LogIn LogOut

ExxonMobil Hires Velesto for Well Work Offshore Malaysia

February 22, 2022

Velesto Gait 6 - ©Velesto
Velesto Gait 6 - ©Velesto

Malaysian oilfield services company Velesto Energy has, through its subsidiary Velesto Workover, received a letter of award from ExxonMobil for the provision of a hydraulic workover unit and services in Malaysia.

The duration of the contract is one year starting from the third quarter of 2022 until the completion of ExxonMobil's selected wells program.

"The value of this enabling contract with no guarantee of call-offs shall be based upon the agreed rates and work order, if any, issued by [ExxonMobil ] within the contract term," Velesto said.

For the contract, Velesto will assign its Velesto Gait 6 hydraulic workover unit with maximum pulling and snubbing capacities of 460,000 lbs and 225,000 lbs respectively, capable of rigging up on offshore platforms to perform wells workover, plugging, and abandonment operations.



Current News

Australia's LNG Industry Takes Risky Bet on Carbon Capture: Russell

Australia's LNG Industry Takes Risky Bet on Carbon Capture: Russell

Malaysia's Kimanis Crude Exports to Drop in July After Offshore Outage

Malaysia's Kimanis Crude Exports to Drop in July After Offshore Outage

Borr Drilling Finds More Work for Saga Jack-up Drilling Rig

Borr Drilling Finds More Work for Saga Jack-up Drilling Rig

Ørsted, TSS Hold Naming Ceremony for First Asia-built SOV

Ørsted, TSS Hold Naming Ceremony for First Asia-built SOV

Chevron Wraps Up Wheatstone Maintenance

Chevron Wraps Up Wheatstone Maintenance

Bahrain State Oil Company to Appoint Financial Adviser, CEO Says

Bahrain State Oil Company to Appoint Financial Adviser, CEO Says

Woodside Sees Slim Risk of Big Share Selloff by BHP Investors

Woodside Sees Slim Risk of Big Share Selloff by BHP Investors
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