Velesto Bags Contracts from Petronas Carigali

Laxman Pai
Monday, September 9, 2019

Malaysia-based Velesto Drilling, indirect wholly- owned unit of Velesto Energy Bhd’s (VEB), has received a letter of award from Petronas Carigali Sdn Bhd (PCSB) for the provision of jack-up drilling rig Naga 7.

In a filing with Bursa Malaysia, the company said the contract worth an estimated US$8 million  is for the provision of drilling rig services for PCSB’s drilling program, which is expected to commence in the third quarter of 2019.

The Malaysian offshore drilling and services provider said that the contract is expected to contribute positively towards the earnings and net assets of Velesto Group during the contract period for the financial period ending December 31, 2019.

“VEB is of the opinion that the award of the contract is in the best interests of VEB Group, ” it added.
 
Naga 7, which  will drill two firm wells, is a three-legged 375ft independent leg jack-up cantilever rig designed by GustoMSC. The rig is capable to drill at 375ft water depth and deep drilling of 30,000ft.

Categories: Offshore Energy Drilling Contract Drillships

Related Stories

Hanwha Drilling’s Tidal Action Drillship En Route to Petrobras’ Roncador Field

Hanwha Drilling’s Tidal Action Drillship En Route to Petrobras’ Roncador Field

CNOOC Puts Into Production New Oil Field in South China Sea

CNOOC Puts Into Production New Oil Field in South China Sea

Hanwha Ocean Marks Entry into Deepwater Drilling Market with First Drillship

Hanwha Ocean Marks Entry into Deepwater Drilling Market with First Drillship

Borr Drilling Bags Three New Assignments for its Jack-Up Drilling Rigs

Borr Drilling Bags Three New Assignments for its Jack-Up Drilling Rigs

Eneos Scoops Jack-Up Drilling Contract Offshore Vietnam

Eneos Scoops Jack-Up Drilling Contract Offshore Vietnam

Shell Hires Noble’s Drillship for Work in Southeast Asia

Shell Hires Noble’s Drillship for Work in Southeast Asia

MODEC and Samsung Team Up to Install Carbon Capture Tech on FPSO

MODEC and Samsung Team Up to Install Carbon Capture Tech on FPSO

Initial Drilling Results Raise Questions on South Korea’s Offshore Gas Viability

Initial Drilling Results Raise Questions on South Korea’s Offshore Gas Viability

US Operator Finds Oil Offshore Vietnam

US Operator Finds Oil Offshore Vietnam

ADES’ Fourth Suspended Jack-Up Rig Gets Work Offshore Thailand

ADES’ Fourth Suspended Jack-Up Rig Gets Work Offshore Thailand

Current News

Shell-Reliance-ONGC JV Complete India’s First Offshore Decom Project

The Future of Long-Idle Drillships: Cold-Stacked or Dead-Stacked?

TMC Books Compressors Orders for FPSO and LNG Vessels

MODEC, Sumitomo Partner Up for Delivery of Gato do Mato FPSO

Chuditch Gas Field Up for Summer Drilling Ops as Sunda Reshapes Ownership Structure

EnQuest Bags Two Production Sharing Contracts off Indonesia

Hanwha Drilling’s Tidal Action Drillship En Route to Petrobras’ Roncador Field

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

MODEC Wins ExxonMobil Guyana’s Hammerhead FPSO Contract

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

photo

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com