From the Website:
John Fredriksen, Chairman and President of Seadrill Limited, says in a comment, "These newbuilds position us for additional growth in a strengthening jack-up market, providing further earnings upside for Seadrill. The premium jack-up market continues to demonstrate strength as evidenced by increasing dayrates and utilizations. Customers continue show preference for newer units from drilling contractors with proven track records of safe and efficient operations. Currently 312 jack-ups or 65% of the total fleet of 483 jack-ups are older than 25 years. These two new firm orders increases our fleet of modern jack-ups to 25 rigs with an average age of 3 years, and further strengthens our position as the leading operator of premium modern, high-quality drilling units.