Vantage Drilling International (VTDRF) 10-K 30 Mar 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Feb. 11, 2016	Jun. 30, 2015
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Trading Symbol	OGIL
Entity Registrant Name	Vantage Drilling International
Entity Central Index Key	1,465,872
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	No
Entity Voluntary Filers	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		5,000,053
Entity Public Float			$ 0

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Current assets
Cash and cash equivalents	$ 203,420	$ 75,801
Trade receivables	70,722	151,625
Inventory	64,495	65,893
Prepaid expenses and other current assets	22,404	28,019
Total current assets	361,041	321,338
Property and equipment
Property and equipment	3,481,006	3,439,242
Accumulated depreciation	(532,619)	(406,674)
Property and equipment, net	2,948,387	3,032,568
Other assets
Other assets	22,904	71,226
Total other assets	22,904	71,226
Total assets	3,332,332	3,425,132
Current liabilities
Accounts payable	49,437	214,685
Accrued liabilities	21,702	73,195
Current maturities of long-term debt and revolving credit agreement		53,500
Note payable to parent	61,477
Total current liabilities	132,616	341,380
Long–term debt, net of discount of $0 and $8,074		2,497,103
Other long-term liabilities	33,249	$ 85,243
Liabilities subject to compromise	$ 2,694,456
Commitments and contingencies (Note 6)
Shareholders’ equity
Additional paid-in capital	$ 595,119	$ 646,270
Accumulated deficit	(138,363)	(155,581)
Total VDI shareholder's equity	456,756	490,689
Noncontolling interests	15,255	10,717
Total equity	472,011	501,406
Total liabilities and shareholder’s equity	$ 3,332,332	$ 3,425,132

Consolidated Balance Sheet (Par

Consolidated Balance Sheet (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Statement Of Financial Position [Abstract]
Long-term debt unamortized discount	$ 0	$ 8,074
Ordinary shares, par value	$ 0.001	$ 0.001
Ordinary shares, shares authorized	50,000,000	50,000,000
Ordinary shares, shares issued	1,000	1,000
Ordinary shares, shares outstanding	1,000	1,000

Consolidated Statement of Opera

Consolidated Statement of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Revenue
Contract drilling services	$ 726,717	$ 807,164
Management fees	7,501	21,258
Reimbursables	38,047	54,482
Total revenue	772,265	882,904
Operating costs and expenses
Operating costs	359,610	405,697
General and administrative	25,322	25,390
Depreciation	127,359	126,610
Total operating costs and expenses	512,291	557,697
Income from operations	259,974	325,207
Other income (expense)
Interest income	84	70
Interest expense and other financing charges (contractual interest of $178,049 during the year ended December 31, 2015)	(173,634)	(196,159)
Gain on debt extinguishment	10,823	4,408
Other, net	4,231	(596)
Reorganization items	(39,354)
Total other income (expense)	(197,850)	(192,277)
Income before income taxes	62,124	132,930
Income tax provision	39,870	39,817
Net income	22,254	93,113
Net income attributable to noncontrolling interests	5,036	257
Net income attributable to VDI	$ 17,218	$ 92,856

Consolidated Statement of Oper5

Consolidated Statement of Operations (Parenthetical) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
Income Statement [Abstract]
Contractual interest	$ 178,049

Consolidated Statement of Share

Consolidated Statement of Shareholders' Equity - USD ($) $ in Thousands	Total	Ordinary Shares	Additional Paid-in Capital	Accumulated Deficit	Non-Controlling Interests
Beginning Balance at Dec. 31, 2013	$ 409,288		$ 646,270	$ (248,437)	$ 11,455
Beginning Balance (in shares) at Dec. 31, 2013		1,000
Distributions to VDC	(995)				(995)
Net income	93,113			92,856	257
Ending Balance at Dec. 31, 2014	$ 501,406		646,270	(155,581)	10,717
Ending Balance (in shares) at Dec. 31, 2014	1,000	1,000
Note issued in acquisition of management entities	$ (61,477)		(61,477)
Distributions to VDC	(498)				(498)
Contributions from VDC	10,326		10,326
Net income	22,254			17,218	5,036
Ending Balance at Dec. 31, 2015	$ 472,011		$ 595,119	$ (138,363)	$ 15,255
Ending Balance (in shares) at Dec. 31, 2015	1,000	1,000

Consolidated Statement of Cash

Consolidated Statement of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 22,254	$ 93,113
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense	127,359	126,610
Amortization of debt financing costs	7,800	10,022
Amortization of debt discount	2,242	2,997
Reorganization items; debt discount and issuance costs write-off	37,129
Non-cash gain on debt extinguishment	(10,814)	(4,409)
Accelerated deferred mobilization income	(21,508)
Deferred income tax expense (benefit)	2,122	(305)
Loss on disposal of assets	1,108	3,008
Changes in operating assets and liabilities:
Restricted cash		2,125
Trade receivables	80,903	12,399
Inventory	1,397	(10,088)
Prepaid expenses and other current assets	5,991	(4,660)
Other assets	8,549	5,275
Accounts payable	(154,922)	(40,580)
Accrued liabilities and other long-term liabilities	(17,023)	44,217
Net cash provided by operating activities	92,587	239,724
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to property and equipment	(46,490)	(35,693)
Net cash used in investing activities	(46,490)	(35,693)
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of long-term debt	(67,980)	(167,561)
Distributions to VDC	(498)	(995)
Proceeds from (repayment of) revolving credit agreement, net	150,000	(10,000)
Net cash provided by (used in) financing activities	81,522	(178,556)
Net increase in cash and cash equivalents	127,619	25,475
Cash and cash equivalents—beginning of year	75,801	50,326
Cash and cash equivalents—end of year	203,420	75,801
Cash paid for:
Interest	124,295	194,561
Income taxes	50,840	27,734
Non-cash investing and financing transactions:
Note issued in acquisition of management entities	61,477
Trade-in value on equipment upgrades		$ 922
Contributions from VDC	$ 10,326

