What Civeo Corporation reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
The following presents information about our principal properties and facilities as of December 31, 2025. Except as indicated, we own all of the properties or facilities listed below. Each of the properties is encumbered by our secured credit facilities. See “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Item 7 and Note 10 – Debt to the notes to consolidated financial statements included in Item 8 of this annual report for additional information concerning our credit facilities. For a discussion about how each of our business segments utilizes its respective properties, see Item 1, “Business” of this annual report.
The rest of Item 2
Australia:
Coppabella, Queensland, Australia · 192 acres · Coppabella Village
Narrabri, New South Wales, Australia · 82 acres · Narrabri Village
Boggabri, New South Wales, Australia · 52 acres · Boggabri Village
Dysart, Queensland, Australia · 50 acres · Dysart Village
Middlemount, Queensland, Australia · 37 acres · Middlemount Village
Nebo, Queensland, Australia · 26 acres · Nebo Village
Rosewood, Queensland, Australia · 18 acres · Rosewood Village
Moranbah, Queensland, Australia · 17 acres · Moranbah Village
Waratah, Queensland, Australia · 11 acres · Waratah Village
Karratha, Western Australia, Australia · 11 acres · Karratha Village
Acacia, Queensland, Australia · 3 acres · Acacia Village
Vitrinite, Queensland, Australia · 3 acres · Vitrinite Village
Perth, Western Australia, Australia (lease) · 13,500 sq. feet · Office
Sydney, New South Wales, Australia (lease) · 11,437 sq. feet · Office
Brisbane, Queensland, Australia (lease) · 5,543 sq. feet · Office
Canada:
Fort McMurray, Alberta (leased land) · 240 acres · Wapasu Creek Lodge
Fort McMurray, Alberta (leased land) · 138 acres · Fort McMurray Village
Fort McMurray, Alberta (leased land) · 135 acres · Conklin Lodge
Fort McMurray, Alberta (leased land) · 128 acres · Beaver River and Athabasca Lodges
Kitimat, British Columbia · 59 acres · Sitka Lodge
Fort McMurray, Alberta (leased land and lodges) · 58 acres · Hudson and Borealis Lodges
Acheson, Alberta (lease) · 40 acres · Office and warehouse
Vanderhoof, British Columbia · 33 acres · Storage yard
Fort McMurray, Alberta (leased land) · 30 acres · Greywolf Lodge
Fort McMurray, Alberta (leased land) · 18 acres · Anzac Lodge
Edmonton, Alberta (lease) (1) · 86,376 sq. feet · Office and commercial production kitchen
Edmonton, Alberta (lease) (2) · 23,648 sq. feet · Office
Calgary, Alberta (lease) · 7,000 sq. feet · Office
U.S.:
Houston, Texas (lease) · 10,639 sq. feet · Principal executive offices
Killdeer, North Dakota · 39 acres · Killdeer Lodge
(1) The office and commercial production kitchen was vacated as of December 31, 2025 and the related lease expired in February 2026.
(2) This new office in Canada replaced the office and commercial production kitchen.
We also own various undeveloped properties in British Columbia.
We believe that our leases are at competitive or market rates and do not anticipate any difficulty in leasing additional suitable space upon expiration of our current lease terms.
Leased land for our lodge properties in Canada refers to land leased from the Alberta government. We also lease land for our Karratha Village from the state government in Australia. Generally, these leases have an initial term of ten years and are scheduled to expire between 2027 and 2035 with the exception of one lease that expires in 2049.
