Drilling and Other Property and Equipment

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Drilling and Other Property and Equipment

9. 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,
	2023			2022
Drilling rigs and equipment	$	1,244,798		$	1,126,793
Finance lease right of use asset		174,571			174,571
Land and buildings		10,040			10,001
Office equipment and other		5,180			2,515
Cost		1,434,589			1,313,880
Less: accumulated depreciation		(278,221	)		(171,972	)
Drilling and other property and equipment, net	$	1,156,368		$	1,141,908