Organization and Recent Events

Organization and Recent Events	12 Months Ended
	Dec. 31, 2015
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization and Recent Events	1. Organization and Recent Events Vantage Drilling International (the “Company” or “VDI”), a Cayman Islands exempted company, is an international offshore drilling company focused on operating a fleet of modern, high specification drilling units. Our principal business is to contract drilling units, related equipment and work crews, primarily on a dayrate basis to drill oil and natural gas wells for our customers. We also provide construction supervision services for drilling units owned by others. Through our fleet of drilling units, we are a provider of offshore contract drilling services to major, national and independent oil and natural gas companies, focused primarily on international markets. The Company was previously known as Offshore Group Investment Limited and changed its corporate name to Vantage Drilling International effective February 11, 2016. Restructuring Agreement and Bankruptcy Proceedings under Chapter 11 On December 1, 2015, we and Vantage Drilling Company (“VDC”), entered into a restructuring support agreement (“Restructuring Agreement”) with a majority of our secured creditors. Pursuant to the terms of the Restructuring Agreement, the Company agreed to pursue a pre-packaged plan of reorganization (the “Reorganization Plan”) under Chapter 11 of Title 11 of the United States Bankruptcy Code and VDC would commence official liquidation proceedings under the laws of the Cayman Islands. On December 2, 2015, pursuant to the Restructuring Agreement, the Company acquired two subsidiaries responsible for the management of the Company from VDC in exchange for a $61.5 million promissory note (the “VDC Note”). As this transaction involved a reorganization of entities under common control, it has been reflected in the accompanying consolidated financial statements, at carryover basis, on a retrospective basis. On December 3, 2015, the Company, certain of its subsidiaries and certain VDC subsidiaries who were guarantors of the Company’s pre-bankruptcy secured debt, filed the Reorganization Plan in the United States Bankruptcy Court for the District of Delaware ( In re Vantage Drilling International (F/K/A Offshore Group Investment Limited), et al. Second Amended and Restated Credit Agreement. The Company entered into an amended and restated credit agreement (the “Credit Agreement”) providing for (i) $32.0 million revolving letter of credit facility to replace the Company’s existing $32.0 million revolving letter of credit commitment under its pre-petition credit facility and (ii) $143.0 million of term loans into which the claims of the lenders under the Company’s pre-petition credit facility were converted. The lenders under the Company’s pre-petition credit facility also received $7.0 million of cash under the Reorganization Plan.The obligations under the Credit Agreement are guaranteed by substantially all of the Company’s subsidiaries, subject to limited exceptions, and secured on a first priority basis by substantially all of the Company’s and the guarantors’ assets, including ship mortgages on all vessels, assignments of related earnings and insurance and pledges of the capital stock of all guarantors, in each case, subject to certain exceptions. The maturity date of the term loans and commitments established under the Credit Agreement is December 31, 2019. Interest is payable on the unpaid principal amount of each term loan under the Credit Agreement at LIBOR plus 6.5%, with a LIBOR floor of 1.0%. The initial term loans are currently bearing interest at 7.5%. Fees are payable on the outstanding face amount of letters of credit at a rate per annum equal to 5.50% as such rate may be increased from time to time pursuant to the terms of the Credit Agreement. The Credit Agreement includes customary representations and warranties, mandatory prepayments, affirmative and negative covenants and events of default, including covenants that, among other things, restrict the granting of liens, the incurrence of indebtedness, the making of investments and capital expenditures, the sale or other conveyance of assets, including vessels, transactions with affiliates, prepayments of certain debt and the operation of vessels. The Credit Agreement also requires that the Company maintain certain levels of available cash (defined to include unrestricted cash and cash equivalents plus undrawn commitments). 10% Senior Secured Second Lien Notes. The Company engaged in a rights offering for $75.0 million of new 10% Senior Secured Second Lien Notes due 2020 (the “10% Second Lien Notes”) for certain holders of its secured debt claims. In connection with this rights offering, certain creditors entered into a “backstop” agreement to purchase 10% Second Lien Notes if the offer was not fully subscribed. The premium paid to such creditors under the backstop agreement was approximately $2.2 million, paid $1.1 million in cash and $1.1 million in additional 10% Second Lien Notes, resulting in a total issued amount of $76.1 million of 10% Second Lien Notes, and raising approximately $73.9 million, after deducting the cash portion of the backstop premium. The 10% Second Lien Notes were issued at par, and are fully and unconditionally guaranteed, on a senior secured basis, by certain subsidiaries of the Company. The 10% Second Lien Notes mature on December 31, 2020, and bear interest from the date of their issuance at the rate of 10% per year. Interest on outstanding 10% Second Lien Notes is payable semi-annually in arrears, commencing on June 30, 2016. Interest is computed on the basis of a 360-day year comprised of twelve 30-day months. The Second Lien Indenture includes customary covenants and events of default, including covenants that, among other things, restrict the granting of liens, restrict the making of investments, restrict the incurrence of indebtedness and the conveyance of vessels, limit transactions with affiliates, and require that the Company provide periodic financial report. 1%/12% Step-Up Senior Secured Third Lien Convertible Notes. The Company issued 4,344,959 new ordinary shares of the reorganized Company (the “New Shares”) and $750.0 million of 1%/12% Step-Up Senior Secured Third Lien Convertible Notes due December 31, 2030 (the “Convertible Notes”) to certain creditors holding approximately $2.5 billion of pre-petition secured debt claims. The New Shares issued to these creditors and the Convertible Notes may only be traded together and not separately. The Convertible Notes are convertible into New Shares in certain circumstances, at a conversion price (subject to adjustment in accordance with the terms of the Third Liin Indenture) which was $95.60 as of the issue date. The Third Lien Indenture includes customary covenants that restrict the granting of liens and customary events of default, including, among other things, failure to issue securities upon conversion of the Convertible Notes. Interest on the Third Lien Notes is payable semi-annually in arrears commencing June 30, 2016 as a payment in kind, either through an increase in the outstanding principal amount of the Third Lien Notes or, if the Company is unable to increase such principal amount, by the issuance of additional Third Lien Notes. Interest is computed on the basis of a 360-day year comprised of twelve 30-day months at a rate of 1% per annum for the first four years and then increasing to 12% per annum until maturity. Conversion . The principal balance of the Convertible Notes (including payment in kind interest thereon) is convertible into New Shares at a conversion rate based on an initial price per share of $95.60 per New Ordinary Share, subject to adjustment, as described in the Third Lien Indenture. The Convertible Notes are convertible only (a) prior to the third anniversary of the issue date (February 10, 2016), (i) upon the instruction of holders of a majority in principal amount of the Convertible Notes or (ii) upon the full and final resolution of all potential Investigation Claims (as defined below), as determined in good faith by the board of directors of the Company (the “Board”) (which determination shall require the affirmative vote of a supermajority of the non-management directors), and (b) from and after February 10, 2019 through their maturity date of December 31, 2030, upon the approval of the Board (which approval shall require the affirmative vote of a supermajority of the non-management directors). For these purposes, (i) “supermajority of the non-management directors” means five affirmative votes of non-management directors assuming six non-management directors eligible to vote and, in all other circumstances, the affirmative vote of at least 75% of the non-management directors eligible to vote and (ii) “Investigation Claim” means any claim held by a United States or Brazilian governmental unit and arising from or related to the procurement of that certain Agreement for the Provision of Drilling Services, dated as of February 4, 2009, by and between Petrobras Venezuela Investments & Services B.V. and Vantage Deepwater Company, as amended, modified, supplemented, or novated from time to time. Upon the occurrence of specified change of control events or certain losses of our vessels in the agreements governing our Credit Agreement, 10% Second Lien Notes or Convertible Notes, we will be required to offer to repurchase or repay all (or in the case of events of losses of vessels, an amount up to the amount of proceeds received from such event of loss) of such outstanding debt under such debt agreements at the prices and upon the terms set forth in the applicable agreements. In addition, in connection with certain asset sales, we will be required to offer to repurchase or repay such outstanding debt as set forth in the applicable debt agreements. VDC Note. The Reorganization Plan allowed the Company to maintain all operating assets and agreements. All trade payables, credits, wages and other related obligations were unimpaired by the Reorganization Plan. Debtor-In-Possession. As of December 31, 2015, we were operating our business as debtors in possession in accordance with the applicable provisions of the Bankruptcy Code. The Bankruptcy Court granted all motions filed that were designed primarily to minimize the impact of the Chapter 11 proceedings on our operations, customers and employees. As a result, we are able to conduct normal business activities and pay all associated obligations for the period following our bankruptcy filing and we have paid (subject to caps applicable to payments of certain pre-petition obligations) pre-petition employee wages and benefits and pre-petition amounts owed to certain vendors. Liabilities Subject to Compromise . Our financial statements include amounts classified as Liabilities Subject to Compromise, which represent liabilities that existed prior to the effectiveness of our bankruptcy plans and that were restructured under the Restructuring Agreement. These amounts include amounts related to (i) our former 2017 Term Loan (the “2017 Term Loan”), (ii) our former 2019 Term Loan (the “2019 Term Loan,” and collectively with the 2017 Term Loan, the “Term Loans”), (iii) our former 7.5% Senior Secured First Lien Notes due 2019 (the “7.5% Senior Notes”), (iv) our former 7.125% Senior Secured First Lien Notes due 2023 (the “7.125% Senior Notes”) and (v) our former secured revolving credit agreement (the “Old Credit Agreement”). The following table summarizes the components of Liabilities Subject to Compromise included on our Consolidated Balance Sheet as of December 31, 2015 (in thousands): December 31, 2015 2017 Term Loan and accrued interest $ 326,420 2019 Term Loan and accrued interest 344,738 7.5% Senior Notes and accrued interest 1,136,748 7.125% Senior Notes and accrued interest 736,550 Old Credit Agreement 150,000 Liabilities Subject to Compromise $ 2,694,456 Pursuant to the terms of the Reorganization Plan, the liabilities subject to compromise were retired on February 10, 2016 by issuing the debtholders securities in the reorganized Company, consisting of one New Share and $172.61 worth of the Convertible Notes. The New Shares and the Convertible Notes are issued subject to the terms of an agreement that prohibits the New Shares and Convertible Notes from being transferred or exchanged separately. For every $1,000 of principal, a note holder received 1.722798 New Shares and $297.37 worth of Convertible Notes for the 2017 Term Loan, 1.725087 New Shares and $297.77 worth of Convertible Notes for the 2019 Term Loan, 1.786070 New Shares and $308.29 worth of Convertible Notes for the 7.5% Senior Notes, and 1.728569 New Shares and $298.37 worth of Convertible Notes for the 7.125% Senior Notes. In total, the debtholders received 4,344,959 New Shares under the Reorganization Plan. Reorganization Expenses. We incurred significant expenses and costs associated with our bankruptcy proceedings, principally debt issuance costs and professional fees. The amount of these costs, which are being expensed as incurred, could significantly affect our results of operations. A non-cash charge to write-off all of the unamortized debt issuance costs and associated debt discounts related to the Term Loans, the 7.5% Senior Notes and the 7.125% Senior Notes is included in Reorganization Items as these debt instruments are adjusted to their allowed claim amounts. The following table summarizes the components included in Reorganization items in our Consolidated Statements of Operations for the year ended December 31, 2015 (in thousands): December 31, 2015 Professional fees incurred (a) $ 2,225 Write-off of debt discount and debt issuance costs on Term Loans (b) 14,498 Write-off of debt issuance costs on 7.5% Senior Notes and 7.125% Senior Notes (b) 21,517 Write-off of debt issuance costs on Old Credit Agreement (b) 1,114 Reorganization Items $ 39,354 (a) For the year ended December 31, 2015, cash payments for reorganization items totaled $0.0 million. (b) The carrying value of debt that is subject to compromise was adjusted to include the related unamortized debt discount and debt issuance costs; the debt is adjusted to the expected amount of allowed claims. Condensed Combined Debtor-In-Possession Financial Information. When one or more entities in the consolidated group are in bankruptcy and one or more entities in the consolidated group are not in bankruptcy, the reporting entity is required to disclose the condensed combined financial statements of only the entities in bankruptcy. The financial statements below represent the condensed combined financial statements of the entities that filed the Reorganization Plan (the “VDI Debtors”). Intercompany transactions between the VDI Debtors have been eliminated in the financial statements herein. Debtors' Condensed Combined Balance Sheet (in thousands) As of December 31, 2015 2014 Cash and cash equivalents $ 198,594 $ 62,902 Other current assets 150,611 236,113 Total current assets 349,205 299,015 Property and equipment, net 2,888,463 2,993,225 Other assets 15,104 66,543 Total assets $ 3,252,772 $ 3,358,783 Accounts payable and accrued liabilities $ 59,986 $ 264,837 Intercompany payable to non-filing entities 3,331 13,027 Current maturities of long-term debt — 53,500 Note payable to VDC 61,477 — Total current liabilities 124,794 331,364 Long-term debt — 2,497,103 Other long term liabilities 24,169 76,720 Liabilities subject to compromise 2,694,456 — VDI shareholder's equity 394,116 442,886 Noncontrolling interests 15,237 10,710 Total equity 409,353 453,596 Total liabilities and shareholder's equity $ 3,252,772 $ 3,358,783 Debtors' Condensed Combined Statements of Operations (in thousands) Year Ended December 31, 2015 2014 Revenues $ 755,568 $ 852,872 Operating costs and expenses 502,963 543,249 Income from operations 252,605 309,623 Interest expense (173,634 ) (196,160 ) Other, net 14,531 3,962 Reorganization items (39,354 ) — Income before income taxes 54,148 117,425 Income tax provision 36,356 38,336 Net income 17,792 79,089 Net income attributable to noncontrolling interests 5,085 304 Net income attributable to VDI $ 12,707 $ 78,785 Debtors' Condensed Combined Statement of Cash Flows (in thousands) Year Ended December 31, 2015 2014 Cash flows from operating activities Net cash provided by operating activities $ 65,495 $ 217,023 Cash flows from investing activities Additions to property and equipment (11,325 ) (18,521 ) Net cash used in investing activities (11,325 ) (18,521 ) Cash flows from financing activities Repayment of debt (67,980 ) (167,562 ) Distributions to VDC (498 ) (995 ) Proceeds from (repayment of) revolving credit facility 150,000 (10,000 ) Net cash provided by (used in) financing activities 81,522 (178,557 ) Net increase in cash and cash equivalents 135,692 19,945 Cash and cash equivalents—beginning of period 62,902 42,957 Cash and cash equivalents—end of period $ 198,594 $ 62,902 Other Events: In July 2015, we became aware of media reports that Hamylton Padilha, the Brazilian agent the Company used in the contracting of the Titanium Explorer drillship to Petroleo Brasileiro S.A. (“Petrobras”), had entered into a plea arrangement with the Brazilian authorities in connection with his role in facilitating the payment of bribes to former Petrobras executives. Among other things, Mr. Padilha provided information to the Brazilian authorities of an alleged bribery scheme between former Petrobras executives and Mr. Su who was, at the time of the alleged bribery scheme, a member of the Board of Directors and a significant shareholder of our predecessor company, Vantage Drilling Company. When we learned of Mr. Padilha’s plea agreement and the allegations, we voluntarily contacted the U.S. Department of Justice (“DOJ”) and the U.S. Securities and Exchange Commission (“SEC”) to advise them of these recent developments, as well as the fact that we had engaged outside counsel to conduct an internal investigation of the allegations. Our internal investigation is ongoing and we are cooperating with the DOJ and SEC in their investigation of these allegations. Although we cannot predict the outcome of this matter, if the DOJ and/or the SEC determine that violations of the U.S. Foreign Corrupt Practices Act (“FCPA”) have occurred, the Company could be subject to civil and criminal sanctions, including monetary penalties, as well as additional requirements and/or changes to our business practices and compliance programs, any or all of which could have a material adverse effect on our business and financial condition. Additionally, if we become subject to any judgment, decree, order, governmental penalty or fine, this may constitute an event of default under the terms of our secured debt agreements and result in our outstanding debt becoming immediately due and payable. On August 31, 2015, VDC received notice from Petrobras America, Inc. (“PAI”) and Petrobras Venezuela Investments & Services B.V. (“PVIS”) stating that PAI and PVIS were terminating the Agreement for the Provision of Drilling Services dated February 4, 2009 (the “Drilling Contract”). The Drilling Contract was initially entered into between PVIS and Vantage Deepwater Company, one of our wholly-owned indirect subsidiaries, and was later novated by PVIS to PAI and by Vantage Deepwater Company to Vantage Deepwater Drilling, Inc., another of our wholly-owned indirect subsidiaries. The notice stated that PAI and PVIS were terminating the Drilling Contract because Vantage had allegedly breached its obligations under the agreement. Under the terms of the Drilling Contract we initiated arbitration proceedings before the American Arbitration Association on August 31, 2015, challenging PVIS and PAI’s wrongful attempt to terminate the Drilling Contract. Vantage has maintained that it complied with all of its obligations under the Drilling Contract and that PVIS and PAI’s attempt to terminate the agreement is both improper and a breach of the Drilling Contract. In the ongoing arbitration proceeding, the parties have exchanged initial pleadings and have confirmed an arbitral tribunal. Vantage has asserted claims against PAI and PVIS for declaratory relief and monetary damages based on breach of contract. Vantage has also asserted a claim against Petroleo Brasileiro S.A. (“PBP”) to enforce a guaranty provided by PBP. The Petrobras entities (PVIS, PAI, and PBP) have asserted that the Drilling Contract is void as illegally procured, that PVIS and PBP are not proper parties to the arbitration, and that PAI and PVIS properly terminated the contract. PAI has further counterclaimed for attorneys’ fees and costs alleging that Vantage failed to negotiate in good faith before commencing arbitration proceedings. Vantage denies that any of the claims or defenses asserted by the Petrobras entities have merit and intends to vigorously pursue its claims in the arbitration proceeding. In connection with the cancellation of the contract, we recognized $21.5 million of deferred mobilization revenue in September 2015. Market conditions for offshore drilling services are driven by the exploration and production spending of our customers. Due to the significant decline in oil and natural gas prices over the last year, our customers have been dramatically reducing their capital spending levels. This has resulted in a significant decline in the current market rates for drilling services and a decline in the utilization of offshore drilling rigs. We amended the Tungsten Explorer Platinum Explorer Emerald Driller, Platinum Explorer Titanium Titanium Explorer

