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The following summarizes the operating results for the quarter and year ended December 31, 2012 and 2011 by type of rig or geographic area. Long-reach drilling in Canada includes the Company's telescoping double drilling rigs, TDS-3000™ drilling rigs and TDS-2200™ drilling rigs.
--------------------------------------------------------------------------------------------------------------------------------------------------------(Stated in thousands of dollars) Long-reach Shallow DrillingQuarter ended December 31, Drilling Drilling U.S. and 2012 Canada Canada International Total-------------------------------------------------------------------------------------------------------------------------------------------------------- $ $ $ $--------------------------------------------------------------------------------------------------------------------------------------------------------Revenue 61,933 4,074 54,136 120,143Operating margin(1) 18,738 (1,697) 10,564 27,605Operating margin %(1) 30% (42%) 20% 23%--------------------------------------------------------------------------------------------------------------------------------------------------------Revenue excluding cost recoveries 54,640 3,830 51,224 109,694Operating margin(1) 18,738 (1,697) 10,564 27,605Operating margin %(1) 34% (44%) 21% 25%--------------------------------------------------------------------------------------------------------------------------------------------------------Average number of net rigs deployed 46 20 30 96Utilization %(2) 50% 9% 81% 51%---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Long-reach Shallow Drilling(Stated in thousands of Drilling Drilling U.S. and dollars) Canada Canada International TotalQuarter ended December 31, 2011-------------------------------------------------------------------------------------------------------------------------------------------------------- $ $ $ $--------------------------------------------------------------------------------------------------------------------------------------------------------Revenue 78,151 10,036 41,599 129,786Operating margin(1) 28,619 740 9,120 38,479Operating margin %(1) 37% 7% 22% 30%--------------------------------------------------------------------------------------------------------------------------------------------------------Revenue excluding cost recoveries 69,867 9,348 39,290 118,505Operating margin(1) 28,619 740 9,120 38,479Operating margin %(1) 41% 8% 23% 32%--------------------------------------------------------------------------------------------------------------------------------------------------------Average number of net rigs deployed 41 24 26 91Utilization %(2) 73% 16% 77% 56%----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------(Stated in thousands of dollars) Long-reach Shallow Drilling Drilling Drilling U.S. andYear ended December 31, 2012 Canada Canada International Total-------------------------------------------------------------------------------------------------------------------------------------------------------- $ $ $ $--------------------------------------------------------------------------------------------------------------------------------------------------------Revenue 246,376 39,604 201,217 487,197Operating margin(1) 88,704 8,762 52,036 149,502Operating margin %(1) 36% 22% 26% 31%--------------------------------------------------------------------------------------------------------------------------------------------------------Revenue excluding cost recoveries 220,563 37,853 193,770 452,186Operating margin(1) 88,704 8,762 52,036 149,502Operating margin %(1) 40% 23% 27% 33%--------------------------------------------------------------------------------------------------------------------------------------------------------Average number of net rigs deployed 42 21 30 93Utilization %(2) 55% 20% 79% 55%---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Long-reach Shallow Drilling(Stated in thousands of Drilling Drilling U.S. and dollars) Canada Canada International TotalYear ended December 31, 2011-------------------------------------------------------------------------------------------------------------------------------------------------------- $ $ $ $--------------------------------------------------------------------------------------------------------------------------------------------------------Revenue 253,680 51,813 145,639 451,132Operating margin(1) 89,311 8,979 29,793 128,083Operating margin %(1) 35% 17% 20% 28%--------------------------------------------------------------------------------------------------------------------------------------------------------Revenue excluding cost recoveries 222,896 49,189 137,403 409,488Operating margin(1) 89,311 8,979 29,793 128,083Operating margin %(1) 40% 18% 22% 31%--------------------------------------------------------------------------------------------------------------------------------------------------------Average number of net rigs deployed 39 26 25 90Utilization %(2) 69% 20% 76% 56%--------------------------------------------------------------------------------------------------------------------------------------------------------
