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Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	Jun. 30, 2017	Jul. 24, 2017
Document Information [Line Items]
Entity Registrant Name	Civeo Corp
Entity Central Index Key	0001590584
Trading Symbol	cveo
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		132,249,504
Document Type	10-Q
Document Period End Date	Jun. 30, 2017
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	Q2
Amendment Flag	false

Unaudited Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Revenues:
Service and other	$ 89,013	$ 100,748	$ 178,874	$ 192,515
Product	2,997	6,287	4,565	9,556
Total revenues	92,010	107,035	183,439	202,071
Costs and expenses:
Service and other costs	56,844	58,599	116,376	119,976
Product costs	2,640	5,987	4,780	10,553
Selling, general and administrative expenses	14,060	15,295	28,270	28,412
Depreciation and amortization expense	31,554	33,168	64,383	66,723
Impairment expense				8,400
Other operating expense	279		729	218
Total costs and expenses	105,377	113,049	214,538	234,282
Operating loss	(13,367)	(6,014)	(31,099)	(32,211)
Interest expense to third-parties	(4,752)	(5,925)	(10,256)	(10,869)
Loss on extinguishment of debt			(842)	(302)
Interest income	10	28	20	114
Other income (expense)	476	(392)	730	(280)
Loss before income taxes	(17,633)	(12,303)	(41,447)	(43,548)
Income tax benefit	2,916	949	5,864	5,520
Net loss	(14,717)	(11,354)	(35,583)	(38,028)
Less: Net income attributable to noncontrolling interest	99	132	220	280
Net loss attributable to Civeo Corporation	$ (14,816)	$ (11,486)	$ (35,803)	$ (38,308)
Per Share Data (see Note 6)
Basic net loss per share attributable to Civeo Corporation common shareholders (in dollars per share)	$ (0.11)	$ (0.11)	$ (0.28)	$ (0.36)
Diluted net loss per share attributable to Civeo Corporation common shareholders (in dollars per share)	$ (0.11)	$ (0.11)	$ (0.28)	$ (0.36)
Weighted average number of common shares outstanding:
Basic (in shares)	130,692	107,033	125,796	106,923
Diluted (in shares)	130,692	107,033	125,796	106,923

Unaudited Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Net loss	$ (14,717)	$ (11,354)	$ (35,583)	$ (38,028)
Other comprehensive income (loss):
Foreign currency translation adjustment, net of taxes of zero	6,313	(12,487)	24,348	16,912
Total other comprehensive income (loss)	6,313	(12,487)	24,348	16,912
Comprehensive loss	(8,404)	(23,841)	(11,235)	(21,116)
Comprehensive income attributable to noncontrolling interest	(72)	(129)	(541)	(320)
Comprehensive loss attributable to Civeo Corporation.	$ (8,476)	$ (23,970)	$ (11,776)	$ (21,436)

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 27,326	$ 1,785
Accounts receivable, net	60,122	56,302
Inventories	3,900	3,112
Prepaid expenses	17,780	15,431
Other current assets	6,111	5,938
Total current assets	115,239	82,568
Property, plant and equipment, net	766,258	789,710
Other intangible assets, net	26,056	28,039
Other noncurrent assets	9,035	10,129
Total assets	916,588	910,446
Current liabilities:
Accounts payable	20,393	20,675
Accrued liabilities	11,713	14,822
Income taxes	35	111
Current portion of long-term debt	16,006	15,471
Deferred revenue	2,702	6,792
Other current liabilities	1,900	2,572
Total current liabilities	52,749	60,443
Long-term debt, less current maturities	300,180	337,800
Deferred income taxes	2,404	9,194
Other noncurrent liabilities	29,188	27,019
Total liabilities	384,521	434,456
Commitments and contingencies (Note 9)
Shareholders’ Equity:
Common shares (no par value; 550,000,000 shares authorized, 132,414,955 shares and 108,171,329 shares issued, respectively, and 132,249,504 shares and 108,103,048 shares outstanding, respectively)	0	0
Additional paid-in capital	1,380,429	1,311,226
Accumulated deficit	(509,203)	(472,764)
Common shares held in treasury at cost, 165,451 and 68,281 shares, respectively	(358)	(65)
Accumulated other comprehensive loss	(338,903)	(362,930)
Total Civeo Corporation shareholders’ equity	531,965	475,467
Noncontrolling interest	102	523
Total shareholders’ equity	532,067	475,990
Total liabilities and shareholders’ equity	$ 916,588	$ 910,446

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares $ / shares in Thousands	Jun. 30, 2017	Dec. 31, 2016
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	550,000,000	550,000,000
Common stock, shares issued (in shares)	132,414,955	108,171,329
Common stock, shares outstanding (in shares)	132,249,504	108,103,048
Treasury shares (in shares)	165,451	68,281

Unaudited Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	AOCI Attributable to Parent [Member]	Noncontrolling Interest [Member]	Total
Balance at Jun. 30, 2016	$ 1,309,007	$ (414,684)	$ (65)	$ (349,437)	$ 845	$ 545,666
Balance at Dec. 31, 2015	1,305,930	(376,376)		(366,309)	525	563,770
Net income (loss)		(38,308)			280	(38,028)
Currency translation adjustment				16,872	40	16,912
Share-based compensation	3,077		(65)			3,012
Balance at Jun. 30, 2017	1,380,429	(509,203)	(358)	(338,903)	102	532,067
Balance at Dec. 31, 2016	1,311,226	(472,764)	(65)	(362,930)	523	475,990
Net income (loss)		(35,803)			220	(35,583)
Currency translation adjustment				$ 24,027	321	24,348
Dividends paid					$ (962)	(962)
Equity offering	64,817					64,817
Share-based compensation	3,750		$ (293)			$ 3,457
Cumulative effect of implementation of ASU 2016-09	$ 636	$ (636)

Unaudited Consolidated Statements of Changes in Shareholders' Equity (Shares) - 6 months ended Jun. 30, 2017 - shares	Common Stock [Member]	Total
Balance (in shares) at Dec. 31, 2016	108,103,000	108,171,329
Issuance of common shares (in shares)	23,000,000
Stock-based compensation (in shares)	1,147,000
Balance (in shares) at Jun. 30, 2017	132,250,000	132,414,955

Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash flows from operating activities:
Net loss	$ (35,583)	$ (38,028)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	64,383	66,723
Impairment expense		8,400
Loss on extinguishment of debt	842	302
Deferred income tax benefit	(6,732)	(8,026)
Non-cash compensation charge	3,750	3,077
(Gains) losses on disposals of assets	(854)	377
Provision for loss on receivables	(57)	(112)
Other, net	2,147	2,282
Changes in operating assets and liabilities:
Accounts receivable	(1,639)	(6,140)
Inventories	(664)	979
Accounts payable and accrued liabilities	(4,499)	4,735
Taxes payable	639	(565)
Other current assets and liabilities, net	(7,332)	1,189
Net cash flows provided by operating activities	14,401	35,193
Cash flows from investing activities:
Capital expenditures	(6,037)	(9,893)
Proceeds from disposition of property, plant and equipment	1,160	2,105
Other, net	375	(1,542)
Net cash flows used in investing activities	(4,502)	(9,330)
Cash flows from financing activities:
Proceeds from issuance of common shares, net	64,817
Revolving credit borrowings	44,525	168,431
Revolving credit repayments	(84,462)	(163,676)
Term loan repayments	(8,000)	(33,097)
Debt issuance costs	(1,795)	(2,022)
Other, net	(293)	(65)
Net cash flows provided by (used in) financing activities	14,792	(30,429)
Effect of exchange rate changes on cash	850	(1,016)
Net change in cash and cash equivalents	25,541	(5,582)
Cash and cash equivalents, beginning of period	1,785	7,837
Cash and cash equivalents, end of period	$ 27,326	$ 2,255

Note 1 - Description of Business and Basis of Presentation

6 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Business Description and Basis of Presentation [Text Block]

1.	DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION

Description of the Business

We are

one

of the largest integrated providers of workforce accommodations, logistics and facility management services to the natural resource industry. Our scalable modular facilities provide long-term and temporary accommodations where traditional accommodations and related infrastructure is insufficient, inaccessible or

not

cost effective. Once facilities are deployed in the field, we also provide catering and food services, housekeeping, laundry, facility management, water and wastewater treatment, power generation, communications and redeployment logistics. Our accommodations support our customers’ employees and contractors in the Canadian oil sands and in a variety of oil and natural gas drilling, mining and related natural resource applications as well as disaster relief efforts, primarily in Canada, Australia and the United States. We operate in

three

principal reportable business segments – Canada, Australia and U.S.

