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

Malaysia’s Petronas and Oman’s OQEP Strengthen Oil and Gas Ties

US Pressure on India Could Propel Russia's Shadow Oil Exports

Vietsovpetro Brings BK-24 Oil Platform Online Two Months Early

Ventura Offshore’s Semi-Sub Rig to Keep Drilling for Eni in Asia

Hanwha Ocean's Tidal Action Drillship Starts Maiden Job with Petrobras

PV Drilling Takes Ownership of Noble Corporation’s Stacked Jack-Up Rig

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

China Starts Production at Major Oil Field in Bohai Sea

SBM Offshore’s Jaguar FPSO Enters Drydock in Singapore (Video)

CNOOC Finds Oil and Gas in South China Sea

Current News

Malaysia’s Petronas and Oman’s OQEP Strengthen Oil and Gas Ties

Southeast Asia’s 2GW Cross-Border Offshore Wind Scheme Targets 2034 Buildout

Pharos Energy Kicks Off Drilling Campaign Offshore Vietnam

Viridien to Shed More Light on Malaysia’s Offshore Oil and Gas Potential

US Pressure on India Could Propel Russia's Shadow Oil Exports

Energy Drilling’s EDrill-2 Rig Starts Ops for PTTEP in Gulf of Thailand

RINA Wins FEED Contract for Petronas’ Flagship CCS Project in Malaysia

ABL Secures Rig Moving Assignment with India's ONGC

Pakistan, Türkiye Deepen Oil and Gas Ties with Offshore Indus-C Block Deal

Eni-Petronas Gas Joint Venture Up for Launch in 2026

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