| SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT |
Property,
plant and equipment, net of accumulated depreciation, of the Company consists of the following as of the period end dates set forth below
(in US$ thousands):
SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT
| | |
Lives (in years) | |
March 31, 2026 | | |
December 31, 2025 | |
| | |
Estimated Useful | |
As of | |
| | |
Lives (in years) | |
March 31, 2026 | | |
December 31, 2025 | |
| Buildings and leasehold improvements | |
5 to 25 | |
$ | 56,588 | | |
$ | 56,937 | |
| Drilling rigs, plant and equipment | |
1 to 15 | |
| 856,146 | | |
| 818,147 | |
| Office equipment (furniture and fixtures) and tools | |
3 to 10 | |
| 14,930 | | |
| 14,785 | |
| Vehicles and cranes | |
5 to 10 | |
| 8,944 | | |
| 9,364 | |
| Property plant and equipment, gross | |
5 to 10 | |
| 8,944 | | |
| 9,364 | |
| Less: Accumulated depreciation | |
| |
| (538,331 | ) | |
| (522,072 | ) |
| Land | |
| |
| 11,664 | | |
| 11,664 | |
| Capital work in progress | |
| |
| 66,213 | | |
| 76,629 | |
| Total | |
| |
$ | 476,154 | | |
$ | 465,454 | |
|