XML 66 R39.htm IDEA: XBRL DOCUMENT

Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2024

Disclosure of detailed information about property, plant and equipment [abstract]

Schedule of Property, Plant and Equipment


		2024				2023
Cost		$	7,344,532			$	6,918,765
Accumulated depreciation			(4,988,359	)			(4,580,677	)
		$	2,356,173			$	2,338,088
Rig equipment			2,118,055				2,094,510
Rental equipment			16,066				16,066
Other equipment			5,999				9,236
Vehicles			1,787				2,333
Buildings			43,870				45,827
Assets under construction			133,543				126,872
Land			36,853				43,244
		$	2,356,173			$	2,338,088

Cost


		Rig Equipment			Rental Equipment			Other Equipment			Vehicles			Buildings			Assets Under Construction			Land			Total
Balance, December 31, 2022		$	6,334,462		$	96,454		$	175,409		$	36,002		$	114,323		$	117,535		$	32,586		$	6,906,771
Additions			24,158			102			151			—			612			199,937			—			224,960
Acquisitions			118,965			—			1,500			500			8,960			—			11,040			140,965
Disposals			(127,979	)		—			(9,681	)		(3,058	)		(214	)		(39	)		(10	)		(140,981	)
Reclassifications			172,300			—			6,038			—			2,038			(180,376	)		—			—
Asset decommissioning			(78,367	)		—			—			—			—			—			—			(78,367	)
Foreign exchange			(119,329	)		(75	)		(2,988	)		(748	)		(886	)		(10,185	)		(372	)		(134,583	)
Balance, December 31, 2023			6,324,210			96,481			170,429			32,696			124,833			126,872			43,244			6,918,765
Additions			59,650			—			14,516			95			985			141,401			—			216,647
Transferred to assets held for sale			—			—			—			—			—			—			(5,501	)		(5,501	)
Disposals			(153,166	)		—			(17,327	)		(3,646	)		(3,089	)		—			(2,100	)		(179,328	)
Reclassifications			137,658			—			—			—			—			(137,658	)		—			—
Foreign exchange			380,811			279			3,091			1,718			3,912			2,928			1,210			393,949
Balance, December 31, 2024		$	6,749,163		$	96,760		$	170,709		$	30,863		$	126,641		$	133,543		$	36,853		$	7,344,532

Accumulated Depreciation


		Rig Equipment			Rental Equipment			Other Equipment			Vehicles			Buildings			Assets Under Construction			Land			Total
Balance, December 31, 2022		$	4,251,016		$	80,477		$	163,944		$	32,622		$	75,374		$	—		$	—		$	4,603,433
Depreciation expense			268,532			12			9,070			924			4,237			—			—			282,775
Disposals			(122,823	)		—			(9,681	)		(2,788	)		(133	)		—			—			(135,425	)
Asset decommissioning			(68,775	)		—			—			—			—			—			—			(68,775	)
Foreign exchange			(98,250	)		(74	)		(2,140	)		(395	)		(472	)		—			—			(101,331	)
Balance, December 31, 2023			4,229,700			80,415			161,193			30,363			79,006			—			—			4,580,677
Depreciation expense			276,815			—			14,267			720			4,317			—			—			296,119
Disposals			(141,694	)		—			(17,091	)		(3,504	)		(2,667	)		—			—			(164,956	)
Foreign exchange			266,287			279			6,341			1,497			2,115			—			—			276,519
Balance, December 31, 2024		$	4,631,108		$	80,694		$	164,710		$	29,076		$	82,771		$	—		$	—		$	4,988,359