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies	2. Basis of Presentation and Significant Accounting Policies Basis of Consolidation: The accompanying consolidated financial information as of December 31, 2015 and 2014 and for the two years ended December 31, 2015 has been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) and include our accounts and those of our majority owned subsidiaries. All significant intercompany transactions and accounts have been eliminated. Certain previously reported amounts have been reclassified to conform to the current year presentation. In addition to the consolidation of our majority owned subsidiaries, we also consolidate variable interest entities (“VIEs”) when we are determined to Year Ended December 31, 2015 2014 (In thousands) Revenue $ 21,791 $ 24,798 Operating costs and expenses 19,850 22,392 Income before taxes 2,206 2,688 Income tax provision (benefit) (2,830 ) 2,431 Net income attributableto noncontrolling interests 5,036 257 Bankruptcy Accounting Guidance: In connection with our bankruptcy filing on December 3, 2015, VDI was subject to the requirements of ASC 852. ASC 852 generally does not change the manner in which financial statements are prepared, however it does require that the financial statements distinguish transactions and events that are directly associated with the reorganization from the ongoing operations of the business. Revenues, expenses, realized gains and losses and provisions for losses that can be directly associated with the reorganization of the business must be reported separately as reorganization items in the consolidated statements of operations. We are required to distinguish pre-petition liabilities subject to compromise from those that are not and post-petition liabilities in our balance sheet. Liabilities that may be affected by the plan of reorganization must be reported at the amounts expected to be allowed by the Bankruptcy Court, even if they may be settled for lesser amounts as a result of the plan of reorganization. In connection with the emergence from bankruptcy, we believe we will qualify for fresh-start accounting. Upon adoption of fresh-start accounting, our assets and liabilities will be recorded at their fair value as of the fresh-start reporting date or emergence date. The fair values of our assets and liabilities as of that date may differ materially from the recorded values of our assets and liabilities as reflected in its historical consolidated financial statements. In addition, the adoption of fresh-start accounting may materially affect the results of operations following the fresh-start reporting dates, as we will have a new basis in our assets and liabilities. Consequently, our historical financial statements are not reliable indicators of our financial condition and results of operations for any period after we adopt fresh-start accounting. Cash and Cash Equivalents: Includes deposits with financial institutions as well as short-term money market instruments with maturities of three months or less when purchased. Inventory: Consists of materials, spare parts, consumables and related supplies for our drilling rigs and is carried at the lower of average cost or market. Property and Equipment: Consists of our drilling rigs, furniture and fixtures, computer equipment and capitalized costs for computer software. Drilling rigs are depreciated on a component basis over estimated useful lives ranging from five to thirty-five years on a straight-line basis as of the date placed in service. Other assets are depreciated upon placement in service over estimated useful lives ranging from three to seven years on a straight-line basis. When assets are sold, retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts and a gain or loss is recognized. Interest costs and the amortization of debt financing costs related to the financings of our drilling rigs are capitalized as part of the cost while they are under construction and prior to the commencement of each vessel’s first contract. We did not capitalize any interest for the years ended December 31, 2015 and 2014. We evaluate the realization of property and equipment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. An impairment loss on our property and equipment exists when estimated undiscounted cash flows expected to result from the use of the asset and its eventual disposition are less than its carrying amount. Any impairment loss recognized would represent the excess of the asset’s carrying value over the estimated fair value. The rapid and significant decline in oil prices, coupled with steep capital budget cuts by exploration and production companies and the significant number of newbuild ultra-deepwater floaters and jackups deliveries scheduled for 2016 and 2017, required us to undertake an analysis of recoverability of the carrying value of our drilling rigs as of December 31, 2015 and 2014. The results of the analysis indicated that the estimated undiscounted future cash flows exceeded the carrying values of our drilling rigs. Debt Financing Costs: Costs incurred with debt financings are deferred and amortized over the term of the related financing facility on a straight line basis which approximates the interest method. As we make open market purchases to retire debt or discretionary debt payments, we recognize as an expense a proportionate amount of the related deferred financing costs. The $31.4 million of deferred financing costs associated with debt that is subject to compromise was written-off as reorganization items in the accompanying consolidated statement of operations. Revenue: Revenue is recognized as services are performed based on contracted dayrates and the number of operating days during the period. In connection with a customer contract, we may receive lump-sum fees for the mobilization of equipment and personnel or the demobilization of equipment and personnel upon completion. Mobilization fees received and costs incurred to mobilize a rig from one geographic market to another are deferred and recognized on a straight-line basis over the term of such contract, excluding any option periods. Costs incurred to mobilize a rig without a contract are expensed as incurred. Fees or lump-sum payments received for capital improvements to rigs are deferred and amortized to income over the term of the related drilling contract. The costs of such capital improvements are capitalized and depreciated over the useful lives of the assets. Upon completion of drilling contracts, any demobilization fees received are recorded as revenue. We record reimbursements from customers for rebillable costs and expenses as revenue and the related direct costs as operating expenses. Rig and Equipment Certifications: We are required to obtain regulatory certifications to operate our drilling rigs and certain specified equipment and must maintain such certifications through periodic inspections and surveys. The costs associated with these certifications, including drydock costs, are deferred and amortized over the corresponding certification periods. Income Taxes: Income taxes are provided for based upon the tax laws and rates in effect in the countries in which operations are conducted and income is earned. Deferred income tax assets and liabilities are computed for differences between the financial statement basis and tax basis of assets and liabilities that will result in future taxable or deductible amounts and are based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred income tax assets to the amount expected to be realized. We recognize interest and penalties related to income taxes as a component of income tax expense. Concentrations of Credit Risk: Financial instruments that potentially subject us to a significant concentration of credit risk consist primarily of cash and cash equivalents, restricted cash and accounts receivable. We maintain deposits in federally insured financial institutions in excess of federally insured limits. We monitor the credit ratings and our concentration of risk with these financial institutions on a continuing basis to safeguard our cash deposits. Some of our restricted cash is invested in certificates of deposits. We have a limited number of key customers, who are primarily large international oil and gas operators, national oil companies and other international oil and gas companies. Our contracts provide for monthly billings as services are performed and we monitor compliance with contract payment terms on an ongoing basis. Outstanding receivables beyond payment terms are promptly investigated and discussed with the specific customer. We do not have an allowance for doubtful accounts on our trade receivables as of December 31, 2015 and 2014. Use of Estimates: The preparation of financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Fair Value of Financial Instruments: The fair value of our short-term financial assets and liabilities approximates the carrying amounts represented in the balance sheets principally due to the short-term or floating rate nature of these instruments. At December 31, 2015, the fair value of the 7.125% Senior Notes and the 7.5% Senior Notes discussed below under “ ” was approximately $15.7 million and $23.5 million, respectively, based on quoted market prices, a Level 1 measurement. These notes are classified as Liabilities Subject to Compromise as of December 31, 2015. Recent Accounting Standards: In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update ("ASU") No. 2014-09, . The ASU supersedes most of the existing revenue recognition requirements in U.S. GAAP, including industry-specific guidance. The ASU is based on the principle that revenue is recognized when an entity transfers promised goods and services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The new standard also requires significant additional disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. T he ASU is effective for annual reporting periods beginning after December 15, 2017, and interim periods within those years, using either a full or a modified retrospective application approach. We are beginning the process of evaluating the impact that the pronouncement will have on our consolidated financial statements and related disclosures. In August 2014, the FASB issued ASU No. 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern In April 2015, the FASB issued ASU No. 2015-03, Interest-Imputation of Interest (Subtopic 835-30), Simplifying the Presentation of Debt Issuance Costs. In July 2015, the FASB issued ASU 2015-11, Inventory (Topic 330), Simplifying the Measurement of Inventory. In November 2015, the FASB issued ASU 2015-17, Income Taxes (Topic 740), Balance Sheet Classification of Deferred Taxes, In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842): Amendments to the FASB Accounting Standards Codification,

Debt

Debt	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Debt	3. Debt Bankruptcy Filing Our bankruptcy filing on December 3, 2015 constituted an event of default with respect to our pre-bankruptcy debt obligations and as a result of the filing, our pre-petition long-term debt and related accrued interest is included in Liabilities Subject to Compromise in the consolidated balance sheet as of December 31, 2015. See above under “Note 1. Organization and Recent Events” Contractual interest expense represents amounts due under the contractual terms of outstanding debt, including debt subject to compromise. For the year ended December 31, 2015, contractual interest expense of $14.9 million related to liabilities subject to compromise has not been recorded. Our pre-bankruptcy debt was composed of the following: December 31, 2015 2014 (In thousands) 7.5% Senior Notes, issued at par (1) $ — $ 1,118,615 7.125% Senior Notes, issued at par (1) — 727,622 $500 million 2017 Term Loan, net of discount of $0 and $4,406 (1) — 364,159 $350 million 2019 Term Loan, net of discount of $0 and $3,668 (1) — 340,207 Revolving credit agreement (1) — — — 2,550,603 Less current maturities of long-term debt and revolving credit facility — 53,500 Long-term debt, net $ — $ 2,497,103 (1) Classified as Liabilities Subject to Compromise as of December 31, 2015. In connection with our emergence from bankruptcy proceedings on February 10, 2016, our pre-bankruptcy debt was discharged under the Reorganization Plan. See above under “Note 1. Organization and Recent Events” Prior to entering into the Reorganization Plan, we made additional principal payments and numerous open market purchases of our outstanding pre-bankruptcy debt. The following table summarizes our yearly debt payments, both scheduled and discretionary, for the years ended December 31, 2015 and 2014 (in thousands). Year Ended December 31, 2015 2014 7.125% Senior Notes (1) $ — $ 47,378 7.5% Senior Notes (1) 31,800 31,385 2017 Term Loan (2) 7,522 44,000 Scheduled maturities payments (3) 40,125 63,500 Total $ 79,447 $ 186,263 (1) Discretionary open market debt repurchases. (2) Includes a (3) In connection with the repurchase of $31.8 million of the 7.5% Senior Notes and $7.5 million of the 2017 Term Loan during 2015 (see table above), we recognized net gains of $9.3 million and $1.6 million, respectively, related to the redemption discount on the debt that was partially offset by the write-off of deferred financing costs and original issuance discount on the debt. In connection with the repurchases of $31.4 million of the 7.5% Senior Notes and the repurchases and additional principal payment of $44.0 million of the 2017 Term Loan during 2014 (see table above), we recognized a gain of $3.6 million and a loss of $1.1 million, respectively, related to the redemption discount on the debt that was partially offset by the write-off of deferred financing costs and original issuance discount on the debt. In connection with the repurchases of $47.4 million of the 7.125% Senior Notes during 2014 (see table above), we recognized a gain of $1.9 million related to the redemption discount on the debt that was partially offset by the write-off of deferred financing costs on the debt.

