Petronas Carigali Awards Offshore Drilling Contract to Velesto

OE Staff
Friday, March 11, 2022

Malaysian oil and gas company Petronas Carigali, a subsidiary of Petronas, has awarded a two-year contract to Velesto Energy's subsidiary Velesto Drilling for the provision of jack-up drilling rigs.

The contract, which covers a suite of Velesto's NAGA jack-up rigs, will see the drilling firm provide its jack-ups to Petronas Carigali on a "call out" basis by Petronas Carigali, subject to the rig availability and suitability based on Petronas Carigali's requirement.

The two-year firm deal is expected to start in the first quarter of 2022 and includes two one-year extension options.

Velesto's NAGA rigs (NAGA 2, NAGA 3, NAGA 4, NAGA 5, NAGA 6, NAGA 8) all have a maximum drilling depth capability of 30,000 feet (9144 meters), with operating maximum water depth ranging between 350 feet (106.68 meters) and 400 feet (121.92 meters). 

Velesto did not say how much it expected to earn during the contract tenure.

Back in October 2021, Velesto received a letter of award from Petronas Carigali for the jack-up drilling rig NAGA 2.

It was then said that Petronas Carigali would, from December, use the Naga 2 rig to drill five wells, under the contract worth $12,4 million.

The Naga 2 is a jack-up rig with a drilling depth capability of 30,000 feet (9144 meters) and has a rated operating water depth of 350 feet (106.68 meters.)

Categories: Energy Drilling Industry News Activity Asia Shallow Water Drilling Rigs

Related Stories

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Japanese Oil and Gas Firm Enters Two Blocks off Malaysia

Woodside Agrees Long-Term LNG Supply with Petronas Unit

Valeura Concludes Eight-Well Drilling Campaign in Gulf of Thailand

Velesto’s Jack-Up Rig Up for Drilling Job Offshore Vietnam

Turkey Discovers New Black Sea Gas Reserve

Jadestone Submits Field Development Plan for Assets Off Vietnam

Shell Hires Noble’s Drillship for Work in Southeast Asia

Current News

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Japanese Oil and Gas Firm Enters Two Blocks off Malaysia

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

Woodside Agrees Long-Term LNG Supply with Petronas Unit

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