v3.26.1
Property and Equipment
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment
Note 4 — Property and Equipment
Property and equipment, at cost, for Noble consisted of the following:
June 30, 2026
December 31, 2025
Drilling equipment and facilities
$
6,459,904 
$
6,332,098 
Construction in progress
403,878 
215,637 
Other
94,441 
91,310 
Property and equipment, at cost
$
6,958,223 
$
6,639,045 
Capital additions, including capitalized interest, during the three months ended June 30, 2026 and 2025, totaled $233.5 million and $115.0 million, respectively. Capital additions, including capitalized interest, during the six months ended June 30, 2026 and 2025, totaled $370.8 million and $204.3 million, respectively.
In June 2026, the Ocean Apex met the criteria to be classified as held for sale and we recorded a loss on impairment of $42.3 million to reduce its carrying value to its estimated fair value less costs to sell. We estimated the fair value of the asset using significant other observable inputs representative of Level 2 fair value measurements, including binding contracts or indicative market values for the sale of rigs. In July 2026, we completed the sale of the Ocean Apex for net proceeds of approximately $5.1 million.
As of June 30, 2026, the Noble Globetrotter II and Noble Resolve also qualified as held for sale (in addition to the Ocean Apex) and were included in “Other assets” on our Condensed Consolidated Balance Sheet. The combined carrying value of the above rigs totaled $96.8 million.
During the second quarter of 2025, we sold the Pacific Scirocco for total proceeds of $15.6 million, resulting in a gain of $4.8 million.