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AFFILIATES BALANCES (Tables)
3 Months Ended
Mar. 31, 2019
Equity Method Investments And Joint Ventures [Abstract]  
Schedule of Balances with Unconsolidated Affiliates

We maintained the following balances with our unconsolidated affiliates as of March 31, 2019 and December 31, 2018:

 

(In thousands)

 

March 31, 2019

 

 

December 31, 2018

 

Due from related parties:

 

 

 

 

 

 

 

 

Sonatide (Angola)

 

$

92,202

 

 

 

109,176

 

DTDW (Nigeria)

 

 

26,847

 

 

 

23,775

 

 

 

 

 

 

 

 

 

 

Due to related parties:

 

 

 

 

 

 

 

 

Sonatide (Angola)

 

$

29,611

 

 

 

29,347

 

DTDW (Nigeria)

 

 

10,634

 

 

 

5,625

 

 

 

 

 

 

 

 

 

 

Due from related parties, net of due to related parties

 

$

78,804

 

 

 

97,979

 

 

Schedule of Amounts Due from Affiliate

 

 

Three Months

 

 

 

Ended

 

(In thousands)

 

March 31, 2019

 

Due from Sonatide at beginning of quarter

 

$

109,176

 

Revenue earned by the company through Sonatide

 

 

15,387

 

Less amounts received from Sonatide

 

 

(25,285

)

Less amounts used to offset Due to Sonatide obligations (A)

 

 

(6,021

)

Other

 

 

(1,055

)

Total due from Sonatide at end of quarter

 

$

92,202

 

 

 

(A)

We reduced the respective due from affiliates and due to affiliates balances each period through netting transactions based on agreement with the joint venture.

 

Schedule of Amounts Due to Affiliate

 

 

Three Months

 

 

 

Ended

 

(In thousands)

 

March 31, 2019

 

Due to Sonatide at beginning of quarter

 

$

29,347

 

Plus commissions payable to Sonatide

 

 

1,475

 

Plus amounts paid by Sonatide on behalf of the company

 

 

5,364

 

Less amounts used to offset Due from Sonatide obligations (A)

 

 

(6,037

)

Other

 

 

(538

)

Total due to Sonatide at end of quarter

 

$

29,611

 

 

 

(A)

We reduced the respective due from affiliates and due to affiliates balances each period through netting transactions based on agreement with the joint venture.