February 7, 2017,

we closed a public offering of

23,000,000

common shares at

$3.00

per share. We used a portion of the net proceeds of

$64.8

million from the offering to repay amounts outstanding under several revolving credit facilities provided by our primary credit agreement (the Credit Agreement) and expect to use the remaining proceeds for general corporate purposes.

February 17, 2017,

the

third

amendment to the Credit Agreement (as so amended, the Amended Credit Agreement) became effective, which: (i) reduced the aggregate revolving loan commitments; (ii) added

one

additional level to the total leverage-based grid for determining interest rates; and (iii) increased the maximum leverage ratio allowed under the Amended Credit Agreement. For further information, please see Note

– Debt.

Basis of Presentation

Unless otherwise stated or the context otherwise indicates: (i) all references in these consolidated financial statements to “Civeo,” “us,” “our” or “we” refer to Civeo Corporation and its consolidated subsidiaries; and (ii) all references in this report to “dollars” or “$” are to U.S. dollars.

The accompanying unaudited consolidated financial statements of Civeo have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the SEC) pertaining to interim financial information. Certain information in footnote disclosures normally included in financial statements prepared in accordance with Generally Accepted Accounting Principles (GAAP) has been condensed or omitted pursuant to those rules and regulations. The unaudited financial statements included in this report reflect all the adjustments, consisting of normal recurring adjustments, which Civeo considers necessary for a fair presentation of the results of operations for the interim periods covered and for the financial condition of Civeo at the date of the interim balance sheet. Results for the interim periods are

not

necessarily indicative of results for the full year. Certain reclassifications have been made to the

December 31, 2016

consolidated balance sheet to conform to the current year presentation.

The preparation of consolidated financial statements in conformity with GAAP requires the use of estimates and assumptions by management in determining the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. If the underlying estimates and assumptions upon which the financial statements are based change in future periods, actual amounts

may

differ from those included in the accompanying consolidated financial statements.

The financial statements included in this report should be read in conjunction with our audited financial statements and accompanying notes included in our Annual Report on Form

-K for the year ended

December 31, 2016.

Note 2 - Recent Accounting Pronouncements

6 Months Ended

Jun. 30, 2017

Notes to Financial Statements

New Accounting Pronouncements and Changes in Accounting Principles [Text Block]

2.	RECENT ACCOUNTING PRONOUNCEMENTS

From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (the FASB), which are adopted by us as of the specified effective date. Unless otherwise discussed, management believes that the impact of recently issued standards or other guidance updates, which are

not

yet effective, will

not

have a material impact on our consolidated financial statements upon adoption.

June 2016,

the FASB issued Accounting Standards Update (ASU)

2016

13,

“Financial Instruments – Credit Losses” (ASU

2016

). This new standard changes how companies will measure credit losses for most financial assets and certain other instruments that are

not

measured at fair value through net income. ASU

2016

is effective for financial statements issued for reporting periods beginning after

December 15, 2019

and interim periods within the reporting periods. We are currently evaluating the impact of this new standard on our consolidated financial statements.

March 2016,

the FASB issued ASU

2016

09,

“Improvements to Employee Share-Based Payment Accounting” (ASU

2016

). This new standard requires companies to recognize the income tax effects of awards in the income statement when the awards vest or are settled. ASU

2016

is effective for financial statements issued for reporting periods beginning after

December 15, 2016

and interim periods within the reporting periods. The changes to the accounting for forfeitures and excess tax benefits or deficiencies should be applied using a modified retrospective transition method with a cumulative-effect adjustment to retained earnings. Effective with our quarterly report on Form

-Q for the quarter ended

March 31, 2017,

we have adopted this standard effective

January 1, 2017.

Upon adoption of this standard, we

longer estimate forfeitures in advance and now recognize forfeitures as they occur and have reflected a cumulative effect adjustment of

$0.6

million to accumulated deficit in the accompanying unaudited consolidated balance sheet as of

June 30, 2017.

In addition, this new standard requires that companies classify the cash paid to a tax authority when shares are withheld to satisfy the employer’s statutory income tax withholding obligation as a financing activity. As a result of our withholding of shares for tax-withholding purposes, during the year ended

December 31, 2016,

we withheld approximately

68,000

shares at a total value of

$0.1

million. As a result of our adoption of ASU

2016

09,

we reclassified

$0.1

million of tax-withholdings from operating activities to financing activities on the accompanying unaudited consolidated statement of cash flows for the

six

months ended

June 30, 2016.

February 2016,

the FASB issued ASU

2016

02,

“Leases” (Topic

842

), which replaces the existing guidance for lease accounting, Leases (Topic

840

). ASU

2016

requires lessees to recognize a lease liability and a right-of-use asset for all leases with terms longer than

months.

The guidance is effective for financial statements issued for reporting periods beginning after

December 15, 2018

and interim periods within the reporting periods. An entity will be required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. We are currently evaluating the impact of this new standard on our consolidated financial statements.

May 2014,

the FASB issued ASU

2014

establishing Accounting Standards Codification (ASC) Topic

606,

“Revenue from Contracts with Customers” (ASC

606

). ASC

606

establishes a comprehensive new revenue recognition model designed to depict the transfer of goods or services to a customer in an amount that reflects the consideration the entity expects to be entitled to receive in exchange for those goods or services and requires significantly enhanced revenue disclosures. The standard is effective for annual and interim reporting periods beginning after

December 15, 2017.

Accordingly, we plan to adopt this standard in the

first

quarter of

2018.

ASC

606

allows either full retrospective or modified retrospective transition, and we currently plan to use the modified retrospective method of adoption.

We are continuing to evaluate the impact of this new standard on our consolidated financial statements upon adoption. Our evaluation includes performing a detailed review of key contracts representative of our different businesses and comparing historical accounting policies and practices to the new standard. Through the

second

quarter of

2017,

we have reviewed certain lodge and village contracts in our Canadian and Australian segments and based on our preliminary review of these contracts, we do

not

expect the new revenue recognition standard to have a material impact on our consolidated financial statements upon adoption.

Note 3 - Fair Value Measurements

6 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Fair Value Disclosures [Text Block]

3.	FAIR VALUE MEASUREMENTS

Our financial instruments consist of cash and cash equivalents, receivables, payables and debt instruments. We believe that the carrying values of these instruments on the accompanying consolidated balance sheets approximate their fair values.

As of

June 30, 2017

and

December 31, 2016,

we believe the carrying value of our floating-rate debt outstanding under our term loans and revolving credit facilities approximates fair value because the terms include short-term interest rates and exclude penalties for prepayment. We estimated the fair value of our floating-rate term loan and revolving credit facilities using significant other observable inputs, representative of a Level

fair value measurement, including terms and credit spreads for these loans.

