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Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2020

Disclosure Of Significant Accounting Policies [Abstract]

Schedule of Property, Plant and Equipment Depreciation

Property, plant, and equipment are depreciated as follows:

		Expected Life		Salvage Value				Basis of Depreciation
Drilling rig equipment:
– Power & Tubulars		5 years		–				straight-line
– Dynamic		10 years		–				straight-line
– Structural		20 years		10%				straight-line
Service rig equipment		20 years		10%				straight-line
Drilling rig spare equipment		up to 15 years		–				straight-line
Service rig spare equipment		up to 15 years		–				straight-line
Rental equipment		up to 15 years		0 to 25%				straight-line
Other equipment		3 to 10 years		–				straight-line
Light duty vehicles		4 years		–				straight-line
Heavy duty vehicles		7 to 10 years		–				straight-line
Buildings		10 to 20 years		–				straight-line

X

- Definition

The disclosure of depreciation and amortisation expense. [Refer: Depreciation and amortisation expense]

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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-URIDate 2020-01-01

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X

- Definition

Disclosure of significant accounting policies.

+ References

No definition available.

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