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Why build a Rolls Royce when a BMW will do ?• Middle East and India are the fastest growing jack-up markets in theworld• More than 90% of acreage relevant for jack-ups can be drilled by 300ftunits• As evidenced by the latest ME contracts, dayrates for a 27 year old300ft jack-up on long term contracts have been secured at levels only17% below the most capable 350-400ft newbuilds• Current all-in project price for the <strong>Mosvold</strong> units is 27% less than thelast 350-400 ft jack-up (drilling) newbuild ordered3
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