The value of jackup rigs has increased by 36% over the last year due sustained strength shown in the oil price, according to analytical website vesselsvalue.com.
Its fixed age value for a five-year-old jackup is now at $95.14million, compared to $69.9 million in January 2017.
The analysts say the continued strength shown in the oil price has seen an increase in demand for offshore equipment, and expect exploration and production spending to also increase.
They added that, while there has been no new MODU newbuilding order since July 2015, the resale market for jackup newbuilds increased over last year.
18 newbuild rig contracts were resold, compared to a total of 25 resold in the five years previous.