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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2020
Commitments And Contingencies Disclosure [Abstract]  
Summary of Total Minimum Commitments Associated With Long-Term Non-cancelable Operating Lease

The table below summarizes the Company’s total minimum commitments associated with vessel commitments and purchase obligations as of December 31, 2020 (in thousands):

 

 

2021

 

 

2022

 

 

2023

 

 

2024

 

 

Thereafter

 

 

Total

 

Vessel Commitments(1)

 

$

800

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

800

 

Committed purchase orders(2)

 

 

2,165

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,165

 

Total

 

$

2,965

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

2,965

 

 

(1)

Includes vessel commitments the Company will utilize for certain deep water well intervention and decommissioning activities. These commitments represent gross contractual obligations and accordingly, other joint owners in the properties operated by the Company will be billed for their working interest share of such costs.

(2)

Includes committed purchase orders to execute planned future drilling and completion activities. These commitments represent gross contractual obligations and accordingly, other joint owners in the properties operated by the Company will be billed for their working interest share of such costs.