During the

first

quarter of

2016,

we wrote down certain long-lived assets to fair value. Our estimates of fair value required us to use significant unobservable inputs, representative of Level

fair value measurements, including numerous assumptions with respect to future circumstances that might directly impact each of the relevant asset groups’ operations in the future and are therefore uncertain. These assumptions with respect to future circumstances included future oil, coal and natural gas prices, anticipated spending by our customers, the cost of capital, and industry and/or local market conditions.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Note 4 - Details of Selected Balance Sheet Accounts

6 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Supplemental Balance Sheet Disclosures [Text Block]

4.	DETAILS OF SELECTED BALANCE SHEET ACCOUNTS

Additional information regarding selected balance sheet accounts at

June 30, 2017

and

December 31, 2016

is presented below (in thousands):

	June 30, 2017			December 31, 201 6
Accounts receivable, net:
Trade	$	41,231		$	39,442
Unbilled revenue		18,695			16,063
Other		772			1,435
Total accounts receivable		60,698			56,940
Allowance for doubtful accounts		(576	)		(638	)
Total accounts receivable, net	$	60,122		$	56,302

	June 30, 2017		December 31, 201 6
Inventories:
Finished goods and purchased products	$	2,029	$	1,700
Work in process		535		3
Raw materials		1,336		1,409
Total inventories	$	3,900	$	3,112

CIVEO CORPORATION

NOTES TO UNAUDITED CONSOLIDATED

FINANCIAL STATEMENTS

(Continued)

	Estimated Useful Life (in years)			June 30, 2017			December 31, 201 6
Property, plant and equipment, net:
Land				$	43,270		$	41,122
Accommodations assets	3	-	15		1,616,565			1,554,986
Buildings and leasehold improvements	5	-	20		28,329			28,104
Machinery and equipment	4	-	5		9,968			9,667
Office furniture and equipment	3	-	7		53,289			29,948
Vehicles	5	-	5		14,979			14,725
Construction in progress					4,291			23,016
Total property, plant and equipment					1,770,691			1,701,568
Accumulated depreciation					(1,004,433	)		(911,858	)
Total property, plant and equipment, net				$	766,258		$	789,710

	June 30, 2017		December 31, 201 6
Accrued liabilities:
Accrued compensation	$	9,657	$	13,189
Accrued taxes, other than income taxes		1,196		917
Accrued interest		8		194
Other		852		522
Total accrued liabilities	$	11,713	$	14,822

Note 5 - Impairment Charges

6 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Asset Impairment Charges [Text Block]

5.	IMPAIRMENT CHARGES

Quarter ended

March 31, 2016.

During the

first

quarter of

2016,

we recorded an impairment expense of

$8.4

million, resulting from the impairment of fixed assets in our U.S. segment, due to a continued reduction of U.S. drilling activity in the Bakken Shale region. These fixed assets were written down to fair value of

$3.8

million. We assessed the carrying values of the relevant asset groups to determine if they continued to be recoverable based on estimated future cash flows. Based on that assessment, the carrying values were determined to

not

be recoverable, and we proceeded to compare the fair value of those assets groups to the respective carrying values.

Note 6 - Earnings Per Share

6 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Earnings Per Share [Text Block]

6.	EARNINGS PER SHARE

The calculation of earnings per share attributable to Civeo is presented below for the periods indicated (in thousands, except per share amounts):

	Three Months Ended						Six Months Ended
	J une 30,						J une 30,
	2017			201 6			2017			201 6
Basic Loss per Share
Net loss attributable to Civeo	$	(14,816	)	$	(11,486	)	$	(35,803	)	$	(38,308	)
Less: undistributed net income to participating securities		--			--			--			--
Net loss attributable to Civeo’s common shareholders - basic	$	(14,816	)	$	(11,486	)	$	(35,803	)	$	(38,308	)

Weighted average common shares outstanding - basic		130,692			107,033			125,796			106,923

Basic loss per share	$	(0.11	)	$	(0.11	)	$	(0.28	)	$	(0.36	)

Diluted Loss per Share
Net loss attributable to Civeo’s common shareholders - basic	$	(14,816	)	$	(11,486	)	$	(35,803	)	$	(38,308	)
Less: undistributed net income to participating securities		--			--			--			--
Net loss attributable to Civeo’s common shareholders - diluted	$	(14,816	)	$	(11,486	)	$	(35,803	)	$	(38,308	)

Weighted average common shares outstanding - basic		130,692			107,033			125,796			106,923
Effect of dilutive securities (1 )		--			--			--			--
Weighted average common shares outstanding - diluted		130,692			107,033			125,796			106,923

Diluted loss per share	$	(0.11	)	$	(0.11	)	$	(0.28	)	$	(0.36	)

(

)

three

and

six

months ended

June 30, 2017

and

2016.

In the

three

months ended

June 30, 2017

and

2016,

we excluded from the calculation

2.3

million and

1.5

million share based awards, respectively, since the effect would have been anti-dilutive. In the

six

months ended

June 30, 2017

and

2016,

we excluded from the calculation

2.1

million and

1.4

million share based awards, respectively, since the effect would have been anti-dilutive.

Note 7 - Debt

6 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Debt Disclosure [Text Block]

DEBT

As of

June 30, 2017

and

December 31, 2016,

long-term debt consisted of the following (in thousands):

	June 30, 2017		December 31, 2016
U.S. term loan, which matures on May 28, 2019; weighted average interest rate of 4.2% for the six-month period ended June 30, 2017	$	24,375	$	24,375
Canadian term loan, which matures on May 28, 2019; 1.25% of aggregate principal repayable per quarter; weighted average interest rate of 4.3% for the six-month period ended June 30, 2017		295,833		293,763
U.S. revolving credit facility, which matures on May 28, 2019, weighted average interest rate of 6.2% for the six-month period ended June 30, 2017		--		--
Canadian revolving credit facility, which matures on May 28, 2019, weighted average interest rate of 5.0% for the six-month period ended June 30, 2017		--		23,089
Canadian revolving credit facility, which matures on May 28, 2019, weighted average interest rate of 5.0% for the six-month period ended June 30, 2017		--		9,533
Australian revolving credit facility, which matures on May 28, 2019, weighted average interest rate of 5.0% for the six-month period ended June 30, 2017		--		6,507
		320,208		357,267
Less: Unamortized debt issuance costs		4,022		3,996
Total debt		316,186		353,271
Less: Current portion of long-term debt, including unamortized debt issuance costs, net		16,006		15,471
Long-term debt, less current maturities	$	300,180	$	337,800

We did

not

have any capitalized interest to net against interest expense for either of the

three

-month or

six

-month periods ended

June 30, 2017

2016.

Amended

Credit

Agreement

As of

December 31, 2016,

our Credit Agreement, as then amended to date, provided for: (i) a

$350.0

million, revolving credit facility scheduled to mature on

May 28, 2019,

allocated as follows: (A) a

$50.0

million senior secured revolving credit facility in favor of certain of our U.S. subsidiaries, as borrowers; (B) a

$100.0

million senior secured revolving credit facility in favor of Civeo and certain of our Canadian subsidiaries, as borrowers; (C) a

$100.0

million senior secured revolving credit facility in favor of Civeo, as borrower; and (D) a

$100.0

million senior secured revolving credit facility in favor of

one

of our Australian subsidiaries, as borrower; and (ii) a

$350.0

million term loan facility scheduled to mature on

May 28, 2019

in favor of Civeo.

