Segments and Geographic Area Analysis

6 Months Ended

Jun. 30, 2024

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, 2024, 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, 2024
	Total  Contract  Drilling  Revenues		Revenues  Related to  Reimbursable  Expenses		Total
United States	$	134,728	$	5,459	$	140,187
United Kingdom		34,535		1,833		36,368
Brazil		27,712		2,123		29,835
Senegal		23,388		—		23,388
Australia		19,866		3,242		23,108
Total	$	240,229	$	12,657	$	252,886

	Six Months Ended June 30, 2024
	Total  Contract  Drilling  Revenues		Revenues  Related to  Reimbursable  Expenses		Total
United States	$	281,203	$	12,787	$	293,990
United Kingdom		52,434		7,475		59,909
Brazil		49,958		—		49,958
Senegal		60,332		3,649		63,981
Australia		55,072		4,586		59,658
Total	$	498,999	$	28,497	$	527,496

	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
Brazil		21,068		—		21,068
Senegal		53,864		2,527		56,391
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
Brazil		41,728		—		41,728
Senegal		105,995		5,708		111,703
Australia		19,597		1,762		21,359
Total	$	479,373	$	34,211	$	513,584