Shareholder's Equity

Shareholder's Equity	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Shareholder's Equity	4. Shareholder’s Equity We have 50,000,000 authorized ordinary shares, par value $0.001 per share. As of December 31, 2015, 1,000 ordinary shares were issued and outstanding. As of December 31, 2015, the Company was a 100% owned subsidiary of VDC and did not have any equity incentive plans of its own. VDC had the 2007 Long-Term Incentive Plan (the “LTIP”) under which time-vested and performance units were awarded to officers and employees of the Company and related share compensation expense was recognized. Outstanding share awards at December 31, 2015 will not vest in the future under the LTIP due to VDC’s liquidation filing in the Cayman Islands. We recognized share compensation expense allocated from VDC of $5.8 million and $7.9 million for the years ended December 31, 2015 and December 31, 2014, respectively.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	5. Income Taxes We are a Cayman Islands entity. The Cayman Islands does not impose corporate income taxes. We do not have any domestic earnings; all of our earnings are foreign. Consequently, we have calculated income taxes based on the laws and tax rates in effect in the countries in which operations are conducted, or in which we and our subsidiaries are considered resident for income tax purposes. We operate in multiple countries under different legal forms. As a result, we are subject to the jurisdiction of numerous domestic and foreign tax authorities, as well as to tax agreements and treaties among these governments. Tax rates vary between jurisdictions, as does the tax base to which the rates are applied. Taxes may be levied based on net profit before taxes or gross revenues or withholding taxes on revenue. Determination of taxable income in any jurisdiction requires the interpretation of the related tax laws and regulations and the use of estimates and assumptions regarding significant future events, such as the amount, timing and character of deductions, permissible revenue recognition methods under the tax law and the sources and character of income and tax credits. Our income tax expense may vary substantially from one period to another as a result of changes in tax laws, regulations, agreements and treaties, foreign currency exchange restrictions, rig movements or our level of operations or profitability in each tax jurisdiction. Furthermore, our income taxes are generally dependent upon the results of our operations and when we generate significant revenues in jurisdictions where the income tax liability is based on gross revenues or asset values, there is no correlation to the operating results and the income tax expense. Furthermore, in some jurisdictions we do not pay taxes or receive benefits for certain income and expense items, including interest expense, loss on extinguishment of debt and write-off of development costs. The income tax expense (benefit), all of which relates to foreign income taxes, consisted of the following: Year Ended December 31, 2015 2014 (in thousands) Current $ 37,748 $ 40,122 Deferred 2,122 (305 ) Total $ 39,870 $ 39,817 A reconciliation of statutory and effective income tax rates is shown below: Year Ended December 31, 2015 2014 Statutory rate 0.0 % 0.0 % Effect of: Taxes on foreign earnings 69.4 30.1 Settlement of prior years’ tax audits (7.7 ) (0.0 ) Other 2.5 0.1 Total 64.2 % 30.0 % Deferred income tax assets and liabilities are recorded for the expected future tax consequences of events that have been recognized in our financial statements or tax returns. We provide for deferred taxes on temporary differences between the financial statements and tax bases of assets and liabilities using the enacted tax rates which are expected to apply to taxable income when the temporary differences are expected to reverse. Deferred tax assets are also provided for certain tax credit carryforwards. A valuation allowance is established to reduce deferred tax assets when it is more likely than not that some portion or all of the deferred tax asset will not be realized. The increase to the valuation allowance during the year, which is included in the taxes on foreign earnings rate in the above table, is related to net loss carry forwards generated during the year where we believe it is more likely than not that substantially all of the deferred tax asset will not be realized. The components of the net deferred tax assets and liabilities were as follows: December 31, 2015 2014 (In thousands) Deferred tax assets: Share-based compensation $ — $ 1,052 Accrued bonuses 171 1,165 Start-up costs 123 141 Deferred revenue — — Loss carry-forwards 7,161 363 Other 90 6 Total deferred tax assets 7,545 2,727 Valuation allowance (7,161 ) (341 ) Net deferred tax assets 384 2,386 Deferred tax liabilities: Property and equipment (2,868 ) (2,749 ) Total deferred tax liabilities (2,868 ) (2,749 ) Net deferred tax liability $ (2,484 ) $ (363 ) We do not expect changes to tax bases or effects on our loss carry-forwards as a result from our emergence from bankruptcy on February 10, 2016. At December 31, 2015, we had foreign tax loss carry forwards of approximately $23.0 million which will begin to expire in 2016. We include as a component of our income tax provision potential interest and penalties related to recognized tax contingencies within our global operations. Interest and penalties expense of $0.1 million is included in 2015 income tax expense and interest and penalties of $1.2 million are accrued as of December 31, 2015. A reconciliation of our unrecognized tax benefits amount is as follows (in thousands): Gross balance at January 1, 2015 $ 2,214 Additions based on tax positions related to the current year — Additions for tax positions of prior years 88 Reductions for tax positions of prior years — Expiration of statutes (40 ) Tax settlements — Gross balance at December 31, 2015 2,262 Related tax benefits — Net balance at December 31, 2015 $ 2,262 In certain jurisdictions we are taxed under preferential tax regimes, which may require our compliance with specified requirements to sustain the tax benefits. We believe we are in compliance with the specified requirements and will continue to make all reasonable efforts to comply; however, our ability to meet the requirements of the preferential tax regimes may be affected by changes in laws, our business operations and other factors affecting our company and industry, many of which are beyond our control. Our periodic tax returns are subject to examination by taxing authorities in the jurisdictions in which we operate in accordance with the normal statute of limitations in the applicable jurisdiction. These examinations may result in assessments of additional taxes that are resolved with the authorities or through the courts. Resolution of these matters involves uncertainties and there are no assurances as to the outcome. Our tax years 2008 and forward remain open to examination in many of our jurisdictions and we are currently involved in several tax examinations in jurisdictions where we are operating or have previously operated. As information becomes available during the course of these examinations, we may increase or decrease our estimates of tax assessments and accruals.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2015
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	6. Commitments and Contingencies We are subject to litigation, claims and disputes in the ordinary course of business, some of which may not be covered by insurance. There is an inherent risk in any litigation or dispute and no assurance can be given as to the outcome of any claims. In July 2015, we became aware of media reports that Hamylton Padilha, the Brazilian agent the Company used in the contracting of the Titanium Explorer We enter into operating leases in the normal course of business for office space, housing, vehicles and specified operating equipment. Some of these leases contain renewal options which would cause our future cash payments to change if we exercised those renewal options. As of December 31, 2015, we were obligated under leases, with varying expiration dates, for office space, housing, vehicles and specified operating equipment. Future minimum annual rentals under these operating leases having initial or remaining terms in excess of one year are $3.7 million, $1.8 million, $1.5 million, $1.2 million and $1.1 million for each of the years ending December 31, 2016, 2017, 2018, 2019 and 2020, respectively, and $3.1 million in the aggregate for the years 2021 and thereafter. Rental expenses for the two years ended December 31, 2015 and 2014 were approximately $14.6 million and $15.2 million, respectively. At December 31, 2015, we had purchase commitments of $15.7 million. Our purchase commitments consist of obligations outstanding to external vendors primarily related to materials, spare parts, consumables and related supplies for our drilling rigs.

Supplemental Financial Informat

Supplemental Financial Information	12 Months Ended
	Dec. 31, 2015
Balance Sheet Related Disclosures [Abstract]
Supplemental Financial Information	7. Supplemental Financial Information Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following: December 31, 2015 2014 (In thousands) Prepaid insurance $ 1,394 $ 12,000 Sales tax receivable 8,203 7,846 Income tax receivable 5,398 278 Current deferred tax asset 298 2,126 Other receivables 734 1,468 Other 6,377 4,301 $ 22,404 $ 28,019 Property and Equipment, net Property and equipment, net consisted of the following: December 31, 2015 2014 (In thousands) Drilling equipment $ 3,425,738 $ 3,391,024 Assets under construction 23,421 27,905 Office and technology equipment 29,405 18,333 Leasehold improvements 2,442 1,980 3,481,006 3,439,242 Accumulated depreciation (532,619 ) (406,674 ) Property and equipment, net $ 2,948,387 $ 3,032,568 Other Assets Other assets consisted of the following: December 31, 2015 2014 (In thousands) Deferred financing costs, net $ — $ 39,750 Performance bond collateral 3,197 6,600 Deferred certification costs 10,050 7,767 Deferred mobilization costs 8,454 15,715 Deferred income taxes 6 29 Deposits 1,197 1,365 $ 22,904 $ 71,226 Accrued Liabilities Accrued liabilities consisted of the following: December 31, 2015 2014 (In thousands) Interest $ 1,125 $ 27,054 Compensation 8,360 21,012 Income taxes payable 8,901 18,268 Other 3,316 6,861 $ 21,702 $ 73,195 Other Long-Term Liabilities Other long-term liabilities consisted of the following: December 31, 2015 2014 (In thousands) Deferred revenue $ 20,247 $ 72,158 Deferred income taxes 2,787 2,517 Other non-current liabilities 10,215 10,568 $ 33,249 $ 85,243 Transactions with Related Parties The Company's Consolidated Statement of Operations included the following transactions with related parties for the periods indicated: Year Ended December 31, 2015 2014 (In thousands) Reimbursable revenues $ 6,212 $ 9,428 Interest income 27 27 Interest expense (489 ) — $ 5,750 $ 9,455 The following table summarizes the balances payable to related parties included in the Company's Consolidated Balance Sheet as of the periods indicated: December 31, 2015 2014 (In thousands) Accounts payable to related parties, net $ 17,340 $ 156,662 VDC Note 61,477 — Accrued liabilities 489 — $ 79,306 $ 156,662

Business Segment Information

Business Segment Information	12 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Business Segment Information	8. Business Segment Information We aggregate our contract drilling operations into one reportable segment even though we provide contract drilling services with different types of rigs, including jackup rigs and drillships, and in different geographic regions. Our operations are dependent on the global oil and gas industry and our rigs are relocated based on demand for our services and customer requirements. Our customers consist primarily of large international oil and gas companies, national or government-controlled oil and gas companies and other international exploration and production companies. We also provide construction supervision services for drilling units owned by others. In September 2013, we signed an agreement to supervise and manage the construction of two ultra-deepwater drillships for a third party. We will receive management fees and reimbursable costs during the construction phase of the two drillships, subject to a maximum amount for each drillship. This business represented approximately 1% and 1.6% of our total revenue for the years ended December 31, 2015 and 2014, respectively. For the years ended December 31, 2015 and 2014, the majority of our revenue was from countries outside of the United States. Consequently, we are exposed to the risk of changes in economic, political and social conditions inherent in foreign operations. Three customers accounted for approximately 32%, 25% and 20% of consolidated revenue for the year ended December 31, 2015. Four customers accounted for approximately 24%, 18%, 17% and 14% of consolidated revenue for the year ended December 31, 2014. Our revenues by country were as follows: Years Ended December 31, 2015 2014 (In thousands) Congo $ 247,415 $ — India 189,973 207,309 U.S. 128,157 — Gabon — 207,419 Malaysia — 165,004 Other countries (a) 206,720 303,172 Total revenues $ 772,265 $ 882,904 (a) Other countries represent countries in which we operate that individually had operating revenues representing less than 10 percent of total revenues earned. Our property and equipment, net by country were as follows: December 31, 2015 2014 (In thousands) Congo $ 582,590 $ 607,180 India 718,966 746,398 U.S. — 717,325 South Africa 851,099 — Other (a) 795,732 961,665 Total property and equipment $ 2,948,387 $ 3,032,568 (a) Other countries represent countries in which we operate that individually had property equipment, net representing less than 10 percent of total property and equipment. A substantial portion of our assets are mobile drilling units. Asset locations at the end of the period are not necessarily indicative of the geographic distribution of the revenues generated by such assets during the periods.