February 17, 2017,

the

third

amendment to the Credit Agreement (as amended by the

third

amendment, the Amended Credit Agreement) became effective, which:

●

provided for the reduction by

$75

million of the aggregate revolving loan commitments under the Amended Credit Agreement, to a maximum principal amount of

$275

million, allocated as follows: (

) a

$40.0

million senior secured revolving credit facility in favor of certain of our U.S. subsidiaries, as borrowers; (

) a

$90.0

million senior secured revolving credit facility in favor of Civeo and certain of our Canadian subsidiaries, as borrowers; (

) a

$60.0

million senior secured revolving credit facility in favor of Civeo, as borrower; and (

) an

$85.0

million senior secured revolving credit facility in favor of

one

of our Australian subsidiaries, as borrower;

●

established

one

additional level to the total leverage-based grid such that the interest rates for the loans range from the London Interbank Offered Rate (LIBOR) plus

2.25%

to LIBOR plus

5.50%,

and increased the undrawn commitment fee from a range of

0.51%

1.13%

to a range of

0.51%

1.24%

based on total leverage;

●

adjusted the maximum leverage ratio financial covenant, as follows:

Period Ended	Maximum Leverage Ratio
June 30, 2017 (no change)	5.25	:	1.00
September 30, 2017	5.85	:	1.00
December 31, 2017	5.85	:	1.00
March 31, 2018	5.85	:	1.00
June 30, 2018	5.85	:	1.00
September 30, 2018	5.85	:	1.00
December 31, 2018	5.50	:	1.00
March 31, 2019 & thereafter	5.25	:	1.00

; and

●

provided for other technical changes and amendments to the Amended Credit Agreement.

U.S. dollar amounts outstanding under the facilities provided by the Amended Credit Agreement bear interest at a variable rate equal to LIBOR plus a margin of

2.25%

5.50%,

or a base rate plus

1.25%

4.50%,

in each case based on a ratio of our total leverage to EBITDA (as defined in the Amended Credit Agreement). Canadian dollar amounts outstanding bear interest at a variable rate equal to the Canadian Dollar Offered Rate plus a margin of

2.25%

5.50%,

or a base rate plus a margin of

1.25%

4.50%,

in each case based on a ratio of our consolidated total leverage to EBITDA. Australian dollar amounts outstanding under the Amended Credit Facility bear interest at a variable rate equal to the Bank Bill Swap Bid Rate plus a margin of

2.25%

5.50%,

based on a ratio of our consolidated total leverage to EBITDA.

The Amended Credit Agreement contains customary affirmative and negative covenants that, among other things, limit or restrict: (i) subsidiary indebtedness, liens and fundamental changes; (ii) asset sales; (iii) acquisitions of margin stock; (iv) specified acquisitions; (v) certain restrictive agreements; (vi) transactions with affiliates; and (vii) investments and other restricted payments, including dividends and other distributions. In addition, we must maintain an interest coverage ratio, defined as the ratio of consolidated EBITDA to consolidated interest expense, of at least

3.0

1.0

and our maximum leverage ratio, defined as the ratio of total debt to consolidated EBITDA, of

greater than

5.25

1.0

(as of

June 30, 2017).

As noted above, the permitted maximum leverage ratio changes over time. Each of the factors considered in the calculations of these ratios are defined in the Amended Credit Agreement. EBITDA and consolidated interest, as defined, exclude goodwill and asset impairments, debt discount amortization and other non-cash charges. We were in compliance with all of these covenants as of

June 30, 2017.

Borrowings under the Amended Credit Agreement are secured by a pledge of substantially all of our assets and the assets of our subsidiaries. The obligations under the Amended Credit Agreement are guaranteed by our significant subsidiaries.

There are

lenders that are parties to the Amended Credit Agreement, with commitments ranging from

$1.1

million to

$122.2

million.

Note 8 - Income Taxes

6 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Income Tax Disclosure [Text Block]

8.	INCOME TAXES

Our operations are conducted through various subsidiaries in a number of countries throughout the world. We have provided for income taxes based upon the tax laws and rates in the countries in which operations are conducted and income is earned.

We operate primarily in

three

jurisdictions, Canada

, Australia and the U.S., where statutory tax rates range from

27%

35%.

Our effective tax rate will vary from period to period based on changes in earnings mix between these different jurisdictions.

We compute our quarterly taxes under the effective tax rate method by applying an anticipated annual effective rate to our year-to-date income, except for significant unusual or extraordinary transactions. As Australia and the U.S. are now loss jurisdictions for tax accounting purposes, Australia and the U.S. have been removed from the annual effective tax rate computation for purposes of computing the interim tax provision. Income taxes for any significant and unusual or extraordinary transactions are computed and recorded in the period that the specific transaction occurs.

Our income tax benefit for the

six

months ended

June 30, 2017

totaled

$5.9

million, or

14.1%

of pretax loss, compared to a benefit of

$5.5

million, or

12.7%

of pretax loss, for the

six

months ended

June 30, 2016.

Our income tax benefit for the

three

months ended

June 30, 2017

totaled

$2.9

million, or

16.5%

of pretax loss, compared to a benefit of

$0.9

million, or

7.7%

of pretax loss, for the

three

months ended

June 30, 2016.

Our effective tax rate for the

six

months ended

June 30, 2017

and

2016

was reduced approximately

13%

and

18%,

respectively, by the exclusion of Australia and U.S. for purposes of computing the interim tax provision since they are loss jurisdictions for tax accounting purposes.

Note 9 - Commitments and Contingencies

6 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

9.	COMMITMENTS AND CONTINGENCIES

We are a party to various pending or threatened claims, lawsuits and administrative proceedings seeking damages or other remedies concerning our commercial operations, products, employees and other matters, including warranty and product liability claims as a result of our products or operations. Although we can give

assurance about the outcome of pending legal and administrative proceedings and the effect such outcomes

may

have on us, management believes that any ultimate liability resulting from the outcome of such proceedings, to the extent

not

otherwise provided for or covered by insurance, will

not

have a material adverse effect on our consolidated financial position, results of operations or liquidity.

Note 10 - Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

10.	ACCUMULATED OTHER COMPREHENSIVE LOSS

Our accumulated other comprehensive loss decreased

$24.0

million from

$362.9

million at

December 31, 2016

$338.9

million at

June 30, 2017,

as a result of foreign currency exchange rate fluctuations. Changes in other comprehensive loss during the

first

half of

2017

were primarily driven by the Australian dollar and Canadian dollar increasing in value compared to the U.S. dollar. Excluding intercompany balances, our Canadian dollar and Australian dollar functional currency net assets totaled approximately

C$0.2

billion and

A$0.5

billion, respectively, at

June 30, 2017.

Note 11 - Share Based Compensation

6 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

11.	S HARE BASED COMPENSATION

Our employees and non-employee directors participate in the Amended and Restated

2014

Equity Participation Plan of Civeo Corporation (the Civeo Plan). The Civeo Plan authorizes our Board of Directors and the Compensation Committee of our Board of Directors to approve grants of options, awards of restricted shares, performance awards and dividend equivalents, awards of deferred shares, and share payments to our employees and non-employee directors.

more than

14.0

million Civeo common shares

may

be awarded under the Civeo Plan.

Outstanding Awards

Options.

Compensation expense associated with options recognized in the

three

month periods ended

June 30, 2017

and

2016

totaled less than

$0.1

million and

zero

, respectively. Compensation expense associated with options recognized in the

six

month periods ended

June 30, 2017

and

2016

totaled less than $

0.1

million and

$0.1

million, respectively. At

June 30, 2017,

unrecognized compensation cost related to options was less than $

0.1

million, which is expected to be recognized over a weighted average period of

0.6

years.

Restricted S

hare

/ Deferred Share

Awards.

February 21, 2017,

we granted

1,322,934

restricted share awards and deferred share awards under the Civeo Plan, which vest in

three

equal annual installments beginning on

February 21, 2018.

March 21, 2017,

we granted

47,529

restricted share awards to

one

of our directors upon his appointment to our Board of Directors, which vest in their entirety on

March 21, 2018.

May 11, 2017,

we granted

243,190

restricted share awards to our other directors, which vest in their entirety on

May 11, 2018.

