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Segments and Geographic Area Analysis
9 Months Ended
Sep. 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 September 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 September 30, 2023

 

 

 

Total
 Contract
 Drilling
 Revenues

 

 

Revenues
 Related to
 Reimbursable
 Expenses

 

 

Total

 

United States

 

$

123,140

 

 

$

8,885

 

 

$

132,025

 

United Kingdom

 

 

36,207

 

 

 

4,839

 

 

 

41,046

 

Senegal

 

 

29,365

 

 

 

3,539

 

 

 

32,904

 

Brazil

 

 

18,982

 

 

 

 

 

 

18,982

 

Australia

 

 

17,235

 

 

 

2,766

 

 

 

20,001

 

Total

 

$

224,929

 

 

$

20,029

 

 

$

244,958

 

 

 

 

 

Nine Months Ended September 30, 2023

 

 

 

Total
 Contract
 Drilling
 Revenues

 

 

Revenues
 Related to
 Reimbursable
 Expenses

 

 

Total

 

United States

 

$

357,650

 

 

$

29,974

 

 

$

387,624

 

United Kingdom

 

 

113,750

 

 

 

10,491

 

 

 

124,241

 

Senegal

 

 

135,360

 

 

 

9,247

 

 

 

144,607

 

Brazil

 

 

60,710

 

 

 

 

 

 

60,710

 

Australia

 

 

36,832

 

 

 

4,528

 

 

 

41,360

 

Total

 

$

704,302

 

 

$

54,240

 

 

$

758,542

 

 

 

 

 

 

Three Months Ended September 30, 2022

 

 

 

Total
 Contract
 Drilling
 Revenues

 

 

Revenues
 Related to
 Reimbursable
 Expenses

 

 

Total

 

United States

 

$

70,970

 

 

$

26,917

 

 

$

97,887

 

United Kingdom

 

 

26,111

 

 

 

2,520

 

 

 

28,631

 

Senegal

 

 

46,274

 

 

 

2,603

 

 

 

48,877

 

Brazil

 

 

21,564

 

 

 

 

 

 

21,564

 

Australia

 

 

24,616

 

 

 

4,049

 

 

 

28,665

 

Myanmar

 

 

326

 

 

 

123

 

 

 

449

 

Total

 

$

189,861

 

 

$

36,212

 

 

$

226,073

 

 

 

Nine Months Ended September 30, 2022

 

 

 

Total
 Contract
 Drilling
 Revenues

 

 

Revenues
 Related to
 Reimbursable
 Expenses

 

 

Total

 

United States

 

$

226,425

 

 

$

69,121

 

 

$

295,546

 

United Kingdom

 

 

47,506

 

 

 

6,407

 

 

 

53,913

 

Senegal

 

 

100,094

 

 

 

8,451

 

 

 

108,545

 

Brazil

 

 

60,583

 

 

 

 

 

 

60,583

 

Australia

 

 

72,475

 

 

 

10,095

 

 

 

82,570

 

Myanmar

 

 

9,909

 

 

 

6,948

 

 

 

16,857

 

Total

 

$

516,992

 

 

$

101,022

 

 

$

618,014