Basis of Presentation and Sig16

Basis of Presentation and Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Basis of Consolidation	Basis of Consolidation: The accompanying consolidated financial information as of December 31, 2015 and 2014 and for the two years ended December 31, 2015 has been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) and include our accounts and those of our majority owned subsidiaries. All significant intercompany transactions and accounts have been eliminated. Certain previously reported amounts have been reclassified to conform to the current year presentation. In addition to the consolidation of our majority owned subsidiaries, we also consolidate variable interest entities (“VIEs”) when we are determined to Year Ended December 31, 2015 2014 (In thousands) Revenue $ 21,791 $ 24,798 Operating costs and expenses 19,850 22,392 Income before taxes 2,206 2,688 Income tax provision (benefit) (2,830 ) 2,431 Net income attributableto noncontrolling interests 5,036 257
Bankruptcy Accounting Guidance	Bankruptcy Accounting Guidance : In connection with our bankruptcy filing on December 3, 2015, VDI was subject to the requirements of ASC 852. ASC 852 generally does not change the manner in which financial statements are prepared, however it does require that the financial statements distinguish transactions and events that are directly associated with the reorganization from the ongoing operations of the business. Revenues, expenses, realized gains and losses and provisions for losses that can be directly associated with the reorganization of the business must be reported separately as reorganization items in the consolidated statements of operations. We are required to distinguish pre-petition liabilities subject to compromise from those that are not and post-petition liabilities in our balance sheet. Liabilities that may be affected by the plan of reorganization must be reported at the amounts expected to be allowed by the Bankruptcy Court, even if they may be settled for lesser amounts as a result of the plan of reorganization. In connection with the emergence from bankruptcy, we believe we will qualify for fresh-start accounting. Upon adoption of fresh-start accounting, our assets and liabilities will be recorded at their fair value as of the fresh-start reporting date or emergence date. The fair values of our assets and liabilities as of that date may differ materially from the recorded values of our assets and liabilities as reflected in its historical consolidated financial statements. In addition, the adoption of fresh-start accounting may materially affect the results of operations following the fresh-start reporting dates, as we will have a new basis in our assets and liabilities. Consequently, our historical financial statements are not reliable indicators of our financial condition and results of operations for any period after we adopt fresh-start accounting.
Cash and Cash Equivalents	Cash and Cash Equivalents: Includes deposits with financial institutions as well as short-term money market instruments with maturities of three months or less when purchased.
Inventory	Inventory: Consists of materials, spare parts, consumables and related supplies for our drilling rigs and is carried at the lower of average cost or market.
Property and Equipment	Property and Equipment: Consists of our drilling rigs, furniture and fixtures, computer equipment and capitalized costs for computer software. Drilling rigs are depreciated on a component basis over estimated useful lives ranging from five to thirty-five years on a straight-line basis as of the date placed in service. Other assets are depreciated upon placement in service over estimated useful lives ranging from three to seven years on a straight-line basis. When assets are sold, retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts and a gain or loss is recognized. Interest costs and the amortization of debt financing costs related to the financings of our drilling rigs are capitalized as part of the cost while they are under construction and prior to the commencement of each vessel’s first contract. We did not capitalize any interest for the years ended December 31, 2015 and 2014. We evaluate the realization of property and equipment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. An impairment loss on our property and equipment exists when estimated undiscounted cash flows expected to result from the use of the asset and its eventual disposition are less than its carrying amount. Any impairment loss recognized would represent the excess of the asset’s carrying value over the estimated fair value. The rapid and significant decline in oil prices, coupled with steep capital budget cuts by exploration and production companies and the significant number of newbuild ultra-deepwater floaters and jackups deliveries scheduled for 2016 and 2017, required us to undertake an analysis of recoverability of the carrying value of our drilling rigs as of December 31, 2015 and 2014. The results of the analysis indicated that the estimated undiscounted future cash flows exceeded the carrying values of our drilling rigs.
Debt Financing Costs	Debt Financing Costs: Costs incurred with debt financings are deferred and amortized over the term of the related financing facility on a straight line basis which approximates the interest method. As we make open market purchases to retire debt or discretionary debt payments, we recognize as an expense a proportionate amount of the related deferred financing costs. The $ 31.4 million of deferred financing costs associated with debt that is subject to compromise was written-off as reorganization items in the accompanying consolidated statement of operations.
Revenue	Revenue: Revenue is recognized as services are performed based on contracted dayrates and the number of operating days during the period. In connection with a customer contract, we may receive lump-sum fees for the mobilization of equipment and personnel or the demobilization of equipment and personnel upon completion. Mobilization fees received and costs incurred to mobilize a rig from one geographic market to another are deferred and recognized on a straight-line basis over the term of such contract, excluding any option periods. Costs incurred to mobilize a rig without a contract are expensed as incurred. Fees or lump-sum payments received for capital improvements to rigs are deferred and amortized to income over the term of the related drilling contract. The costs of such capital improvements are capitalized and depreciated over the useful lives of the assets. Upon completion of drilling contracts, any demobilization fees received are recorded as revenue. We record reimbursements from customers for rebillable costs and expenses as revenue and the related direct costs as operating expenses.
Rig and Equipment Certifications	Rig and Equipment Certifications: We are required to obtain regulatory certifications to operate our drilling rigs and certain specified equipment and must maintain such certifications through periodic inspections and surveys. The costs associated with these certifications, including drydock costs, are deferred and amortized over the corresponding certification periods.
Income Taxes	Income Taxes: Income taxes are provided for based upon the tax laws and rates in effect in the countries in which operations are conducted and income is earned. Deferred income tax assets and liabilities are computed for differences between the financial statement basis and tax basis of assets and liabilities that will result in future taxable or deductible amounts and are based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred income tax assets to the amount expected to be realized. We recognize interest and penalties related to income taxes as a component of income tax expense.
Concentrations of Credit Risk	Concentrations of Credit Risk: Financial instruments that potentially subject us to a significant concentration of credit risk consist primarily of cash and cash equivalents, restricted cash and accounts receivable. We maintain deposits in federally insured financial institutions in excess of federally insured limits. We monitor the credit ratings and our concentration of risk with these financial institutions on a continuing basis to safeguard our cash deposits. Some of our restricted cash is invested in certificates of deposits. We have a limited number of key customers, who are primarily large international oil and gas operators, national oil companies and other international oil and gas companies. Our contracts provide for monthly billings as services are performed and we monitor compliance with contract payment terms on an ongoing basis. Outstanding receivables beyond payment terms are promptly investigated and discussed with the specific customer. We do not have an allowance for doubtful accounts on our trade receivables as of December 31, 2015 and 2014.
Use of Estimates	Use of Estimates: The preparation of financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Fair Value of Financial Instruments	Fair Value of Financial Instruments: The fair value of our short-term financial assets and liabilities approximates the carrying amounts represented in the balance sheets principally due to the short-term or floating rate nature of these instruments. At December 31, 2015, the fair value of the 7.125% Senior Notes and the 7.5% Senior Notes discussed below under “ ” was approximately $15.7 million and $23.5 million, respectively, based on quoted market prices, a Level 1 measurement. These notes are classified as Liabilities Subject to Compromise as of December 31, 2015.
Recent Accounting Standards	Recent Accounting Standards: In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update ("ASU") No. 2014-09, . The ASU supersedes most of the existing revenue recognition requirements in U.S. GAAP, including industry-specific guidance. The ASU is based on the principle that revenue is recognized when an entity transfers promised goods and services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The new standard also requires significant additional disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. T he ASU is effective for annual reporting periods beginning after December 15, 2017, and interim periods within those years, using either a full or a modified retrospective application approach. We are beginning the process of evaluating the impact that the pronouncement will have on our consolidated financial statements and related disclosures. In August 2014, the FASB issued ASU No. 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern In April 2015, the FASB issued ASU No. 2015-03, Interest-Imputation of Interest (Subtopic 835-30), Simplifying the Presentation of Debt Issuance Costs. In July 2015, the FASB issued ASU 2015-11, Inventory (Topic 330), Simplifying the Measurement of Inventory. In November 2015, the FASB issued ASU 2015-17, Income Taxes (Topic 740), Balance Sheet Classification of Deferred Taxes, In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842): Amendments to the FASB Accounting Standards Codification,

Organization and Recent Events

Organization and Recent Events (Tables)	12 Months Ended
	Dec. 31, 2015
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Summary of Liabilities Subject to Compromise	The following table summarizes the components of Liabilities Subject to Compromise included on our Consolidated Balance Sheet as of December 31, 2015 (in thousands): December 31, 2015 2017 Term Loan and accrued interest $ 326,420 2019 Term Loan and accrued interest 344,738 7.5% Senior Notes and accrued interest 1,136,748 7.125% Senior Notes and accrued interest 736,550 Old Credit Agreement 150,000 Liabilities Subject to Compromise $ 2,694,456
Summary of Components of Reorganization Items	The following table summarizes the components included in Reorganization items in our Consolidated Statements of Operations for the year ended December 31, 2015 (in thousands): December 31, 2015 Professional fees incurred (a) $ 2,225 Write-off of debt discount and debt issuance costs on Term Loans (b) 14,498 Write-off of debt issuance costs on 7.5% Senior Notes and 7.125% Senior Notes (b) 21,517 Write-off of debt issuance costs on Old Credit Agreement (b) 1,114 Reorganization Items $ 39,354 (a) For the year ended December 31, 2015, cash payments for reorganization items totaled $0.0 million. (b) The carrying value of debt that is subject to compromise was adjusted to include the related unamortized debt discount and debt issuance costs; the debt is adjusted to the expected amount of allowed claims.
Debtors Condensed Combined Balance Sheet	Debtors' Condensed Combined Balance Sheet (in thousands) As of December 31, 2015 2014 Cash and cash equivalents $ 198,594 $ 62,902 Other current assets 150,611 236,113 Total current assets 349,205 299,015 Property and equipment, net 2,888,463 2,993,225 Other assets 15,104 66,543 Total assets $ 3,252,772 $ 3,358,783 Accounts payable and accrued liabilities $ 59,986 $ 264,837 Intercompany payable to non-filing entities 3,331 13,027 Current maturities of long-term debt — 53,500 Note payable to VDC 61,477 — Total current liabilities 124,794 331,364 Long-term debt — 2,497,103 Other long term liabilities 24,169 76,720 Liabilities subject to compromise 2,694,456 — VDI shareholder's equity 394,116 442,886 Noncontrolling interests 15,237 10,710 Total equity 409,353 453,596 Total liabilities and shareholder's equity $ 3,252,772 $ 3,358,783
Debtors Condensed Combined Statements of Operations	Debtors' Condensed Combined Statements of Operations (in thousands) Year Ended December 31, 2015 2014 Revenues $ 755,568 $ 852,872 Operating costs and expenses 502,963 543,249 Income from operations 252,605 309,623 Interest expense (173,634 ) (196,160 ) Other, net 14,531 3,962 Reorganization items (39,354 ) — Income before income taxes 54,148 117,425 Income tax provision 36,356 38,336 Net income 17,792 79,089 Net income attributable to noncontrolling interests 5,085 304 Net income attributable to VDI $ 12,707 $ 78,785
Debtors Condensed Combined Statement of Cash Flows	Debtors' Condensed Combined Statement of Cash Flows (in thousands) Year Ended December 31, 2015 2014 Cash flows from operating activities Net cash provided by operating activities $ 65,495 $ 217,023 Cash flows from investing activities Additions to property and equipment (11,325 ) (18,521 ) Net cash used in investing activities (11,325 ) (18,521 ) Cash flows from financing activities Repayment of debt (67,980 ) (167,562 ) Distributions to VDC (498 ) (995 ) Proceeds from (repayment of) revolving credit facility 150,000 (10,000 ) Net cash provided by (used in) financing activities 81,522 (178,557 ) Net increase in cash and cash equivalents 135,692 19,945 Cash and cash equivalents—beginning of period 62,902 42,957 Cash and cash equivalents—end of period $ 198,594 $ 62,902