Compensation expense associated with restricted share awards and deferred share awards recognized in the

three

month periods ended

June 30, 2017

and

2016

totaled

$1.0

million and

$0.9

million, respectively. Compensation expense associated with restricted share awards and deferred share awards recognized in the

six

month periods ended

June 30, 2017

and

2016

totaled

$2.3

million and

$2.0

million, respectively. The total fair value of restricted share awards and deferred share awards that vested during the

three

months ended

June 30, 2017

and

2016

was

$1.1

million and

$0.3

million, respectively. The total fair value of restricted share awards and deferred share awards that vested during the

six

months ended

June 30, 2017

and

2016

was

$2.4

million and

$0.6

million, respectively.

June 30, 2017,

unrecognized compensation cost related to restricted share awards and deferred share awards was

$6.6

million, which is expected to be recognized over a weighted average period of

2.1

years.

Phantom Share

Awards

February 21, 2017,

we granted

351,022

phantom share awards under the Civeo Plan, which vest in

three

equal annual installments beginning on

February 21, 2018.

We also granted

163,617

phantom share awards under the Canadian Long-Term Incentive Plan, which vest in

three

equal annual installments beginning on

February 21, 2018.

During the

three

month periods ended

June 30, 2017

and

2016,

we recognized compensation expense associated with phantom shares totaling

$1.1

million and

$1.6

million, respectively. During the

six

month periods ended

June 30, 2017

and

2016,

we recognized compensation expense associated with phantom shares totaling

$4.1

million and

$1.8

million, respectively. At

June 30, 2017,

unrecognized compensation cost related to phantom shares was

$8.0

million, as remeasured at

June 30, 2017,

which is expected to be recognized over a weighted average period of

1.8

years.

Performance Awards

February 21, 2017,

we granted

762,497

performance awards under the Civeo Plan, which cliff vest in

three

years on

February 21, 2020.

These awards will be earned in amounts between

and

200%

of the participant’s target performance share award, based on the payout percentage associated with Civeo’s relative total shareholder return rank among a peer group that includes

other companies.

During the

three

month periods ended

June 30, 2017

and

2016,

we recognized compensation expense associated with performance awards totaling

$0.8

million and

$0.9

million, respectively. During the

six

month periods ended

June 30, 2017

and

2016,

we recognized compensation expense associated with performance awards totaling

$1.5

million and

$1.0

million, respectively. At

June 30, 2017,

unrecognized compensation cost related to performance shares was

$6.8

million, which is expected to be recognized over a weighted average period of

2.2

years.

Note 12 - Segment and Related Information

6 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

12.	SEGMENT AND RELATED INFORMATION

In accordance with current accounting standards regarding disclosures about segments of an enterprise and related information, we have identified the following reportable segments: Canada, Australia and U.S., which represent our strategic focus on workforce accommodations.

Financial information by business segment for each of the

three

and

six

months ended

June 30, 2017

and

2016

is summarized in the following table (in thousands):

	Total Revenues		Less: Intersegment Revenues		Revenues from unaffiliated customers		Depreciation and amortization			Operating income (loss)			Capital expenditures		Total assets
Three months ended June 30 , 201 7
Canada	$	57,668	$	--	$	57,668	$	17,559		$	(9,586	)	$	465	$	552,076
Australia		28,607		--		28,607		11,231			(3,416	)		600		383,715
United States		5,735		--		5,735		1,194			(3,604	)		212		30,978
Corporate and eliminations		--		--		--		1,570			3,239			877		(50,181	)
Total	$	92,010	$	--	$	92,010	$	31,554		$	(13,367	)	$	2,154	$	916,588

Three months ended June 30 , 201 6
Canada	$	77,107	$	--	$	77,107	$	21,453		$	683		$	446	$	636,008
Australia		27,505		--		27,505		11,434			(914	)		1,094		409,350
United States		2,423		--		2,423		1,282			(3,792	)		--		33,913
Corporate and eliminations		--		--		--		(1,001	)		(1,991	)		3,593		(27,741	)
Total	$	107,035	$	--	$	107,035	$	33,168		$	(6,014	)	$	5,133	$	1,051,530

Six months ended June 30 , 201 7
Canada	$	118,174	$	--	$	118,174	$	35,972		$	(14,592	)	$	1,516	$	552,076
Australia		55,623		--		55,623		23,053			(4,617	)		1,455		383,715
United States		9,642		--		9,642		2,384			(6,406	)		636		30,978
Corporate and eliminations		--		--		--		2,974			(5,484	)		2,430		(50,181	)
Total	$	183,439	$	--	$	183,439	$	64,383		$	(31,099	)	$	6,037	$	916,588

Six months ended June 30 , 201 6
Canada	$	142,629	$	--	$	142,629	$	41,792		$	(9,016	)	$	1,493	$	636,008
Australia		53,015		--		53,015		22,612			(2,536	)		1,701		409,350
United States		6,427		--		6,427		3,188			(17,391	)		--		33,913
Corporate and eliminations		--		--		--		(869	)		(3,268	)		6,699		(27,741	)
Total	$	202,071	$	--	$	202,071	$	66,723		$	(32,211	)	$	9,893	$	1,051,530

Note 4 - Details of Selected Balance Sheet Accounts (Tables)

6 Months Ended

Jun. 30, 2017

Notes Tables

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

	June 30, 2017			December 31, 201 6
Accounts receivable, net:
Trade	$	41,231		$	39,442
Unbilled revenue		18,695			16,063
Other		772			1,435
Total accounts receivable		60,698			56,940
Allowance for doubtful accounts		(576	)		(638	)
Total accounts receivable, net	$	60,122		$	56,302

Schedule of Inventory, Current [Table Text Block]

	June 30, 2017		December 31, 201 6
Inventories:
Finished goods and purchased products	$	2,029	$	1,700
Work in process		535		3
Raw materials		1,336		1,409
Total inventories	$	3,900	$	3,112

Property, Plant and Equipment [Table Text Block]

	Estimated Useful Life (in years)			June 30, 2017			December 31, 201 6
Property, plant and equipment, net:
Land				$	43,270		$	41,122
Accommodations assets	3	-	15		1,616,565			1,554,986
Buildings and leasehold improvements	5	-	20		28,329			28,104
Machinery and equipment	4	-	5		9,968			9,667
Office furniture and equipment	3	-	7		53,289			29,948
Vehicles	5	-	5		14,979			14,725
Construction in progress					4,291			23,016
Total property, plant and equipment					1,770,691			1,701,568
Accumulated depreciation					(1,004,433	)		(911,858	)
Total property, plant and equipment, net				$	766,258		$	789,710

Schedule of Accrued Liabilities [Table Text Block]

	June 30, 2017		December 31, 201 6
Accrued liabilities:
Accrued compensation	$	9,657	$	13,189
Accrued taxes, other than income taxes		1,196		917
Accrued interest		8		194
Other		852		522
Total accrued liabilities	$	11,713	$	14,822

Note 6 - Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2017

Notes Tables

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	Three Months Ended						Six Months Ended
	J une 30,						J une 30,
	2017			201 6			2017			201 6
Basic Loss per Share
Net loss attributable to Civeo	$	(14,816	)	$	(11,486	)	$	(35,803	)	$	(38,308	)
Less: undistributed net income to participating securities		--			--			--			--
Net loss attributable to Civeo’s common shareholders - basic	$	(14,816	)	$	(11,486	)	$	(35,803	)	$	(38,308	)

Weighted average common shares outstanding - basic		130,692			107,033			125,796			106,923

Basic loss per share	$	(0.11	)	$	(0.11	)	$	(0.28	)	$	(0.36	)

Diluted Loss per Share
Net loss attributable to Civeo’s common shareholders - basic	$	(14,816	)	$	(11,486	)	$	(35,803	)	$	(38,308	)
Less: undistributed net income to participating securities		--			--			--			--
Net loss attributable to Civeo’s common shareholders - diluted	$	(14,816	)	$	(11,486	)	$	(35,803	)	$	(38,308	)

