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v3.22.1

Long-Term Debt - Syndicated Senior Secured Credit Facilities (Details) $ in Millions |  |  |  |  | 1 Months Ended |  |  |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Jan. 31, 2021 USD ($) | Jun. 30, 2020 USD ($) | Sep. 12, 2019 USD ($) rig | Jun. 25, 2019 USD ($) rig shares | Jun. 30, 2020 | Jan. 31, 2022 | Dec. 31, 2021 USD ($) | Dec. 28, 2021 | Jan. 30, 2021 | Dec. 31, 2020 USD ($)
Credit Facility [Abstract] |  |  |  |  |  |  |  |  |  |
Debt service coverage ratio |  |  |  |  | 1.25 |  |  |  |  |
Deferred amendment fee |  |  |  |  |  |  | $ 42.8 |  |  | $ 42.8
Long-term debt |  |  |  |  |  |  | 1,915.9 |  |  | $ 1,906.2
Period 1 |  |  |  |  |  |  |  |  |  |
Credit Facility [Abstract] |  |  |  |  |  |  |  |  |  |
Minimum book equity ratio |  | 25.00% |  |  | 25.00% |  |  |  |  |
Period 2 |  |  |  |  |  |  |  |  |  |
Credit Facility [Abstract] |  |  |  |  |  |  |  |  |  |
Minimum book equity ratio |  | 40.00% |  |  | 40.00% |  |  |  |  |
Syndicated Senior Secured Credit Facilities |  |  |  |  |  |  |  |  |  |
Credit Facility [Abstract] |  |  |  |  |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  |  |  | $ 450.0 |  |  |  |  |  |
Number of jack-up rigs as security | rig |  |  |  | 2 |  |  |  |  |  |
Minimum number of shares required to maintain ownership (in shares) | shares |  |  |  | 3,000,000 |  |  |  |  |  |
Book value of jackup rigs pledged as collateral for long-term debt facilities |  |  |  |  |  |  | 571.9 |  |  |
Percentage covered for aggregate outstanding facility, amount |  |  |  |  |  |  |  |  | 140.00% | 175.00%
Line of credit |  |  |  |  |  |  | 272.7 |  |  |
Deferred amendment fee |  |  |  |  |  |  | 2.7 |  |  |
Amount of facility utilised |  |  |  |  |  |  | 11.2 |  |  |
Long-term debt |  |  |  |  |  |  | 272.7 |  |  | $ 270.0
Revolving credit facility, amount available, undrawn |  |  |  |  |  |  | 10.0 |  |  |
Syndicated Senior Secured Credit Facilities | Period 1 |  |  |  |  |  |  |  |  |  |
Credit Facility [Abstract] |  |  |  |  |  |  |  |  |  |
Minimum book equity ratio | 30.00% |  |  |  |  |  |  | 25.00% |  |
Minimum cash requirement |  | $ 5.0 |  |  |  |  |  |  |  |
Syndicated Senior Secured Credit Facilities | Period 1 | Subsequent Event |  |  |  |  |  |  |  |  |  |
Credit Facility [Abstract] |  |  |  |  |  |  |  |  |  |
Minimum book equity ratio |  |  |  |  |  | 25.00% |  |  |  |
Syndicated Senior Secured Credit Facilities | Period 2 |  |  |  |  |  |  |  |  |  |
Credit Facility [Abstract] |  |  |  |  |  |  |  |  |  |
Minimum book equity ratio |  |  |  |  |  |  |  | 30.00% |  |
Maximum book equity ratio | 35.00% |  |  |  |  |  |  |  |  |
Minimum cash requirement |  | 10.0 |  |  |  |  |  |  |  |
Syndicated Senior Secured Credit Facilities | Period 2 | Subsequent Event |  |  |  |  |  |  |  |  |  |
Credit Facility [Abstract] |  |  |  |  |  |  |  |  |  |
Minimum book equity ratio |  |  |  |  |  | 30.00% |  |  |  |
Syndicated Senior Secured Credit Facilities | Period 3 |  |  |  |  |  |  |  |  |  |
Credit Facility [Abstract] |  |  |  |  |  |  |  |  |  |
Minimum book equity ratio |  |  |  |  |  |  |  | 35.00% |  |
Minimum cash requirement | $ 5.0 | 15.0 |  |  |  |  |  |  |  |
Syndicated Senior Secured Credit Facilities | Period 3 | Subsequent Event |  |  |  |  |  |  |  |  |  |
Credit Facility [Abstract] |  |  |  |  |  |  |  |  |  |
Minimum book equity ratio |  |  |  |  |  | 35.00% |  |  |  |
Syndicated Senior Secured Credit Facilities | Period 4 |  |  |  |  |  |  |  |  |  |
Credit Facility [Abstract] |  |  |  |  |  |  |  |  |  |
Minimum cash requirement | 10.0 | 20.0 |  |  |  |  |  |  |  |
Syndicated Senior Secured Credit Facilities | Period 5 |  |  |  |  |  |  |  |  |  |
Credit Facility [Abstract] |  |  |  |  |  |  |  |  |  |
Minimum cash requirement | $ 15.0 | $ 30.0 |  |  |  |  |  |  |  |
Minimum cash requirement, percentage |  | 3.00% |  |  |  |  |  |  |  |
Senior Secured Credit Facilities |  |  |  |  |  |  |  |  |  |
Credit Facility [Abstract] |  |  |  |  |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  |  |  | $ 230.0 |  |  |  |  |  |
New Build Facility |  |  |  |  |  |  |  |  |  |
Credit Facility [Abstract] |  |  |  |  |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  |  |  | 50.0 |  |  |  |  |  |
Issuance of Guarantees and Trade Finance Instruments |  |  |  |  |  |  |  |  |  |
Credit Facility [Abstract] |  |  |  |  |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  |  |  | 70.0 |  |  | $ 70.0 |  |  |
Incremental Facility |  |  |  |  |  |  |  |  |  |
Credit Facility [Abstract] |  |  |  |  |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  |  |  | $ 100.0 |  |  |  |  |  |
Number of jack-up rigs as security | rig |  |  | 1 |  |  |  |  |  |  |
Proceeds from lines of credit |  |  | $ 50.0 |  |  |  |  |  |  |
Number of jack-up rigs secured by mortgage | rig |  |  |  | 7 |  |  |  |  |  |
Clifford Capital Pte. Ltd. Loan Agreement |  |  |  |  |  |  |  |  |  |
Credit Facility [Abstract] |  |  |  |  |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  |  | $ 25.0 |  |  |  |  |  |  |

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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 + Details
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- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (b)(3) -URI http://asc.fasb.org/extlink&oid=123466204&loc=SL6031897-161870 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69C -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495737-112612 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1D -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495340-112611 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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