Basis of Presentation and Sig18

Basis of Presentation and Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Summary of Net Effect of Consolidating Entities on Consolidated Statement of Operations	The following table summarizes the net effect of consolidating these entities on our consolidated statement of operations. Year Ended December 31, 2015 2014 (In thousands) Revenue $ 21,791 $ 24,798 Operating costs and expenses 19,850 22,392 Income before taxes 2,206 2,688 Income tax provision (benefit) (2,830 ) 2,431 Net income attributableto noncontrolling interests 5,036 257

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Pre- bankruptcy Long-term Debt	Our pre-bankruptcy debt was composed of the following: December 31, 2015 2014 (In thousands) 7.5% Senior Notes, issued at par (1) $ — $ 1,118,615 7.125% Senior Notes, issued at par (1) — 727,622 $500 million 2017 Term Loan, net of discount of $0 and $4,406 (1) — 364,159 $350 million 2019 Term Loan, net of discount of $0 and $3,668 (1) — 340,207 Revolving credit agreement (1) — — — 2,550,603 Less current maturities of long-term debt and revolving credit facility — 53,500 Long-term debt, net $ — $ 2,497,103 (1) Classified as Liabilities Subject to Compromise as of December 31, 2015.
Summary of Yearly Debt Payments for Both Scheduled and Discretionary	The following table summarizes our yearly debt payments, both scheduled and discretionary, for the years ended December 31, 2015 and 2014 (in thousands). Year Ended December 31, 2015 2014 7.125% Senior Notes (1) $ — $ 47,378 7.5% Senior Notes (1) 31,800 31,385 2017 Term Loan (2) 7,522 44,000 Scheduled maturities payments (3) 40,125 63,500 Total $ 79,447 $ 186,263 (1) Discretionary open market debt repurchases. (2) Includes a (3)

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Income Tax Expense (Benefit) Related to Foreign Income Taxes	The income tax expense (benefit), all of which relates to foreign income taxes, consisted of the following: Year Ended December 31, 2015 2014 (in thousands) Current $ 37,748 $ 40,122 Deferred 2,122 (305 ) Total $ 39,870 $ 39,817
Reconciliation of Statutory and Effective Income Tax Rates	A reconciliation of statutory and effective income tax rates is shown below: Year Ended December 31, 2015 2014 Statutory rate 0.0 % 0.0 % Effect of: Taxes on foreign earnings 69.4 30.1 Settlement of prior years’ tax audits (7.7 ) (0.0 ) Other 2.5 0.1 Total 64.2 % 30.0 %
Components of Net Deferred Tax Assets and Liabilities	The components of the net deferred tax assets and liabilities were as follows: December 31, 2015 2014 (In thousands) Deferred tax assets: Share-based compensation $ — $ 1,052 Accrued bonuses 171 1,165 Start-up costs 123 141 Deferred revenue — — Loss carry-forwards 7,161 363 Other 90 6 Total deferred tax assets 7,545 2,727 Valuation allowance (7,161 ) (341 ) Net deferred tax assets 384 2,386 Deferred tax liabilities: Property and equipment (2,868 ) (2,749 ) Total deferred tax liabilities (2,868 ) (2,749 ) Net deferred tax liability $ (2,484 ) $ (363 )
Reconciliation of Unrecognized Tax Benefits	A reconciliation of our unrecognized tax benefits amount is as follows (in thousands): Gross balance at January 1, 2015 $ 2,214 Additions based on tax positions related to the current year — Additions for tax positions of prior years 88 Reductions for tax positions of prior years — Expiration of statutes (40 ) Tax settlements — Gross balance at December 31, 2015 2,262 Related tax benefits — Net balance at December 31, 2015 $ 2,262

Supplemental Financial Inform21

Supplemental Financial Information (Tables)	12 Months Ended
	Dec. 31, 2015
Balance Sheet Related Disclosures [Abstract]
Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets consisted of the following: December 31, 2015 2014 (In thousands) Prepaid insurance $ 1,394 $ 12,000 Sales tax receivable 8,203 7,846 Income tax receivable 5,398 278 Current deferred tax asset 298 2,126 Other receivables 734 1,468 Other 6,377 4,301 $ 22,404 $ 28,019
Property and Equipment, Net	Property and equipment, net consisted of the following: December 31, 2015 2014 (In thousands) Drilling equipment $ 3,425,738 $ 3,391,024 Assets under construction 23,421 27,905 Office and technology equipment 29,405 18,333 Leasehold improvements 2,442 1,980 3,481,006 3,439,242 Accumulated depreciation (532,619 ) (406,674 ) Property and equipment, net $ 2,948,387 $ 3,032,568
Other Assets	Other assets consisted of the following: December 31, 2015 2014 (In thousands) Deferred financing costs, net $ — $ 39,750 Performance bond collateral 3,197 6,600 Deferred certification costs 10,050 7,767 Deferred mobilization costs 8,454 15,715 Deferred income taxes 6 29 Deposits 1,197 1,365 $ 22,904 $ 71,226
Accrued Liabilities	Accrued liabilities consisted of the following: December 31, 2015 2014 (In thousands) Interest $ 1,125 $ 27,054 Compensation 8,360 21,012 Income taxes payable 8,901 18,268 Other 3,316 6,861 $ 21,702 $ 73,195
Other Long-term Liabilities	Other long-term liabilities consisted of the following: December 31, 2015 2014 (In thousands) Deferred revenue $ 20,247 $ 72,158 Deferred income taxes 2,787 2,517 Other non-current liabilities 10,215 10,568 $ 33,249 $ 85,243
Consolidated Statement of Operations Included with Related Parties	Transactions with Related Parties The Company's Consolidated Statement of Operations included the following transactions with related parties for the periods indicated: Year Ended December 31, 2015 2014 (In thousands) Reimbursable revenues $ 6,212 $ 9,428 Interest income 27 27 Interest expense (489 ) — $ 5,750 $ 9,455
Summarizes of Payable to Related Parties Included Consolidated Balance Sheet	The following table summarizes the balances payable to related parties included in the Company's Consolidated Balance Sheet as of the periods indicated: December 31, 2015 2014 (In thousands) Accounts payable to related parties, net $ 17,340 $ 156,662 VDC Note 61,477 — Accrued liabilities 489 — $ 79,306 $ 156,662

Business Segment Information (T

Business Segment Information (Tables)	12 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Summary of Revenues by Country	Our revenues by country were as follows: Years Ended December 31, 2015 2014 (In thousands) Congo $ 247,415 $ — India 189,973 207,309 U.S. 128,157 — Gabon — 207,419 Malaysia — 165,004 Other countries (a) 206,720 303,172 Total revenues $ 772,265 $ 882,904 (a) Other countries represent countries in which we operate that individually had operating revenues representing less than 10 percent of total revenues earned.
Schedule of Property, Plant and Equipment, Net by Country	Our property and equipment, net by country were as follows: December 31, 2015 2014 (In thousands) Congo $ 582,590 $ 607,180 India 718,966 746,398 U.S. — 717,325 South Africa 851,099 — Other (a) 795,732 961,665 Total property and equipment $ 2,948,387 $ 3,032,568 (a) Other countries represent countries in which we operate that individually had property equipment, net representing less than 10 percent of total property and equipment.

Organization and Recent Event23

Organization and Recent Events - Additional Information (Detail)	Dec. 03, 2015USD ($)$ / sharesshares	Dec. 02, 2015USD ($)Subsidiary	Sep. 30, 2015USD ($)	Dec. 31, 2015USD ($)shares
Organization And Recent Events [Line Items]
Change of corporate name, effective date				Feb. 11, 2016
Repayments of Parent Note	$ 62,000,000
Convertible notes payable				$ 172.61
Number of share embedded in each note holder units | shares				1
Tungsten Explorer
Organization And Recent Events [Line Items]
Drilling service contract agreement effective date				Jan. 1, 2016
Drilling service contract agreement expiration date				Oct. 31, 2018
Platinum Explorer
Organization And Recent Events [Line Items]
Drilling service contract initial agreement				5 years
Contract Termination
Organization And Recent Events [Line Items]
Deferred mobilization revenue			$ 21,500,000
Letter Of Credit
Organization And Recent Events [Line Items]
Fees payable on outstanding face amount of letters of credit at rate				5.50%
Promissory Notes | Ordinary Shares
Organization And Recent Events [Line Items]
Share issued during period for repayment of debt | shares	655,095
2017 Term Loan
Organization And Recent Events [Line Items]
Share issued during period for repayment of debt | shares				1.722798
Convertible notes payable				$ 1,000
Convertible notes issued per 1000 face values of notes converted				297.37
2019 Term Loan
Organization And Recent Events [Line Items]
Issuance of senior notes				$ 350,000,000
Share issued during period for repayment of debt | shares				1.725087
Convertible notes issued per 1000 face values of notes converted				$ 297.77
Second Amended and Restated Credit Agreement
Organization And Recent Events [Line Items]
Revolving letter of credit commitment	$ 32,000,000
Repayments of lines of credit	7,000,000
Second Amended and Restated Credit Agreement | LIBOR
Organization And Recent Events [Line Items]
Applicable margin on interest				6.50%
Debt Instrument Floor Rate				1.00%
Second Amended and Restated Credit Agreement | Letter Of Credit
Organization And Recent Events [Line Items]
Revolving letter of credit commitment	32,000,000
Second Amended and Restated Credit Agreement | Term Loan
Organization And Recent Events [Line Items]
Issuance of senior notes	$ 143,000,000
7.5% Senior Notes
Organization And Recent Events [Line Items]
Debt instrument, interest rate				7.50%
Share issued during period for repayment of debt | shares				1.786070
Debt instrument, maturity year				2,019
Convertible notes issued per 1000 face values of notes converted				$ 308.29
New 10% Senior Secured Second Lien Notes
Organization And Recent Events [Line Items]
Debt instrument, interest rate	10.00%
Senior notes, noncurrent	$ 75,000,000
Debt instrument, maturity year				2,020
10% Senior Secured Second Lien Notes
Organization And Recent Events [Line Items]
Issuance of senior notes	$ 76,100,000
Debt instrument, interest rate	10.00%
Proceeds from issuance of senior notes net of fees paid	$ 73,900,000
Backstop agreement premium paid	2,200,000
Backstop agreement premium paid in cash	1,100,000
Backstop agreement premium paid in senior secured second lien notes	$ 1,100,000
Debt instrument, maturity date				Dec. 31, 2020
Debt instrument, annual interest rate	10.00%
Debt instrument, outstanding interest rate	10.00%
Debt instrument, payment terms				Interest on outstanding 10% Second Lien Notes is payable semi-annually in arrears, commencing on June 30, 2016. Interest is computed on the basis of a 360-day year comprised of twelve 30-day months.
1%/12% Step-Up Senior Secured Third Lien Convertible Notes
Organization And Recent Events [Line Items]
Debt instrument, interest rate				0.083%
Debt instrument, maturity date				Dec. 31, 2030
Debt instrument, payment terms				Interest is computed on the basis of a 360-day year comprised of twelve 30-day months at a rate of 1% per annum for the first four years and then increasing to 12% per annum until maturity.
Pre-petition secured debt claims	$ 2,500,000,000
Convertible notes	$ 750,000,000
Interest rate per annum for the first four years				1.00%
Interest rate per annum until maturity				12.00%
Minimum affirmative vote percentage	75.00%
1%/12% Step-Up Senior Secured Third Lien Convertible Notes | Ordinary Shares
Organization And Recent Events [Line Items]
Share issued during period for repayment of debt | shares	4,344,959
Convertible notes | $ / shares	$ 95.60
7.125% Senior Notes
Organization And Recent Events [Line Items]
Debt instrument, interest rate				7.125%
Share issued during period for repayment of debt | shares				1.728569
Debt instrument, maturity year				2,023
Convertible notes issued per 1000 face values of notes converted				$ 298.37
Chapter Eleven Restructuring Agreement and Bankruptcy Proceedings
Organization And Recent Events [Line Items]
Number of subsidiaries acquired | Subsidiary		2
Promissory note issue to acquire subsidiaries		$ 61,500,000
Reorganization Plan
Organization And Recent Events [Line Items]
Share issued during period for repayment of debt | shares				4,344,959