Weighted average common shares outstanding - basic		130,692			107,033			125,796			106,923
Effect of dilutive securities (1 )		--			--			--			--
Weighted average common shares outstanding - diluted		130,692			107,033			125,796			106,923

Diluted loss per share	$	(0.11	)	$	(0.11	)	$	(0.28	)	$	(0.36	)

Note 7 - Debt (Tables)

6 Months Ended

Jun. 30, 2017

Notes Tables

Schedule of Long-term Debt Instruments [Table Text Block]

	June 30, 2017		December 31, 2016
U.S. term loan, which matures on May 28, 2019; weighted average interest rate of 4.2% for the six-month period ended June 30, 2017	$	24,375	$	24,375
Canadian term loan, which matures on May 28, 2019; 1.25% of aggregate principal repayable per quarter; weighted average interest rate of 4.3% for the six-month period ended June 30, 2017		295,833		293,763
U.S. revolving credit facility, which matures on May 28, 2019, weighted average interest rate of 6.2% for the six-month period ended June 30, 2017		--		--
Canadian revolving credit facility, which matures on May 28, 2019, weighted average interest rate of 5.0% for the six-month period ended June 30, 2017		--		23,089
Canadian revolving credit facility, which matures on May 28, 2019, weighted average interest rate of 5.0% for the six-month period ended June 30, 2017		--		9,533
Australian revolving credit facility, which matures on May 28, 2019, weighted average interest rate of 5.0% for the six-month period ended June 30, 2017		--		6,507
		320,208		357,267
Less: Unamortized debt issuance costs		4,022		3,996
Total debt		316,186		353,271
Less: Current portion of long-term debt, including unamortized debt issuance costs, net		16,006		15,471
Long-term debt, less current maturities	$	300,180	$	337,800

Schedule Of Changes In Maximum Leverage Ratio [Table Text Block]

Period Ended	Maximum Leverage Ratio
June 30, 2017 (no change)	5.25	:	1.00
September 30, 2017	5.85	:	1.00
December 31, 2017	5.85	:	1.00
March 31, 2018	5.85	:	1.00
June 30, 2018	5.85	:	1.00
September 30, 2018	5.85	:	1.00
December 31, 2018	5.50	:	1.00
March 31, 2019 & thereafter	5.25	:	1.00

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21521-112644

+ Details

Note 12 - Segment and Related Information (Tables)

6 Months Ended

Jun. 30, 2017

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Total Revenues		Less: Intersegment Revenues		Revenues from unaffiliated customers		Depreciation and amortization			Operating income (loss)			Capital expenditures		Total assets
Three months ended June 30 , 201 7
Canada	$	57,668	$	--	$	57,668	$	17,559		$	(9,586	)	$	465	$	552,076
Australia		28,607		--		28,607		11,231			(3,416	)		600		383,715
United States		5,735		--		5,735		1,194			(3,604	)		212		30,978
Corporate and eliminations		--		--		--		1,570			3,239			877		(50,181	)
Total	$	92,010	$	--	$	92,010	$	31,554		$	(13,367	)	$	2,154	$	916,588

Three months ended June 30 , 201 6
Canada	$	77,107	$	--	$	77,107	$	21,453		$	683		$	446	$	636,008
Australia		27,505		--		27,505		11,434			(914	)		1,094		409,350
United States		2,423		--		2,423		1,282			(3,792	)		--		33,913
Corporate and eliminations		--		--		--		(1,001	)		(1,991	)		3,593		(27,741	)
Total	$	107,035	$	--	$	107,035	$	33,168		$	(6,014	)	$	5,133	$	1,051,530

Six months ended June 30 , 201 7
Canada	$	118,174	$	--	$	118,174	$	35,972		$	(14,592	)	$	1,516	$	552,076
Australia		55,623		--		55,623		23,053			(4,617	)		1,455		383,715
United States		9,642		--		9,642		2,384			(6,406	)		636		30,978
Corporate and eliminations		--		--		--		2,974			(5,484	)		2,430		(50,181	)
Total	$	183,439	$	--	$	183,439	$	64,383		$	(31,099	)	$	6,037	$	916,588

Six months ended June 30 , 201 6
Canada	$	142,629	$	--	$	142,629	$	41,792		$	(9,016	)	$	1,493	$	636,008
Australia		53,015		--		53,015		22,612			(2,536	)		1,701		409,350
United States		6,427		--		6,427		3,188			(17,391	)		--		33,913
Corporate and eliminations		--		--		--		(869	)		(3,268	)		6,699		(27,741	)
Total	$	202,071	$	--	$	202,071	$	66,723		$	(32,211	)	$	9,893	$	1,051,530

Note 1 - Description of Business and Basis of Presentation (Details Textual) $ / shares in Units, $ in Thousands		6 Months Ended
	Feb. 07, 2017 USD ($) $ / shares shares	Jun. 30, 2017 USD ($)
Number of Reportable Segments		3
Stock Issued During Period, Value, New Issues		$ 64,817
Public Offering [Member]
Stock Issued During Period, Shares, New Issues \| shares	23,000,000
Share Price \| $ / shares	$ 3
Stock Issued During Period, Value, New Issues	$ 64,800

Note 2 - Recent Accounting Pronouncements (Details Textual) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Shares Paid for Tax Withholding for Share Based Compensation		68,000
Adjustments Related to Tax Withholding for Share-based Compensation		$ 100
Reclassification of Tax Withholdings from Operating Activities to Financing Activities [Member] \| Six Months Ended June 30, 2016 [Member]
Prior Period Reclassification Adjustment	$ 100
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	$ (636)

Note 4 - Details of Selected Balance Sheet Accounts - Accounts Receivable (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Accounts receivable, net:
Accounts Receivable, Gross, Current	$ 60,698	$ 56,940
Allowance for doubtful accounts	(576)	(638)
Total accounts receivable, net	60,122	56,302
Trade Accounts Receivable [Member]
Accounts receivable, net:
Accounts Receivable, Gross, Current	41,231	39,442
Unbilled Revenue [Member]
Accounts receivable, net:
Accounts Receivable, Gross, Current	18,695	16,063
Other Receivable [Member]
Accounts receivable, net:
Accounts Receivable, Gross, Current	$ 772	$ 1,435

Note 4 - Details of Selected Balance Sheet Accounts - Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Inventories:
Finished goods and purchased products	$ 2,029	$ 1,700
Work in process	535	3
Raw materials	1,336	1,409
Total inventories	$ 3,900	$ 3,112

Note 4 - Details of Selected Balance Sheet Accounts - Property, Plant and Equipment (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Property, Plant, and Equipment, Gross	$ 1,770,691	$ 1,701,568
Accumulated depreciation	(1,004,433)	(911,858)
Total property, plant and equipment, net	766,258	789,710
Land [Member]
Property, Plant, and Equipment, Gross	43,270	41,122
Accommodations Assets [Member]
Property, Plant, and Equipment, Gross	$ 1,616,565	1,554,986
Accommodations Assets [Member] \| Minimum [Member]
Property, Plant, and Equipment, Useful Life (Year)	3 years
Accommodations Assets [Member] \| Maximum [Member]
Property, Plant, and Equipment, Useful Life (Year)	15 years
Building and Building Improvements [Member]
Property, Plant, and Equipment, Gross	$ 28,329	28,104
Building and Building Improvements [Member] \| Minimum [Member]
Property, Plant, and Equipment, Useful Life (Year)	5 years
Building and Building Improvements [Member] \| Maximum [Member]
Property, Plant, and Equipment, Useful Life (Year)	20 years
Machinery and Equipment [Member]
Property, Plant, and Equipment, Gross	$ 9,968	9,667
Machinery and Equipment [Member] \| Minimum [Member]
Property, Plant, and Equipment, Useful Life (Year)	4 years
Machinery and Equipment [Member] \| Maximum [Member]
Property, Plant, and Equipment, Useful Life (Year)	5 years
Furniture and Fixtures [Member]
Property, Plant, and Equipment, Gross	$ 53,289	29,948
Furniture and Fixtures [Member] \| Minimum [Member]
Property, Plant, and Equipment, Useful Life (Year)	3 years
Furniture and Fixtures [Member] \| Maximum [Member]
Property, Plant, and Equipment, Useful Life (Year)	7 years
Vehicles [Member]
Property, Plant, and Equipment, Gross	$ 14,979	14,725
Vehicles [Member] \| Minimum [Member]
Property, Plant, and Equipment, Useful Life (Year)	5 years
Vehicles [Member] \| Maximum [Member]
Property, Plant, and Equipment, Useful Life (Year)	5 years
Construction in Progress [Member]
Property, Plant, and Equipment, Gross	$ 4,291	$ 23,016

