Velesto Unveils PTTEP Jack-up Drilling Deal

OE Staff
Tuesday, July 11, 2023

Malaysian firm Velesto Drilling, a subsidiary of Velesto Energy, has secured a contract from the Thai-based oil firm PTTEP to provide a jack-up drilling rig for its offshore drilling program in Malaysia.

In a statement on Tuesday, July 11, 2023, Velesto Drilling said it had assigned the Naga 3 jack-up drilling unit for the contract, with the rig used by PTTEP's Malaysian subsidiaries.

"The contract is to drill two firm wells and is expected to commence in February 2023," Velesto said, only receiving the approval on Tuesday to announce the contract, which apparently started some five months ago.

The two-well contract has an estimated value of approximately $13 million.

To remind,  Velesto in May said it had secured an eight-well contract for the Naga 3 rig with Petronas, with the contract set to kick off in the third quarter of 2023.

The Naga 3 is a jack-up drilling rig capable of drilling depths of up to 30,000 feet (9144 meters) and operating in water depths of 350 feet (106.68 meters. The rig is of the GustoMSC-CJ46-X100D design, and it was delivered in September 2010 by PT. DryDocks World Graha, Batam, Indonesia

Categories: Drilling Activity Asia Shallow Water Drilling Rigs

Related Stories

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

Petrovietnam, Partners Sign PSC for Block Off Vietnam

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Chuditch Gas Field Drilling Ops Get Delayed to Next Year

Valeura Concludes Eight-Well Drilling Campaign in Gulf of Thailand

Velesto’s Jack-Up Rig Set for Drilling Job off Indonesia

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

Sunda Energy Starts Environmental Consultation for Chuditch-2 Well Drilling Plans

Jadestone Submits Field Development Plan for Assets Off Vietnam

Current News

EnQuest Acquires Harbour Energy’s Vietnamese Assets

Woodside Finds South Korean Partners to Advance LNG Value Chain

Valeura Makes Progress with Multi-Well Drilling Campaign in Gulf of Thailand

Santos and QatarEnergy Agree Mid-Term LNG Supply

PTTEP Hires Energy Drilling’s Rig for Southeast Asia Offshore Job

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

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

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