Summary of Liabilities Subject

Summary of Liabilities Subject to Compromise (Detail) $ in Thousands	Dec. 31, 2015USD ($)
Debt Instrument [Line Items]
Liabilities subject to compromise	$ 2,694,456
2017 Term Loan
Debt Instrument [Line Items]
Liabilities subject to compromise	326,420
2019 Term Loan
Debt Instrument [Line Items]
Liabilities subject to compromise	344,738
7.5% Senior Notes
Debt Instrument [Line Items]
Liabilities subject to compromise	1,136,748
7.125% Senior Notes
Debt Instrument [Line Items]
Liabilities subject to compromise	736,550
Old Credit Agreement
Debt Instrument [Line Items]
Liabilities subject to compromise	$ 150,000

Summary of Components of Reorga

Summary of Components of Reorganization Items (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
Debt Instrument [Line Items]
Professional fees	$ 2,225	[1]
Reorganization Items	39,354
Term Loan
Debt Instrument [Line Items]
Write-off of debt discount and debt issuance costs	14,498	[2]
7.5% Senior Notes and 7.125% Senior Notes
Debt Instrument [Line Items]
Write-off of debt discount and debt issuance costs	21,517	[2]
Old Credit Agreement
Debt Instrument [Line Items]
Write-off of debt discount and debt issuance costs	$ 1,114	[2]
[1]	For the year ended December 31, 2015, cash payments for reorganization items totaled $0.0 million
[2]	The carrying value of debt that is subject to compromise was adjusted to include the related unamortized debt discount and debt issuance costs; the debt is adjusted to the expected amount of allowed claims.

Summary of Components of Reor26

Summary of Components of Reorganization Items (Parenthetical) (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)
Disclosure Organization And Recent Events Additional Information [Abstract]
Cash payment for reorganization items	$ 0

Debtors' Condensed Combined Bal

Debtors' Condensed Combined Balance Sheet (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Debtor In Possession Statement [Line Items]
Cash and cash equivalents	$ 203,420	$ 75,801	$ 50,326
Total current assets	361,041	321,338
Property and equipment, net	2,948,387	3,032,568
Other assets	22,904	71,226
Total assets	3,332,332	3,425,132
Current maturities of long-term debt		53,500
Note payable to VDC	61,477
Total current liabilities	132,616	341,380
Long-term debt		2,497,103
Other long term liabilities	33,249	85,243
Liabilities subject to compromise	2,694,456
VDI shareholder's equity	456,756	490,689
Noncontolling interests	15,255	10,717
Total equity	472,011	501,406	409,288
Total liabilities and shareholder’s equity	3,332,332	3,425,132
Debtor-In-Possession
Debtor In Possession Statement [Line Items]
Cash and cash equivalents	198,594	62,902	$ 42,957
Other current assets	150,611	236,113
Total current assets	349,205	299,015
Property and equipment, net	2,888,463	2,993,225
Other assets	15,104	66,543
Total assets	3,252,772	3,358,783
Accounts payable and accrued liabilities	59,986	264,837
Intercompany payable to non-filing entities	3,331	13,027
Current maturities of long-term debt		53,500
Note payable to VDC	61,477
Total current liabilities	124,794	331,364
Long-term debt		2,497,103
Other long term liabilities	24,169	76,720
Liabilities subject to compromise	2,694,456
VDI shareholder's equity	394,116	442,886
Noncontolling interests	15,237	10,710
Total equity	409,353	453,596
Total liabilities and shareholder’s equity	$ 3,252,772	$ 3,358,783

Debtors' Condensed Combined Sta

Debtors' Condensed Combined Statements of Operations (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Debtor In Possession Statement [Line Items]
Revenues	$ 772,265	$ 882,904
Operating costs and expenses	512,291	557,697
Income from operations	259,974	325,207
Interest expense	(173,634)	(196,159)
Other, net	(197,850)	(192,277)
Reorganization items	(39,354)
Income before income taxes	62,124	132,930
Income tax provision	39,870	39,817
Net income	22,254	93,113
Net income attributable to noncontrolling interests	5,036	257
Net income attributable to VDI	17,218	92,856
Debtor-In-Possession
Debtor In Possession Statement [Line Items]
Revenues	755,568	852,872
Operating costs and expenses	502,963	543,249
Income from operations	252,605	309,623
Interest expense	(173,634)	(196,160)
Other, net	14,531	3,962
Reorganization items	(39,354)
Income before income taxes	54,148	117,425
Income tax provision	36,356	38,336
Net income	17,792	79,089
Net income attributable to noncontrolling interests	5,085	304
Net income attributable to VDI	$ 12,707	$ 78,785

Debtors' Condensed Combined S29

Debtors' Condensed Combined Statement of Cash Flows (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash provided by operating activities	$ 92,587	$ 239,724
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to property and equipment	(46,490)	(35,693)
Net cash used in investing activities	(46,490)	(35,693)
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of debt	(67,980)	(167,561)
Distributions to VDC	(498)	(995)
Proceeds from (repayment of) revolving credit agreement, net	150,000	(10,000)
Net cash provided by (used in) financing activities	81,522	(178,556)
Net increase in cash and cash equivalents	127,619	25,475
Cash and cash equivalents—beginning of year	75,801	50,326
Cash and cash equivalents—end of year	203,420	75,801
Debtor-In-Possession
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash provided by operating activities	65,495	217,023
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to property and equipment	(11,325)	(18,521)
Net cash used in investing activities	(11,325)	(18,521)
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of debt	(67,980)	(167,562)
Distributions to VDC	(498)	(995)
Proceeds from (repayment of) revolving credit agreement, net	150,000	(10,000)
Net cash provided by (used in) financing activities	81,522	(178,557)
Net increase in cash and cash equivalents	135,692	19,945
Cash and cash equivalents—beginning of year	62,902	42,957
Cash and cash equivalents—end of year	$ 198,594	$ 62,902

Summary of Net Effect of Consol

Summary of Net Effect of Consolidating Entities on Consolidated Statement of Operations (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Variable Interest Entity [Line Items]
Revenues	$ 772,265	$ 882,904
Operating costs and expenses	512,291	557,697
Income before taxes	62,124	132,930
Income tax provision	39,870	39,817
Net income attributable to noncontrolling interests	5,036	257
Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Revenues	21,791	24,798
Operating costs and expenses	19,850	22,392
Income before taxes	2,206	2,688
Income tax provision	(2,830)	2,431
Net income attributable to noncontrolling interests	$ 5,036	$ 257

Basis of Presentation and Sig31

Basis of Presentation and Significant Accounting Policies - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Basis Of Presentation And Significant Accounting Policies [Line Items]
Capitalized interest	$ 0	$ 0
Future cash flow asset carrying value factor description	The results of the analysis indicated that the estimated undiscounted future cash flows exceeded the carrying values of our drilling rigs.
Deferred financing costs written off	$ 31,400,000
7.125% Senior Notes
Basis Of Presentation And Significant Accounting Policies [Line Items]
Fair value of notes outstanding	$ 15,700,000
Debt instrument, interest rate	7.125%
7.5% Senior Notes
Basis Of Presentation And Significant Accounting Policies [Line Items]
Fair value of notes outstanding	$ 23,500,000
Debt instrument, interest rate	7.50%
Drilling Equipment | Minimum
Basis Of Presentation And Significant Accounting Policies [Line Items]
Property, plant and equipment, useful lives	5 years
Drilling Equipment | Maximum
Basis Of Presentation And Significant Accounting Policies [Line Items]
Property, plant and equipment, useful lives	35 years
Office and Technology Equipment | Minimum
Basis Of Presentation And Significant Accounting Policies [Line Items]
Property, plant and equipment, useful lives	3 years
Office and Technology Equipment | Maximum
Basis Of Presentation And Significant Accounting Policies [Line Items]
Property, plant and equipment, useful lives	7 years

Debt - Bankruptcy Filing - Addi

Debt - Bankruptcy Filing - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)
Debt Disclosure [Abstract]
Write off the unamortized debt discount and debt issuance costs	$ 37.1
Contractual interest expense	$ 14.9

Pre-Bankruptcy Long-Term Debt (

Pre-Bankruptcy Long-Term Debt (Detail) $ in Thousands	Dec. 31, 2014USD ($)
Debt Instrument [Line Items]
Long-term debt	$ 2,550,603
Less current maturities of long-term debt and revolving credit facility	53,500
Long-term debt, net	2,497,103
7.5% Senior Notes
Debt Instrument [Line Items]
Long-term debt	1,118,615	[1]
7.125% Senior Notes
Debt Instrument [Line Items]
Long-term debt	727,622	[1]
2017 Term Loan
Debt Instrument [Line Items]
Long-term debt	364,159	[1]
2019 Term Loan
Debt Instrument [Line Items]
Long-term debt	$ 340,207	[1]
[1]	Classified as Liabilities Subject to Compromise as of December 31, 2015

Pre-Bankruptcy Long-Term Debt34

Pre-Bankruptcy Long-Term Debt (Parenthetical) (Detail) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
2017 Term Loan
Debt Instrument [Line Items]
Issuance of senior notes	$ 500,000,000
Discount on senior secured notes	0	$ 4,406,000
2019 Term Loan
Debt Instrument [Line Items]
Issuance of senior notes	350,000,000
Discount on senior secured notes	$ 0	$ 3,668,000

Summary of Yearly Debt Payments

Summary of Yearly Debt Payments for Both Scheduled and Discretionary (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Yearly debt payments, both scheduled and discretionary		$ 79,447	$ 186,263
7.125% Senior Notes
Debt Instrument [Line Items]
Yearly debt payments, both scheduled and discretionary	[1]		47,378
7.5% Senior Notes
Debt Instrument [Line Items]
Yearly debt payments, both scheduled and discretionary	[1]	31,800	31,385
Scheduled Maturities Payments
Debt Instrument [Line Items]
Yearly debt payments, both scheduled and discretionary	[2]	40,125	63,500
2017 Term Loan
Debt Instrument [Line Items]
Yearly debt payments, both scheduled and discretionary	[3]	$ 7,522	$ 44,000
[1]	Discretionary open market debt repurchases.
[2]	Includes $10 million repayment of revolving credit agreement in 2014.
[3]	Includes additional principal payments of $7.5 million and $42 million in 2015 and 2014, respectively.

