Segments and Geographic Area Analysis

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Segments and Geographic Area Analysis

14. 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.

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, 2021, our active drilling rigs were located offshore five 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.

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

	Successor
	Three Months Ended September 30, 2021
	Total Contract Drilling Revenues		Revenues Related to Reimbursable Expenses		Total
United States	$	71,954	$	17,075	$	89,029
Australia		34,671		3,530		38,201
Senegal		23,223		6,679		29,902
United Kingdom		22,271		1,576		23,847
Brazil		20,511		—		20,511
Myanmar		10,526		1,861		12,387
Total	$	183,156	$	30,721	$	213,877

	Successor
	Period from April 24, 2021 through September 30, 2021
	Total Contract Drilling Revenues		Revenues Related to Reimbursable Expenses		Total
United States	$	122,732	$	25,806	$	148,538
Australia		58,620		8,810		67,430
Senegal		23,223		6,671		29,894
United Kingdom		35,186		2,529		37,715
Brazil		23,735		—		23,735
Myanmar		17,693		3,783		21,476
Total	$	281,189	$	47,599	$	328,788

	Predecessor
	Period from January 1, 2021 through April 23, 2021
	Total Contract Drilling Revenues		Revenues Related to Reimbursable Expenses		Total
United States	$	93,215	$	7,048	$	100,263
Australia		17,031		4,697		21,728
United Kingdom		27,967		2,300		30,267
Brazil		3,421		—		3,421
Myanmar		11,730		1,970		13,700
Total	$	153,364	$	16,015	$	169,379

	Predecessor
	Three Months Ended September 30, 2020
	Total Contract Drilling Revenues		Revenues Related to Reimbursable Expenses		Total
United States	$	57,523	$	2,569	$	60,092
Brazil		25,774		16		25,790
United Kingdom		25,178		2,198		27,376
Australia		16,279		2,570		18,849
Malaysia (1)		4,591		1,559		6,150
Total	$	129,345	$	8,912	$	138,257

	Predecessor
	Nine Months Ended September 30, 2020
	Total Contract Drilling Revenues		Revenues Related to Reimbursable Expenses			Total
United States	$	244,578	$	8,998		$	253,576
Brazil		145,921		(24	)		145,897
United Kingdom		86,949		7,075			94,024
Australia		49,663		10,682			60,345
Malaysia (1)		8,737		3,051			11,788
Total	$	535,848	$	29,782		$	565,630

⁽¹⁾ Revenue earned by the Ocean Monarch during a standby period in Malaysia while awaiting clearance to begin operations in Myanmar waters.