For offshore drillers, we have experienced what I call “Eight Years of Winter.” Now, however, I’m pleased to say that in the offshore drilling industry, we are definitely well into springtime, and speeding toward what, by all accounts, appears to be a warm and sustained summer. For the past eight years, every player in our industry has had to do everything possible to adapt and survive. Now, FINALLY, we are experiencing improving utilization and strengthening dayrates, due to the tightening supply of the most coveted high-specification assets in key markets.
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