Summary of Yearly Debt Paymen36

Summary of Yearly Debt Payments for Both Scheduled and Discretionary (Parenthetical) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2015
Debt Instrument [Line Items]
Additional principal payment	$ 42	$ 7.5
Revolving credit agreement
Debt Instrument [Line Items]
Repayments of lines of credit	$ 10

Debt - 7.5% Senior Notes and $5

Debt - 7.5% Senior Notes and $500 Million 2017 Term Loan - Additional Information (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Debt instrument, extinguishment amount		$ 79,447	$ 186,263
Gain (loss) related to write-off of deferred financing costs and original issuance discount			1,900
2017 Term Loan
Debt Instrument [Line Items]
Debt instrument, extinguishment amount		7,500
Gain (loss) related to write-off of deferred financing costs and original issuance discount		1,600	(1,100)
Additional principal payment			44,000
7.5% Senior Notes
Debt Instrument [Line Items]
Debt instrument, extinguishment amount	[1]	31,800	31,385
Gain (loss) related to write-off of deferred financing costs and original issuance discount		$ 9,300	$ 3,600
[1]	Discretionary open market debt repurchases.

Debt - 7.125% Senior Notes and

Debt - 7.125% Senior Notes and $350 Million 2019 Term Loan - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2014USD ($)
Debt Disclosure [Abstract]
Debt instrument repurchased, face amount	$ 47.4
Gain (loss) related to write-off of original issuance discount and deferred financing costs	$ 1.9

Shareholder's Equity - Addition

Shareholder's Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Disclosure Shareholders Equity Additional Information [Abstract]
Ordinary shares, shares authorized	50,000,000	50,000,000
Ordinary shares, par value	$ 0.001	$ 0.001
Ordinary shares, shares issued	1,000	1,000
Ordinary shares, shares outstanding	1,000	1,000
Ownership percentage by parent	100.00%
Share based compensation expense allocated from VDC	$ 5.8	$ 7.9

Income Tax Expense (Benefit) Re

Income Tax Expense (Benefit) Related to Foreign Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Components Of Income Tax Expense Benefit Continuing Operations [Abstract]
Current	$ 37,748	$ 40,122
Deferred	2,122	(305)
Total	$ 39,870	$ 39,817

Reconciliation of Statutory and

Reconciliation of Statutory and Effective Income Tax Rates (Detail)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Effective Income Tax Rate Continuing Operations Tax Rate Reconciliation [Abstract]
Statutory rate	0.00%	0.00%
Taxes on foreign earnings	69.40%	30.10%
Settlement of prior years’ tax audits	(7.70%)	(0.00%)
Other	2.50%	0.10%
Total	64.20%	30.00%

Components of Net Deferred Tax

Components of Net Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Deferred tax assets:
Share-based compensation		$ 1,052
Accrued bonuses	$ 171	1,165
Start-up costs	123	141
Loss carry-forwards	7,161	363
Other	90	6
Total deferred tax assets	7,545	2,727
Valuation allowance	(7,161)	(341)
Net deferred tax assets	384	2,386
Deferred tax liabilities:
Property and equipment	(2,868)	(2,749)
Total deferred tax liabilities	(2,868)	(2,749)
Net deferred tax liability	$ (2,484)	$ (363)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)
Income Tax Contingency [Line Items]
Foreign Tax loss carry forwards	$ 23
Foreign Tax loss carry forwards year of expiration	2,016
Income tax interest and penalties expense	$ 0.1
Income Tax expense accrued interest and penalties	$ 1.2
Minimum
Income Tax Contingency [Line Items]
Open tax year	2,008

Reconciliation of Unrecognized

Reconciliation of Unrecognized Tax Benefits (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
Reconciliation Of Unrecognized Tax Benefits Excluding Amounts Pertaining To Examined Tax Returns Roll Forward
Gross Beginning Balance	$ 2,214
Additions for tax positions of prior years	88
Expiration of statutes	(40)
Gross Ending Balance	2,262
Net Ending Balance	$ 2,262

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Commitments And Contingencies Disclosure [Abstract]
Future minimum annual rentals under operating leases in 2016	$ 3.7
Future minimum annual rentals under operating leases in 2017	1.8
Future minimum annual rentals under operating leases in 2018	1.5
Future minimum annual rentals under operating leases in 2019	1.2
Future minimum annual rentals under operating leases in 2020	1.1
Future minimum annual rentals under operating leases in 2021 and thereafter	3.1
Lease rental expenses	14.6	$ 15.2
Purchase commitments	$ 15.7

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]
Prepaid insurance	$ 1,394	$ 12,000
Sales tax receivable	8,203	7,846
Income tax receivable	5,398	278
Current deferred tax asset	298	2,126
Other receivables	734	1,468
Other	6,377	4,301
Prepaid expenses and other current assets	$ 22,404	$ 28,019

Property and Equipment, Net (De

Property and Equipment, Net (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Property Plant And Equipment [Line Items]
Property and equipment	$ 3,481,006	$ 3,439,242
Accumulated depreciation	(532,619)	(406,674)
Property and equipment, net	2,948,387	3,032,568
Drilling Equipment
Property Plant And Equipment [Line Items]
Property and equipment	3,425,738	3,391,024
Assets under Construction
Property Plant And Equipment [Line Items]
Property and equipment	23,421	27,905
Office and Technology Equipment
Property Plant And Equipment [Line Items]
Property and equipment	29,405	18,333
Leasehold Improvements
Property Plant And Equipment [Line Items]
Property and equipment	$ 2,442	$ 1,980

Other Assets (Detail)

Other Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]
Deferred financing costs, net		$ 39,750
Performance bond collateral	$ 3,197	6,600
Deferred certification costs	10,050	7,767
Deferred mobilization costs	8,454	15,715
Deferred income taxes	6	29
Deposits	1,197	1,365
Total other assets	$ 22,904	$ 71,226

Accrued Liabilities (Detail)

Accrued Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Payables And Accruals [Abstract]
Interest	$ 1,125	$ 27,054
Compensation	8,360	21,012
Income taxes payable	8,901	18,268
Other	3,316	6,861
Accrued liabilities	$ 21,702	$ 73,195

Other Long-term Liabilities (De

Other Long-term Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Accounts Payable And Accrued Liabilities Noncurrent [Abstract]
Deferred revenue	$ 20,247	$ 72,158
Deferred income taxes	2,787	2,517
Other non-current liabilities	10,215	10,568
Other long-term liabilities Total	$ 33,249	$ 85,243

Consolidated Statement of Ope51

Consolidated Statement of Operations Included Transactions with Related Parties (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Disclosure Company Consolidated Statement Of Operations Included With Related Parties [Abstract]
Reimbursable revenues	$ 6,212	$ 9,428
Interest income	27	27
Interest expense	(489)
Operating income with related parties	$ 5,750	$ 9,455

Summarizes of Payable to Relate

Summarizes of Payable to Related Parties Included Consolidated Balance Sheet (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Disclosure Balances Payable To Related Parties Included In Company Consolidated Balance Sheet [Abstract]
Accounts payable to related parties, net	$ 17,340	$ 156,662
VDC Note	61,477
Accrued liabilities	489
Total payable to related parties	$ 79,306	$ 156,662

Business Segment Information -

Business Segment Information - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2015SegmentCustomer	Dec. 31, 2014Customer	Sep. 30, 2013Drillship
Entity Wide Revenue Major Customer [Line Items]
Number of reportable segments | Segment	1
Number of ultra deepwater drillships for supervise and manage construction | Drillship			2
Customer Concentration Risk | Sales
Entity Wide Revenue Major Customer [Line Items]
Number of customers accounted for revenues | Customer	3	4
Customer Concentration Risk | Sales | Customer One
Entity Wide Revenue Major Customer [Line Items]
Percentage of revenue	32.00%	24.00%
Customer Concentration Risk | Sales | Customer Two
Entity Wide Revenue Major Customer [Line Items]
Percentage of revenue	25.00%	18.00%
Customer Concentration Risk | Sales | Customer Three
Entity Wide Revenue Major Customer [Line Items]
Percentage of revenue	20.00%	17.00%
Customer Concentration Risk | Sales | Customer Four
Entity Wide Revenue Major Customer [Line Items]
Percentage of revenue		14.00%
Customer Concentration Risk | Sales | Ultra Deep Water Drillship
Entity Wide Revenue Major Customer [Line Items]
Percentage of revenue	1.00%	1.60%

Business Segment Information 54

Business Segment Information - Summary of Revenues by Country (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014
Entity Wide Revenue Major Customer [Line Items]
Revenues		$ 772,265	$ 882,904
Congo
Entity Wide Revenue Major Customer [Line Items]
Revenues		247,415
India
Entity Wide Revenue Major Customer [Line Items]
Revenues		189,973	207,309
U.S.
Entity Wide Revenue Major Customer [Line Items]
Revenues		128,157
Gabon
Entity Wide Revenue Major Customer [Line Items]
Revenues			207,419
Malaysia
Entity Wide Revenue Major Customer [Line Items]
Revenues			165,004
Other countries
Entity Wide Revenue Major Customer [Line Items]
Revenues	[1]	$ 206,720	$ 303,172
[1]	Other countries represent countries in which we operate that individually had operating revenues representing less than 10 percent of total revenues earned.

Business Segment Information 55

Business Segment Information - Summary of Revenues by Country (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Maximum | Other countries
Entity Wide Revenue Major Customer [Line Items]
Percentage of operating revenues	10.00%	10.00%

Business Segment Information 56

Business Segment Information - Schedule of Property,Plant and Equipment,Net by Country (Detail) - USD ($) $ in Thousands		Dec. 31, 2015	Dec. 31, 2014
Revenues From External Customers And Long Lived Assets [Line Items]
Total property and equipment		$ 2,948,387	$ 3,032,568
Congo
Revenues From External Customers And Long Lived Assets [Line Items]
Total property and equipment		582,590	607,180
India
Revenues From External Customers And Long Lived Assets [Line Items]
Total property and equipment		718,966	746,398
U.S.
Revenues From External Customers And Long Lived Assets [Line Items]
Total property and equipment			717,325
South Africa
Revenues From External Customers And Long Lived Assets [Line Items]
Total property and equipment		851,099
Other countries
Revenues From External Customers And Long Lived Assets [Line Items]
Total property and equipment	[1]	$ 795,732	$ 961,665
[1]	Other countries represent countries in which we operate that individually had property equipment, net representing less than 10 percent of total property and equipment.

Business Segment Information 57

Business Segment Information - Schedule of Property,Plant and Equipment,Net by Country (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Maximum | Other countries
Revenues From External Customers And Long Lived Assets [Line Items]
Percentage of property and equipment	10.00%	10.00%