Note 4 - Details of Selected Balance Sheet Accounts - Accrued Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Accrued liabilities:
Accrued compensation	$ 9,657	$ 13,189
Accrued taxes, other than income taxes	1,196	917
Accrued interest	8	194
Other	852	522
Total accrued liabilities	$ 11,713	$ 14,822

Note 5 - Impairment Charges (Details Textual) - Johnstown Facility [Member] $ in Millions	3 Months Ended
	Mar. 31, 2016 USD ($)
Impairment of Long-Lived Assets to be Disposed of	$ 8.4
Impairment of Long-Lived Assets Held-for-use	$ 3.8

Note 6 - Earnings Per Share (Details Textual) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	2.3	1.5	2.1	1.4

Note 6 - Earnings Per Share - Calculation of Earnings Per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands

3 Months Ended

6 Months Ended

Jun. 30, 2017

Jun. 30, 2016

Jun. 30, 2017

Jun. 30, 2016

Net loss attributable to Civeo

$ (14,816)

$ (11,486)

$ (35,803)

$ (38,308)

Less: undistributed net income to participating securities

Net loss attributable to Civeo’s common shareholders - basic

(14,816)

(11,486)

(35,803)

(38,308)

Net loss attributable to Civeo’s common shareholders - basic

(14,816)

(11,486)

(35,803)

(38,308)

Less: undistributed net income to participating securities

Net loss attributable to Civeo’s common shareholders - diluted

$ (14,816)

$ (11,486)

$ (35,803)

$ (38,308)

Weighted average common shares outstanding - basic (in shares)

130,692

107,033

125,796

106,923

Basic net loss per share attributable to Civeo Corporation common shareholders (in dollars per share)

$ (0.11)

$ (0.28)

$ (0.36)

Effect of dilutive securities (1) (in shares)

^[1]

Weighted average common shares outstanding - diluted (in shares)

130,692

107,033

125,796

106,923

Diluted net loss per share attributable to Civeo Corporation common shareholders (in dollars per share)

$ (0.11)

$ (0.28)

$ (0.36)

[1]

When an entity has a net loss from continuing operations, it is prohibited from including potential common shares in the computation of diluted per share amounts. Accordingly, we have utilized the basic shares outstanding amount to calculate both basic and diluted loss per share for the three months ended March 31, 2017 and 2016. In the three months ended March 31, 2017 and 2016, we excluded from the calculation 1.8 million and 1.4 million share based awards, respectively, since the effect would have been anti-dilutive.

Note 7 - Debt (Details Textual) $ in Thousands		3 Months Ended		6 Months Ended
Note 7 - Debt (Details Textual) $ in Thousands	Feb. 17, 2017 USD ($)	Jun. 30, 2017 USD ($)	Jun. 30, 2016 USD ($)	Jun. 30, 2017 USD ($)	Jun. 30, 2016 USD ($)	Dec. 31, 2016 USD ($)
Interest Coverage Ratio				3
Leverage Ratio				5.25
Number of Lenders		15		15
Interest Costs Capitalized Adjustment		$ 0	$ 0	$ 0	$ 0
Minimum [Member]
Lender Commitments, Within Credit Agreement		1,100		1,100
Maximum [Member]
Lender Commitments, Within Credit Agreement		$ 122,200		$ 122,200
Third Amended Credit Facility [Member] \| Minimum [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.51%
Third Amended Credit Facility [Member] \| Maximum [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	1.24%
Third Amended Credit Facility [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	2.25%
Third Amended Credit Facility [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	5.50%
Second Amendment [Member] \| Minimum [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.51%
Second Amendment [Member] \| Maximum [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	1.13%
US Term Loan [Member]
Debt Instrument, Face Amount						$ 350,000
Line of Credit [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| Minimum [Member] \| United States of America, Dollars
Debt Instrument, Basis Spread on Variable Rate	2.25%
Line of Credit [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| Maximum [Member] \| United States of America, Dollars
Debt Instrument, Basis Spread on Variable Rate	5.50%
Line of Credit [Member] \| Base Rate [Member] \| Minimum [Member] \| United States of America, Dollars
Debt Instrument, Basis Spread on Variable Rate	1.25%
Line of Credit [Member] \| Base Rate [Member] \| Minimum [Member] \| Canada, Dollars
Debt Instrument, Basis Spread on Variable Rate	1.25%
Line of Credit [Member] \| Base Rate [Member] \| Maximum [Member] \| United States of America, Dollars
Debt Instrument, Basis Spread on Variable Rate	4.50%
Line of Credit [Member] \| Base Rate [Member] \| Maximum [Member] \| Canada, Dollars
Debt Instrument, Basis Spread on Variable Rate	4.50%
Line of Credit [Member] \| Canadian Dealer Offered Rate (CDOR) [Member] \| Minimum [Member] \| Canada, Dollars
Debt Instrument, Basis Spread on Variable Rate	2.25%
Line of Credit [Member] \| Canadian Dealer Offered Rate (CDOR) [Member] \| Maximum [Member] \| Canada, Dollars
Debt Instrument, Basis Spread on Variable Rate	5.50%
Line of Credit [Member] \| Bank Bill Swap Bid Rate (BBSY) [Member] \| Minimum [Member] \| Australia, Dollars
Debt Instrument, Basis Spread on Variable Rate	2.25%
Line of Credit [Member] \| Bank Bill Swap Bid Rate (BBSY) [Member] \| Maximum [Member] \| Australia, Dollars
Debt Instrument, Basis Spread on Variable Rate	5.50%
Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity						350,000
Revolving Credit Facility [Member] \| Third Amended Credit Facility [Member]
Line of Credit Facility, Increase (Decrease), Net	$ (75,000)
Line of Credit Facility, Maximum Borrowing Capacity	275,000
U.S. Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity						50,000
U.S. Facility [Member] \| Third Amended Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	40,000
Canadian Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity						100,000
Canadian Credit Facility [Member] \| Third Amended Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	90,000
Canadian Credit Facility 2 [Member]
Line of Credit Facility, Maximum Borrowing Capacity						100,000
Canadian Credit Facility 2 [Member] \| Third Amended Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	60,000
Australian Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity						$ 100,000
Australian Credit Facility [Member] \| Third Amended Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 85,000

Note 7 - Debt - Long-term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Term loan	$ 320,208	$ 357,267
Less: Unamortized debt issuance costs	4,022	3,996
Total debt	316,186	353,271
Less: Current portion of long-term debt, including unamortized debt issuance costs, net	16,006	15,471
Long-term debt, less current maturities	300,180	337,800
US Term Loan [Member]
Term loan	24,375	24,375
Canadian Term Loan [Member]
Term loan	295,833	293,763
US Revolving Credit Facility [Member]
Term loan
Canadian Credit Facility 1 [Member]
Term loan		23,089
Canadian Credit Facility 2 [Member]
Term loan		9,533
Australian Credit Facility [Member]
Term loan		$ 6,507

