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NorAm Drilling AS (OSL:NORAM) Construction In Progress : kr0 Mil (As of Mar. 2024)


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What is NorAm Drilling AS Construction In Progress?

NorAm Drilling AS Construction In Progress Historical Data

The historical data trend for NorAm Drilling AS's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
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NorAm Drilling AS Construction In Progress Chart

NorAm Drilling AS Annual Data
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Construction In Progress
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NorAm Drilling AS Quarterly Data
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NorAm Drilling AS Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

NorAm Drilling AS (OSL:NORAM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NorAm Drilling AS (OSL:NORAM) » Definitions » Construction In Progress
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Traded in Other Exchanges
TM9:Germany
Address
Bryggegata 3, P.O. Box 1327 - Vika, Oslo, NOR, 0112
Website
https://www.noramdrilling.com
NorAm Drilling AS owns and operates a quality rig portfolio of AC driven rigs tailored for the drilling of horizontal wells in the United States land drilling market. NorAm Drilling Company operates all eleven rigs and is financed through a combination of equity investments and intercompany loans, at arm's length terms, from its parent.

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