Sofia Forestieri
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08 Jul 2026
From Fixtures to Values: Where the Jackup Recovery Is Already Being Priced
Premium jackup dayrates have improved from 2025 lows and are now holding within a higher range, but pricing remains uneven across fixtures and geographies. That is important, but dayrates are only the starting point. On their own, they say very little about how much of that recovery is already priced into company valuations.© EsgianEsgian rig values suggest that the market has already started to move.
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09 Mar 2026
Caspian Sea Jackup Market: Locked-In Supply Shapes Utilization and Dayrates
Unlike larger jackup regions where scale provides greater flexibility, relatively minor changes in supply can have an outsized impact. The availability, reactivation, or retirement of a single rig can materially shift utilisation levels, dayrate negotiations, and contracting dynamics, often with limited visibility.There are currently five jackups drilling in the region, operating across Turkmenistan, Azerbaijan, and Iran.