Note 7 - Debt - Long-term Debt (Details) (Parentheticals)	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
US Term Loan [Member]
Term loan, maturity	May 28, 2019	May 28, 2019
Term loan, weighted-average interest rate	4.20%	4.20%
Canadian Term Loan [Member]
Term loan, maturity	May 28, 2019	May 28, 2019
Term loan, interest rate	1.25%	1.25%
Term loan, weighted-average interest rate	4.30%	4.30%
US Revolving Credit Facility [Member]
Term loan, maturity	May 28, 2019	May 28, 2019
Term loan, weighted-average interest rate	6.20%	6.20%
Canadian Credit Facility 1 [Member]
Term loan, maturity	May 28, 2019	May 28, 2019
Term loan, weighted-average interest rate	5.00%	5.00%
Canadian Credit Facility 2 [Member]
Term loan, maturity	May 28, 2019	May 28, 2019
Term loan, weighted-average interest rate	5.00%	5.00%
Australian Credit Facility [Member]
Term loan, maturity	May 28, 2019	May 28, 2019
Term loan, weighted-average interest rate	5.00%	5.00%

Note 7 - Debt - Changes to Maximum Leverage Ratio (Details)	6 Months Ended
	Jun. 30, 2017
Maximum Leverage Ratio	5.25
December 31, 2016 [Member]
Maximum Leverage Ratio	5.25
March 31, 2017 [Member]
Maximum Leverage Ratio	5.85
June 30, 2017 [Member]
Maximum Leverage Ratio	5.85
September 30, 2017 [Member]
Maximum Leverage Ratio	5.85
December 31, 2017 [Member]
Maximum Leverage Ratio	5.85
March 31, 2018 [Member]
Maximum Leverage Ratio	5.85
June 30, 2018 [Member]
Maximum Leverage Ratio	5.5
March 31, 2019 & Thereafter [Member]
Maximum Leverage Ratio	5.25

Note 8 - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income Tax Expense (Benefit)	$ (2,916)	$ (949)	$ (5,864)	$ (5,520)
Effective Income Tax Rate Reconciliation, Percent	16.50%	7.70%	14.10%	12.70%
Effective Income Tax Rate Reconciliation, Interim Tax Provison, Percent			(13.00%)	(18.00%)
Minimum [Member]
Statutory Tax Rate, Foreign and Domestic	27.00%		27.00%
Maximum [Member]
Statutory Tax Rate, Foreign and Domestic	35.00%		35.00%

Note 10 - Accumulated Other Comprehensive Loss (Details Textual) $ in Thousands, $ in Billions, $ in Billions	Jun. 30, 2017 USD ($)	Jun. 30, 2017 CAD ($)	Jun. 30, 2017 AUD ($)	Dec. 31, 2016 USD ($)
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	$ (24,000)
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (338,903)			$ (362,930)
Translation Adjustment Functional to Reporting Currency, Net of Tax		$ 0.2	$ 0.5

Note 11 - Share Based Compensation (Details Textual) $ in Thousands				3 Months Ended		6 Months Ended
	May 11, 2017 shares	Mar. 21, 2017 shares	Feb. 21, 2017 shares	Jun. 30, 2017 USD ($) shares	Jun. 30, 2016 USD ($)	Jun. 30, 2017 USD ($) shares	Jun. 30, 2016 USD ($)
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition						219 days
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized \| shares				14,000,000		14,000,000
Allocated Share-based Compensation Expense				$ 100	$ 0	$ 100	$ 100
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized				100		100
Restricted Stock and Deferred Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value				1,100	300	2,400	600
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options				6,600		$ 6,600
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition						2 years 36 days
Allocated Share-based Compensation Expense				1,000	900	$ 2,300	2,000
Phantom Share Units (PSUs) [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition						1 year 292 days
Allocated Share-based Compensation Expense				1,100	1,600	$ 4,100	1,800
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized				8,000		$ 8,000
Performance Shares [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition						2 years 73 days
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized				6,800		$ 6,800
Civeo Plan [Member] \| Restricted Stock and Deferred Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period \| shares			1,322,934
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			3 years
Civeo Plan [Member] \| Restricted Stock [Member] \| Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period \| shares	243,190	47,529
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period \| shares	243,190	47,529
Civeo Plan [Member] \| Phantom Share Units (PSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period \| shares			351,022
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			3 years
Civeo Plan [Member] \| Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period \| shares			762,497
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			3 years
Peer Group, Number of Companies			14
Allocated Share-based Compensation Expense				$ 800	$ 900	$ 1,500	$ 1,000
Civeo Plan [Member] \| Performance Shares [Member] \| Minimum [Member]
Target Performance Share Award, Percentage			0.00%
Civeo Plan [Member] \| Performance Shares [Member] \| Maximum [Member]
Target Performance Share Award, Percentage			200.00%
Canadian Long-Term Incentive Plan [Member] \| Phantom Share Units (PSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period \| shares			163,617
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			3 years

Note 12 - Segment and Related Information - Financial Information by Business Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Depreciation and amortization	$ 31,554	$ 33,168	$ 64,383	$ 66,723
Operating income (loss)	(13,367)	(6,014)	(31,099)	(32,211)
Capital expenditures	2,154	5,133	6,037	9,893
Total assets	916,588	1,051,530	916,588	1,051,530	$ 910,446
Total Revenues	92,010	107,035	183,439	202,071
Operating Segments [Member]
Total Revenues	92,010	107,035	183,439	202,071
Intersegment Eliminations [Member]
Total Revenues
Canadian Segment [Member]
Depreciation and amortization	17,559	21,453	35,972	41,792
Operating income (loss)	(9,586)	683	(14,592)	(9,016)
Capital expenditures	465	446	1,516	1,493
Total assets	552,076	636,008	552,076	636,008
Total Revenues	57,668	77,107	118,174	142,629
Canadian Segment [Member] \| Operating Segments [Member]
Total Revenues	57,668	77,107	118,174	142,629
Canadian Segment [Member] \| Intersegment Eliminations [Member]
Total Revenues
Australian Segment [Member]
Depreciation and amortization	11,231	11,434	23,053	22,612
Operating income (loss)	(3,416)	(914)	(4,617)	(2,536)
Capital expenditures	600	1,094	1,455	1,701
Total assets	383,715	409,350	383,715	409,350
Total Revenues	28,607	27,505	55,623	53,015
Australian Segment [Member] \| Operating Segments [Member]
Total Revenues	28,607	27,505	55,623	53,015
Australian Segment [Member] \| Intersegment Eliminations [Member]
Total Revenues
US Segment [Member]
Depreciation and amortization	1,194	1,282	2,384	3,188
Operating income (loss)	(3,604)	(3,792)	(6,406)	(17,391)
Capital expenditures	212		636
Total assets	30,978	33,913	30,978	33,913
Total Revenues	5,735	2,423	9,642	6,427
US Segment [Member] \| Operating Segments [Member]
Total Revenues	5,735	2,423	9,642	6,427
US Segment [Member] \| Intersegment Eliminations [Member]
Total Revenues
Corporate and Other [Member]
Depreciation and amortization	1,570	(1,001)	2,974	(869)
Operating income (loss)	3,239	(1,991)	(5,484)	(3,268)
Capital expenditures	877	3,593	2,430	6,699
Total assets	(50,181)	(27,741)	(50,181)	(27,741)
Total Revenues
Corporate and Other [Member] \| Operating Segments [Member]
Total Revenues
Corporate and Other [Member] \| Intersegment Eliminations [Member]
Total Revenues