Jadestone Energy Chooses Velesto Drilling Rig for East Belumunt Offshore Drilling Campaign

Wednesday, August 16, 2023

Malaysian drilling contractor Velesto Drilling revealed Wednesday it had secured an offshore drilling rig contract with Jadestone Energy. 

Under the contract, Velesto Drilling is providing a jack-up drilling rig for the East Belumunt field infill drilling program. 

The East Belumunt is an offshore field located in the PM 323 production sharing contract, offshore Malaysia, in which Jadestone owns a 60% stake, with PETRONAS Carigali holding the remaining 40% working interest.

While the news of the drilling contract was announced on August 16, 2023, Velesto said the effective date of the drilling contract was March 16, 2023. The rig hired under the contract is the Velesto Naga 2, and the contract value is around $6.1 million.

The Contract is to drill four (4) firm wells with an estimated commencement date in the 3rd Quarter of 2023 by Velesto NAGA 2. Velesto NAGA 2 is a premium independent-leg cantilever jack-up rig with a drilling depth capability of 30,000 feet and a rated operating water depth of 350 feet.

Categories: Drilling Industry News Activity Asia Shallow Water Drilling Rigs

Related Stories

Yinson, PTSC Get $600M Contract for Vietnam-Bound FSO

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

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

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

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

CNOOC Puts Into Production New Oil Field in South China Sea

Hanwha Ocean Marks Entry into Deepwater Drilling Market with First Drillship

Eneos Scoops Jack-Up Drilling Contract Offshore Vietnam

Current News

Sapura Energy Rebrands to Vantris Energy

BP, ONGC, Reliance Industries Ink Deal for Offshore Exploration in India

Allseas-Boskalis Consortium Bags $1.4B Offshore Gas Pipeline Job in Taiwan

CNOOC Brings New Offshore Gas Field On Stream

Yinson, PTSC Get $600M Contract for Vietnam-Bound FSO

PTTEP Buys Chevron's Hess Unit Share of Southeast Asia’s Offshore Block for $450M

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

Sapura Scoops Over $118M for Chevron, PTTEP Subsea Ops off Thailand

Pandion Energy Divests Interests in Three Norwegian Assets to Inpex

China Starts Production at Major Oil Field in Bohai Sea

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