National Oilwell Varco 2015 Annual Report Download - page 104
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Table of Contents
injection units, flowline, manifolds and wellheads; well intervention, including coiled tubing units, coiled tubing, and wireline units and tools; onshore
production, including composite pipe, surface transfer and progressive cavity pumps, and artificial lift systems; and, offshore production, including floating
production systems and subsea production technologies.
Completion & Production Solutions supports service companies and oil and gas companies. Demand for the segment’s products depends on the level of
oilfield completions and workover activity by oilfield service companies and drilling contractors, and capital spending plans by oil and gas companies and
oilfield service companies.
The Company had revenues of 4%, 7% and 11% of total revenue from one of its customers for the years ended December 31, 2015, 2014, and 2013,
respectively. This customer, Samsung Heavy Industries, is a shipyard acting as a general contractor for its customers, who are drillship owners and drilling
contractors. This shipyard’s customers have specified that the Company’s drilling equipment be installed on their drillships and have required the shipyard to
issue contracts to the Company.
Geographic Areas:
The following table presents consolidated revenues by country based on sales destination of the use of the products or services (in millions):
United States $ 3,640 $ 6,097 $ 5,140
South Korea 1,835 3,472 3,219
China 1,623 1,905 1,007
Singapore 1,035 1,157 1,850
United Kingdom 634 715 705
Brazil 605 1,299 811
Norway 555 881 1,102
Canada 365 645 625
Other Countries 4,465 5,269 4,762
Total $14,757 $21,440 $19,221
The following table presents long-lived assets by country based on the location (in millions):
United States $1,735 $1,818
Brazil 226 290
United Kingdom 163 196
Denmark 128 144
South Korea 102 113
Mexico 93 110
Canada 78 99
Singapore 78 87
Other Countries 521 505
Total $3,124 $3,362
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