Segments and Geographic Area Analysis

9 Months Ended

Sep. 30, 2017

9. Segments and Geographic Area Analysis

Although we provide contract drilling services with different types of offshore drilling rigs and also provide such services in many geographic locations, 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.

Revenues from contract drilling services by equipment type are listed below.


	Three Months Ended September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
	(In thousands)
Floaters:
Ultra-Deepwater	$	275,859	$	217,275	$	801,859	$	757,338
Deepwater		35,634		66,011		170,482		192,319
Mid-Water		39,616		56,350		124,444		160,716

Total Floaters		351,109		339,636		1,096,785		1,110,373
Jack-ups		6,574		—		16,625		30,195

Total contract drilling revenues		357,683		339,636		1,113,410		1,140,568
Revenues related to reimbursable expenses		8,340		9,542		26,128		67,900

Total revenues	$	366,023	$	349,178	$	1,139,538	$	1,208,468

Geographic Areas

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, 2017, our active drilling rigs were located offshore in five countries in addition to the United States. Revenues by geographic area are presented by attributing revenues to the individual country or areas where the services were performed.


	Three Months Ended September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
	(In thousands)
United States	$	171,476	$	121,895	$	481,933	$	414,087

International:
South America		58,750		105,614		272,929		333,803
Australia/Asia		80,543		56,688		219,103		169,323
Europe		48,680		63,117		148,948		253,287
Mexico		6,574		1,864		16,625		37,968

Total revenues	$	366,023	$	349,178	$	1,139,538	$	1,208,468