling
 Revenues

 

 

Revenues
 Related to
 Reimbursable
 Expenses

 

 

Total

 

United States

 

$

79,171

 

 

$

15,964

 

 

$

95,135

 

United Kingdom

 

 

19,089

 

 

 

2,459

 

 

 

21,548

 

Senegal

 

 

26,704

 

 

 

4,103

 

 

 

30,807

 

Brazil

 

 

19,753

 

 

 

 

 

 

19,753

 

Australia

 

 

32,162

 

 

 

3,442

 

 

 

35,604

 

Myanmar

 

 

 

 

 

2,855

 

 

 

2,855

 

Total

 

$

176,879

 

 

$

28,823

 

 

$

205,702

 

 

 

Six Months Ended June 30, 2022

 

 

 

Total
 Contract
 Drilling
 Revenues

 

 

Revenues
 Related to
 Reimbursable
 Expenses

 

 

Total

 

United States

 

$

155,453

 

 

$

42,203

 

 

$

197,656

 

United Kingdom

 

 

21,395

 

 

 

3,887

 

 

 

25,282

 

Senegal

 

 

53,820

 

 

 

5,849

 

 

 

59,669

 

Brazil

 

 

39,019

 

 

 

 

 

 

39,019

 

Australia

 

 

47,860

 

 

 

6,046

 

 

 

53,906

 

Myanmar

 

 

9,584

 

 

 

6,825

 

 

 

16,409

 

Total

 

$

327,131

 

 

$

64,810

 

 

$

391,941